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Koos Jansen: China's central bank doesn't buy gold on Shanghai exchange
10:25p ET Sunday, July 6, 2014
Dear Friend of GATA and Gold:
The People's Bank of China almost certainly does not purchase gold through the Shanghai Gold Exchange, gold researcher and GATA consultant Koos Jansen writes tonight, providing authoritative evidence that purchasing gold on the exchange would not accomplish the Chinese government's objectives, foremost of which is to trade U.S. dollars for metal. Jansen's commentary is headlined "Does the People's Bank of China Purchase Gold Through the Shanghai Gold Exchange?" and it's posted at his Internet site, In Gold We Trust, here:
http://www.ingoldwetrust.ch/does-the-pboc-purchase-gold-through-the-shan...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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