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Jan Nieuwenhuijs: Will China's hoarding cause gold's price to rise?
10:29p ET Wednesday, January 15, 2020
Dear Friend of GATA and Gold:
China's government gold reserve is probably twice as large as the nearly 2,000 tonnes officially reported, Voima Gold researcher Jan Nieuwenhuijs writes today, even as the country is storing another 20,000 tonnes among its people.
This underreporting, Nieuwenhuijs writes, allowed China to accumulate gold at lower prices.
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Nieuwenhuijs believes that inflation and debt devaluation in the West and the tightness of gold supplies there may cause gold prices to rise faster than generally expected.
Nieuwenhuijs' analysis is headlined "China's Gold Hoarding: Will It Cause the Price of Gold to Rise?" and it's posted at Voima Gold here:
https://www.voimagold.com/insight/chinas-gold-hoarding-will-it-cause-the...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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