China’s Gold Reserves.
Chinese Gold Reserves increased by 15 tonnes in September.
Total reported Chinese gold reserves stand at over 1,708 tonnes.
For the fourth time in as many months, China has updated its gold reserves.
In June 2015, China updated its gold reserves for the first time since 2009 by reporting an additional 604 tonnes. In August, China updated its gold reserves for July adding 19.4 tonnes. In September, China reported adding 16.15 tonnes of gold to its reserves during the month of August.
Today, Bloomberg reported that China “probably added 15 tons based on dollar value of assets” in September.
Chinese Gold Reserves 2009-2015
After adding 19.4 tonnes of gold to its reserves in July and 16.15 tonnes in August, China added 15 tonnes of gold to its reserves in September and has added over 50 tons of gold from July- September 2015 bringing its total gold reserves to 1708 tonnes.
While China has been adding to its reserves*, since 2009 Russia has officially been adding more as the chart below indicates:
Russian Gold Reserves 2009-2015
Russia added over 31 tonnes of gold to its reserves in August and has added 68.42 tons to its reserves from June-August bringing its total to 1306 tonnes. *Russia has not yet reported its September gold reserves.
*many suspect that China has under reported its gold reserves. See ““The Case of China’s Missing Gold” and “China’s President Confirms Practice Of Moving Official Reserve Assets To Other Entities In China”
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Further Reading:
The Case of China’s Missing Gold
Shanghai Gold Exchange Withdrawals (weekly archive)
Chinese Gold Reserves (monthly archive)
Russian Gold Reserves (monthly archive)
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