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The graph also depicts the combined gold reserves of India, Russia and Brazil. What is fascinating about this 10-year chart is not only the fact that China can buy the entire world’s gold reserves twice over, but also to see the explosion in China’s reserves. According to Bloomberg, China’s foreign currency reserves have surged more than 700% in just the last 9 years alone. This chart illustrates a key point and a very frightening one for the gold bears, that China’s demand for gold will remain insatiable for many, many years to come:
© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
The interviews with Gerald Celente, Dr. Stephen Leeb, Jim Sinclair, Rick Rule, Ben Davies, Andrew Maguire and Marc Faber are available now. Also, be sure to listen to the other recent KWN interviews which included James Turk, Bill Fleckenstein, Egon von Greyerz, Felix Zulauf, Eric Sprott and Art Cashin by CLICKING HERE.
Eric King
China Can Now Buy World’s Gold Reserves Twice Over
For many years King World News has been reporting on China’s insatiable appetite for gold. Well, amazingly China’s foreign currency reserves can now buy the entire world’s gold supply twice over. The stunning graphic below depicts this truly astonishing fact.
© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast,
rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
March 4, 2013
