price of au unstoppable;China’s foreign currency reserves have surged more than 700% since 2004 and are now enough to buy every central bank’s official gold supply - twice.
China’s foreign reserves surpassed the value of all official bullion holdings in January 2004 and rose to $3.3 trillion at the end of 2012 and are at $3.4 trillion today.
We are confident that the PBOC is quietly accumulating gold and we expect another announcement from the PBOC, possibly this year, when they again disclose to the market that they drastically increased their gold reserves – possibly from 1,054 tonnes to between 2,000 and 3,000 tonnes.
lol yup still here ; I like it dark now .lol.