http://blog.chinatells.com/2010/02/4047 Investor's Portal to China Wed, 25 Jan 2012 07:52:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://blog.chinatells.com/2010/02/4047/comment-page-1#comment-1564 Is China thinking of increasing gold holding? (黄金迷局) « China Tells Tue, 09 Mar 2010 05:32:47 +0000 http://blog.chinatells.com/?p=4047#comment-1564 [...] According to the vice governor of People’s Bank of China, Mr. Yi Gang, the return on Gold in the last 30 years is not that great and China will be cautious to increase the holding of Gold (See Article from WSJ). There are large speculations that China is considering reducing the investment in US treasury and convert part of it to Gold. Given the limited amount of tradable gold on the market, however, any significant move from China on back of its record Foreign Reserve will result in a surge of Gold price almost for certain. For the moment China holds about 1054 metric tons of gold, which represents about 1.6% of China’s total Reserve (See Graph from Chinatells). [...] [...] According to the vice governor of People’s Bank of China, Mr. Yi Gang, the return on Gold in the last 30 years is not that great and China will be cautious to increase the holding of Gold (See Article from WSJ). There are large speculations that China is considering reducing the investment in US treasury and convert part of it to Gold. Given the limited amount of tradable gold on the market, however, any significant move from China on back of its record Foreign Reserve will result in a surge of Gold price almost for certain. For the moment China holds about 1054 metric tons of gold, which represents about 1.6% of China’s total Reserve (See Graph from Chinatells). [...]

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