People’s Bank Of China Adds Five Tons of Gold To Reserves in September

The People’s Bank of China Added 160,000 Ounces (5.00 Tons) of Gold to Reserves in September.

Total reported People’s Bank of China gold reserves stand at 1838.52 tonnes.

Pace of Gold Acquisition Continues to Moderate as Chinese Foreign Reserves Fall

PBOC foreign reserves fell from $3.19 trillion in August to $3.166 trillion in September.

Buy Gold Online

PBOC Adds Five Tons of Gold to Reserves in September

For the 15th month in a row, The People’s Bank of China (PBOC) gold reserves were updated. The latest update showed that the PBOC’s gold reserves grew by 160,000 ounces (4.98 tons) in September.

In June, the PBOC announced that it added no gold to its reserves in the month of May , marking the first month since the PBOC began monthly gold reserves reporting in July 2015 that it showed no additions of gold to reserves. In July the PBOC reported that it had resumed its gold purchases by adding approximately 15 tons to reserves in June. In August the PBOC announced that it had added 170,000 ounces or 5.28 tons of gold to her reserves in July. In August the PBOC added 160,000 ounces or five tons of gold to reserves

In June 2015, the PBOC updated its gold reserves for the first time since 2009 by reporting an additional 604 tonnes.* Since then the PBOC has added another 170 tonnes of gold to its reserves.

People’s Bank of China Gold Reserves 2009-2016

People's Bank of China gold reserves 2009-2016 september

The People’s Bank of China added almost 5 tonnes of gold to reserves in September.*

*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.

Buy Canadian Silver Maple Leaf Coins

Sign Up For Smaulgld.com Updates Here!

PBOC’s Gold vs. China’s Gold

The PBOC is not “China” but rather the central bank of China. While the PBOC may not have added much gold to its reserves in July and August, gold was still mined in China and imports of gold continued to flow into China via Hong Kong and Shanghai. This gold goes to individuals, state owned investment companies and banks and to satisfy demand on the Shanghai Gold Exchange. Gold demand in China as measured by withdrawals on the Shanghai Gold Exchange through July 2016 is down 25% from last year through the same time period.

China only reports on gold held by its central bank, not gold held elsewhere in the country.

Chinese Foreign Reserves and U.S. Treasury Holdings

Chinese foreign reserves fell in August from $3.20 trillion to $3.19 trillion, the lowest level since 2011. According to the most recent report by the U.S. Treasury Department on foreign holdings of U.S. Treasury securities, China held $1.24 trillion in U.S. Treasury bonds as of the end of June 2016.

Chinese Gold Mining Production

chinese gold mining production 2000-2015

Chinese gold mining production is the largest in the world

Top Ten Gold Holding Nations

gold-reserves-by-country-top-ten-october-7-2016

The People’s Bank of China has the fifth largest gold reserves of any country.

To see the top forty gold holding nations, click here.

Compare Pricing and Shipping on American Gold Eagle Coins

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:

BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange

If you have enjoyed this report, please consider buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.

Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.






Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.

Buy Gold Online

Browse Collectible Coins on Amazon

Browse Silver Coins on Amazon

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)

India and Gold

Indian Gold Charts

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.


You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Goldbroker, Golden Eagle Coin, Perth and Royal Canadian Mint ads on the site.

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation