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IPFS News Link • Precious Metals

Is China Secretly Stealth-Buying Gold?

06-18-2010 • Businessinsider.com/

'China is considered a stealth buyer of gold, said Boris Schlossberg, director of currency research at Global Forex Trading. As the world's largest producer of the metal, China often buys gold from its own mines and doesn't report those sales publicly. But in April 2009, China did admit to having added 454 tonnes, or a 76% increase, to its reserves since 2003.

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Reported By Jack Gregson

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