All articles on gold reserve

Gold Retail Buy-Back Surges across China
The gold rush has gone global, but the flight-to-quality is taking different forms in different markets. While the US and Europe are experiencing a surging demand for the glittery stuff itself, investors in China have been stepping up the monetization of their bullion reserve since February. The stark contrast reflects investors' different confidence levels towards their countries' monetary and financial systems.
March 3rd,2009
PBoC Gold Reserve Increase?
A rising voice is telling China's central bank, the People's Bank of China (PBoC), it's time to increase its gold reserve, a point of view that has gained recent support as the international gold price has gone beyond $900 per ounce. PBoC is turning a deaf ear.
January 17th,2008
China's Long-Term Gold Reserve Increase Strategy Surprises Markets
The People's Bank of China (PBoC), China's central bank, has bought gold on the domestic market with RMB instead of on the world market with its foreign exchange reserve.
April 27th,2009
PBoC's Gold Reserve Needs a Big Boost, Suggests an Expert
China's gold reserve accounts for only 1.6% of its total forex reserve even after its recent increase, still a very low percentage.
May 21st,2009
Gold Speculators Itching to Jump on Any China "Dollar Bust" Policy
Why is the market hyping gold? Malicious inflation, steep USD depreciation, the collapse of the global monetary system, conflicts between China and US due to the depreciation of China's forex reserve, China's selling of USD and purchases of gold, the only choice for the country at the moment-all can be reasons.
April 8th,2009