China reveals they have been hoarding gold

Reports indicate that China is the second largest purchaser of gold. Over the last six years, the country has amassed a wealth of gold and, according to most analysts and traders, the country will continue to do so well into the future. The People’s Bank of China stated that the country owns 1658 metric tons of gold and has purchased about 100 tons of gold each year since 2009. Some analysts report that China will likely own 5000 tons of gold in its stockpile....Read More