Chart: China’s love affair with gold continues – adds 16 tons in January

A new chart from Smaulgld finds that the Chinese government, which is pressing ahead with stimulus to revive its economy, is continuing its love affair with gold. China recently added 16 tons of gold in January for a grand total of 1,778 tons. Since the economic collapse, China has been regularly adding gold to its reserves.

What’s very interesting about the data is that China added more than 1,000 tons between 2009 and 2015. In the last six months alone, China added more than 700 tons to its gold reserves!

This isn’t the greatest of news for the United States dollar.

Like this article? Get ECN delivered to your inbox daily. Subscribe here.

Leave a Comment