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Did The PBOC Covertly Buy 1,747 Tonnes Of Gold In London? | Zero Hedge

The Western gold space has learned a great deal about the Chinese gold market and global gold flows, though we’re always left with loose ends. For example, the issue regarding PBOC gold purchases; how much gold do they truly have and where was it bought? Does the PBOC buy 400-ounce Good Delivery (GD) bars in London and covertly transports these gold bars to its gold vaults in China mainland, or are the Good Delivery gold bars shipped to Switzerland, refined into 1 Kg 9999 gold bars, sent forward to the Chinese mainland where they’re required to be sold through the SGE gold exchange and from where they can be bought (in clear sight) by the PBOC.

Source: Did The PBOC Covertly Buy 1,747 Tonnes Of Gold In London? | Zero Hedge


Categorised as: interesting

Posted by: Kramer

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