China Reserves Ample to Buy World’s Gold Twice

China’s foreign currency reserves, which have surged more than 700 percent since 2004, are enough to buy every central bank’s official gold supply — twice. The CHART OF THE DAY shows how China’s foreign reserves surpassed the value of all official bullion holdings in January 2004 and rose to $3….

Read more from the original source:
China Reserves Ample to Buy World’s Gold Twice