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China says its in-ground gold reserves stand at 12,100 tonnes

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Chris Powell
GATA
Published : October 04th, 2017
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Category : GoldWire

SHANGHAI -- China's proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported today, quoting an official with the national gold association.

China has been the world's biggest gold producer for 10 years and the largest consumer of the metal for four years, it said. China aims to increase its annual gold output to 500 tonnes by 2020 from around 450 tonnes currently, it said.

Last year 70,000 tonnes of gold were traded in China on spot exchanges, futures exchanges, and over-the-counter at banks, and that amount was expected to exceed 100,000 tonnes by 2020, Xinhua quoted Zhang Yongtao, vice chairman of the China Gold Association, as saying. ...

... For the remainder of the report:

http://www.reuters.com/article/us-equifax-bre...led-to-patch...
Data and Statistics for these countries : China | Georgia | All
Gold and Silver Prices for these countries : China | Georgia | All
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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