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Koos Jansen: Why are Chinese banks holding gold?
3:20p ET Wednesday, August 31, 2016
Dear Friend of GATA and Gold:
Gold researcher Koos Jansen today sorts through the possibilities to determine the nature of the gold reported held by Chinese banks -- gold owned by bank customers, inventory for the gold business of the banks themselves, gold for leasing, and gold for hedging. Jansen's analysis is headlined "What Are These Huge Tonnages in 'Precious Metals' On Chinese Commercial Bank Balance Sheets?" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/koos-jansen/what-are-these-huge-tonnag...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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