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Ronan Manly: China's gold purchase announcements have strategic purpose
2p ET Wednesday, January 11, 2023
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly writes today that China's announcements of gold purchases are made strategically, to remind the world that China is a big power in the currency markets, and that while many months may pass without such announcements, China is probably acquiring gold steadily anyway in pursuit of a plan to hold the world's largest gold reserve.
Indeed, Manly adds, China already may be nearing that point.
His analysis is headlined "Chinese Central Bank Kicks off New Round of Gold Accumulation" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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