Report: China may be hoarding more than 5,300 tons of gold, could create price ‘perfect storm’
Recent reports by Jan Nieuwenhuijs, an expert on the Chinese gold market, have confirmed that the actual gold reserves held by the People's Bank of China may exceed 5,300 tons. Nieuwenhuijs noted that China could be the main driving force in increasing gold prices as the country moves to stockpile gold. […]
