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Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price Perfect Storm

Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price Perfect Storm
© Copyright Image: Crypto Breaking News

A recent report from Jan Nieuwenhuijs, an expert in the Chinese gold market, has found that the actual gold reserves held by the Peoples Bank of China might comprise over 5,300 tonnes, dwarfing official numbers. Nieuwenhuijs explains China might be a driving force behind increasing gold prices, as the country moves to hoarding gold to [] Source: Bitcoin.com

The post Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price Perfect Storm appeared first on Crypto Breaking News.

Read more: https://www.cryptobreaking.com/report-china-could-be-hoarding-over-5300-tonnes-of-gold-might-create-price-perfect-storm/

Text source: Crypto Breaking News

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