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Through its purchase of gold, China is sending the U.S. a major warning | The Mesh Report

Through its purchase of gold, China is sending the U.S. a major warning

Mike Hammer May 8, 2019 Comments Off on Through its purchase of gold, China is sending the U.S. a major warning

China announced yesterday that they increased their central gold reserves by 480,000 oz (approx 14.9 tonnes) in April, noting that this is the fifth straight month of increases.  The announcement also noted this brings Chinese reserves to 61.1 million ounces with a value of $78.35 billion USD, as of the end of April.

This is an old story to regular readers of The Gold Enthusiast. What that grizzled veteran of the trade would like you to notice is how the announcement was worded.  Your Gold Enthusiast thought it sounded funny, so he dug back through the news and can only find 2 previous official announcements of Chinese reserve increases in the past 5 months.  With this one, that makes 3 total.

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