Where Did China's Gold Go?

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#1 Sun, Jul 19, 2015 - 3:12pm
hampton, NH
Joined: Jun 24, 2013

Where Did China's Gold Go?

The Case of China's Missing Gold

Some explanations

The People's Bank of China (PBOC) updated their gold reserve figures earlier this week for the first time since 2009. The amount was lower than many had anticipated.

Indeed, the amount was far lower than the Chinese gold mining production and imports through Hong Kong and Shanghai since 2009.

If all that gold didn't end up at the PBOC, where is it?