Peoples Bank of China Added 6.91 Tons of Gold to Reserves in January.The People’s Bank of China Added No Gold to Reserves in November 2016 and sold gold in December 2016.
Total reported People’s Bank of China gold reserves stand at 1828.355 tonnes.
PBOC adds gold to Reserves as Foreign Reserves Fall by $12.3 billion in January.
PBOC foreign reserves fell from $3.01 trillion in November to $2.998 trillion in January, the lowest total since 2011.
The People’s Bank of China Added No Gold to Reserves in November 2016 and sold gold in December 2016.
Total reported People’s Bank of China gold reserves stand at 1828.355 tonnes.
PBOC adds gold to Reserves as Foreign Reserves Fall by $12.3 billion in January.
PBOC foreign reserves fell from $3.01 trillion in November to $2.998 trillion in January, the lowest total since 2011.
PBOC Foreign Reserves fell approximately $320 billion in 2016 and $513 billion in 2015.
The PBOC added 104 tons of gold to reserves in 2015 and 60 tons in 2016.
PBOC Added no Gold to Reserves in November 2016 and sold 20 tons of gold in December 2016
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
Please consider making a small donation to Smaulgld.com. Thanks!
For the 20th 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 222,000 ounces (approximately 6.91 tons) in January.
In June, the PBOC announced that it 604 tonnes.* Since then the PBOC has added another 170 tonnes of gold to her reserves.
People’s Bank of China Gold Reserves 2009-2017
Donate To Smaulgld.com via paypal
*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.”
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 2016, 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 in 2016 was down 24% from 2015.
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 $68 billion in November from $3.12 trillion in October to $3.052 trillion, the lowest level since 2011. Chinese foreign reserves fell another $42 billion in December 2016 to $3.01 trillion.
In January 2017, Chinese foreign reserves fell under $3 trillion for the first time in six years.
According to the most recent report by the U.S. Treasury Department on foreign holdings of U.S. Treasury securities, China held $1.049 trillion in U.S. Treasury bonds as of the end of November 2016.
China is no longer the world’s largest foreign holder of U.S. Treasury Securities.

Chinese holdings of U.S. Treasury Securities have fallen by $216 billion in a year and 67 billion from October to November 2016.
Chinese Gold Imports Through Hong Kong*

Chinese gold imports were 50.178 tons in November 2016 and were 719.3 tons through November 2016.
* does not include Shanghai gold imports.
Chinese Gold Mining Production
Top Ten Gold Holding Nations
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
Please consider making a small donation to Smaulgld.com. Thanks!
NB: PBOC gold reserves calculated from PBOC data that lists gold reserves by dollar amount at end of each month. Dollar amount is divided by the LBMA gold price, provided by Kitco, at the end of each month to get a troy ounce total which is then converted into metric tons.
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.