You are here
Jan Nieuwenhuijs: Estimating the true size of China's gold reserves
11:40a ET Thursday, February 23, 2023
Dear Friend of GATA and Gold:
Gold market analyst Jan Nieuwenhuijs today gives his estimate of the gold reserves held by the People's Bank of China: twice the tonnage officially reported.
Perhaps more important Nieuwenhuijs documents how China's central bank and central banks in Europe appear to be working together to match their gold reserves with their nations' gross domestic product in preparation for some sort of new gold standard or gold price targeting system.
... Dispatch continues below ...
... ADVERTISEMENT ...
Bullion Star Opens in the U.S., Selling and Vaulting Gold and Silver
Bullion Star is now open in the United States, offering gold and silver bullion at extremely competitive prices with free delivery. Bullion Star also offers customers a year of free vault storage along with free delivery as well as storage in its secure precious metals vault in Dallas, Texas.
Storing precious metals is challenging. Homeowner's insurance seldom covers precious metals, and safe deposit boxes offered by banks are neither insured nor covered by the government deposit insurance. Bullion Star's vault is an independently run, Class III UL-rated vault with uncompromising surveillance and round-the-clock security.
With Bullion Star you can transact and store your metals securely and confidentially. Your bullion is fully insured against all risks at full replacement value. Bullion Star uses five audit methods to verify the existence and correctness of your stored bullion.
For more information, please visit:
Nieuwenhuijs notes that China's central bank especially has an interest in keeping the gold price down while it acquires the metal necessary to reach a balance with its GDP.
Nieuwenhuijs also essentially reminds us that gold is the secret knowledge of the financial universe, a mechanism surreptitiously used by governments for purposes like manipulating currency and other markets -- a subject that simply cannot be addressed by mainstream financial news organizations and most market analysts who aspire to respectability.
Nieuwenhuijs' analysis is headlined "Estimating the True Size of China's Gold Reserves" and it's posted at the Gainesville Coins internet site here:
https://www.gainesvillecoins.com/blog/how-much-gold-does-china-own
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
