China Expands Gold Reserves, Surges Past Italy & France in Ranking

Stacy Summary: Looking more and more likely that the 5,000 – 6,000 tonne estimates are true. Back in 2008 when we broke the Bundesbank gold story, we were told by people at the Bundesbank that China likely had more gold than Germany.

China Expands Gold Reserves, Surged Past Italy & France in Ranking

Claiming to have vaulted France and Italy in terms of gold reserves, China has announced that they have expanded their gold reserves by 76 %, thus becoming 3rd largest gold reserves in the world. According to the voluntary reporting system of IMF which monitors international gold reserves, China’s gold reserve have increased from the last reported holdings of 1,054 Tons in 2009, April to 2,710 metric tons currently.

Thank you Western people for your generous discount. I don't care what other people say about you, I think you are so generous!

Thank you Western people for your generous discount. I don’t care what other people say about you, I think you are so generous!

2 comments on “China Expands Gold Reserves, Surges Past Italy & France in Ranking
  1. daddy warbucks says:

    Why can the IMF get massive amounts of new gold for themselves and Germany can’t even get it’s OWN gold back?

    10 nations that control the world’s gold – MarketWatch
    Oct 20, 2012 … The International Monetary Fund is the third-largest official holder of gold, with more than 2,814 tonnes.

    The IMF is ANOTHER UN agency, it is not a ‘nation’, it has been deemed ‘supranational sovereignty’ (deemed by the UN, and the ‘International Court of Justice’ -yep, another UN agency). so the UN creates an agency to deem itself and it’s other agencies supranational sovereignty over the world, seizes control of other nation’s resources and makes it’s own laws, decides it needn’t pay any tax nor provide any revenues -sweet deal if your a UN employee.

    The IMF is the third biggest holder in the world of gold after the USA and Germany(except Germany can’t have it) – (where did IMF get all that gold? … ask NATO? or the Federal Reserve?).

    The IMF is supposed to help struggling countries with the gold but instead the world is going broke while the IMF is getting fantastically wealthy, more powerful and authoritarian and is demanding more world taxes while it’s own hoards of gold pile up.

    It’s no longer ‘the’ gold, it’s now ‘their’ gold.

    Lagarde’s (IMF) salary is over $800,000 + per year PLUS thousands in ‘stipends’. and she PAYS NO TAX.

    “most UN employees pay no tax”, that’s one big reason why they want you to pay MORE TAX.

    The IMF and World Bank are UN agencies of now countless agencies, commissions and organizations sucking the wealth life out of the world along with individual freedoms.

    A ‘one world currency’, ‘world bank’, open borders, ‘World Wealth Tax’, ‘Global’ warming Tax, ‘World Arms Treaty’, NATO (one world military), and the UN making global laws – that supplant our own laws, US Constitution and Bill of Rights, are for the purpose of destroying sovereignty of nations.

    YOO HOO!

  2. Bruce says:

    yo kid.
    swap u a ps3 and the skylanders stuff for that unfun block of shiny, yo. Give to roundeye.

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