People’s Bank of China Reports Flat Gold Reserves in November

People’s Bank of China Added No Gold to Reserves in November.

The People’s Bank of China has not added any gold to reserves since they were admitted to the SDR in October 2016.

Total reported People’s Bank of China gold reserves stand at 1842.6 tonnes – same as October 2016.

PBOC foreign reserves rose for the tenth month in a row, up $11 billion in November to $3.11 trillion.

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.

Chinese holdings of US Treasuries Rise to $1.189 Trillion in October.

Value of China’s Gold at the end of November was approximately $76 billion.

Gold demand in remains China very strong; imports, retail demand and Shanghai Gold Exchange withdrawals at robust levels.

The Lowest Cost. Period.

Watch the companion video to this blog post

Or watch on on Bitchute

You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and get $10 of free Bitcoin.*

People’s Bank of China Gold Reserves Steady Since October 2016

For the 30th month in a row, The People’s Bank of China (PBOC) gold reserves were updated (kinda). The latest update showed that the PBOC’s gold reserves remained unchanged in November. 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 her reserves, but has not added any gold to reserves since October 2016.

Check out all the Smaulgld podcasts here.

You can buy bitcoin and ethereum through Coinbase.
Click HERE to open a coin base account.*

Not a Smaulgld subscriber? Sign up here.

Buy Canadian Silver Maple Leaf Coins

Please consider making a small donation to Smaulgld.com. Thanks!





Buy American Gold Eagle Coins

People’s Bank of China Gold Reserves 2009-2017

Chinese gold reserves 2009 - 2017 october

You Stop Running Once You Catch the Bus – PBOC hasn’t added gold to reserves since the Yuan was added to the SDR basket in October 2016.

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.

Buy Canadian Silver Maple Leaf Coins

Sign Up For Smaulgld.com Updates Here!

PBOC’s Gold vs. China’s Gold

The Case of China’s Missing Gold

In July of 2015, the People’s Bank of China updated publically their gold reserves for the first time since 2009. Many gold observers were expecting a massive increase. When the PBOC announced that its gold reserves increased a healthy 604 tons, more than a few cried foul and insisted that “China” was lying and hiding their true gold holdings. At that time we published “The Case of China’s Missing Gold“. In that article we noted that China’s missing gold perhaps wasn’t missing at all – it just wasn’t listed on the PBOC balance sheet.

Indeed, we noted “China’s” gold was probably elsewhere, in sovereign wealth funds, at other Chinese state owned banks, and with its citizens. Later in October, 2015 we reported that “China’s President Confirms Practice Of Moving Official Reserve Assets To Other Entities In China” in which China’s President Xi Jinping admitted “some assets in foreign exchanges were transferred from the central bank to domestic banks, enterprises and individuals”.

Clearly, there is more gold in China than is reported on the PBOC balance sheet. According to the USGS, China has mined over 5,200 tons of gold since 2000, the SGE has experienced withdrawals of over 14,500 tons of gold and imported over 5,300 tons of gold into China via Hong Kong since 2001. Yet, the People’s Bank of China lists under 1,850 tons of gold on its balance sheet.

The case is the same in India, where Indian households are estimated to hold 18-22,000 tons of gold and Indian temples to hold about 4,000 tons of gold , yet the Royal Bank of India lists just 557.7 tons of gold on its balance sheet.

Simply, the gold on the balance sheets of the PBOC and the Royal Bank of India is not all of “China’s” gold or “India’s” gold, it is just that gold held by those respective central banks.

The Lowest Cost. Period.

Chinese Foreign Reserves

In January 2017, Chinese foreign reserves fell under $3 trillion for the first time in six years.

In February 2017, Chinese foreign reserves inched back above $3 trillion.

In March 2017, Chinese foreign reserves rose another $4 billion to $3.09 trillion.

In April 2017, Chinese foreign reserves rose another $20.45 billion in April to $3.29 trillion.

In May 2017, Chinese foreign reserves rose another $24 billion to $3.054 trillion.

In June 2017, Chinese foreign reserves rose another $3 billion to $3.057 trillion.

In July 2017, Chinese foreign reserves rose another $24 billion to $3.081 trillion.

In August 2017, Chinese foreign reserve rose another $11 billion to $3.092 trillion.

In September 2017, Chinese foreign reserve rose another $17 billion to $3.1085 trillion.

In October 2017, Chinese foreign reserve rose another $7 billion to $3.1092 trillion.

In November 2017, Chinese foreign reserve rose another $11 billion to $3.11 trillion.

Chinese Foreign Reserves November 30 2017

Chinese Holdings of U.S. Treasuries

According to the most recent report by the U.S. Treasury Department on foreign holdings of U.S. Treasury securities, China held $1.189.2 trillion in U.S. Treasury bonds as of the end of October 2017.

China is once again the world’s largest foreign holder of U.S. Treasury Securities.

Chinese Holdings of US Treasuries 2014 - 2017 through October

Chinese are the number one foreign holder of U.S. Treasuries.

China Ready to Buy More Treasuries as Yuan Stabilizes

Russia is also boosting their U.S. Treasury holdings.

Russian Holdings of Us Treasuries 2015 - 2017 november

Russian holdings of U.S. Treasuries increased 36% from September 2016 to September 2017.

Chinese Gold Imports Through Hong Kong*

Chinese gold imports through November 2017

* does not include Shanghai gold imports.

Chinese Gold Mining Production

Chinese Gold Mining Production 2000 - 2016

Chinese gold mining production is the largest in the world. According to U.S. Geological Survey, China mined 5,210 tons of gold from 2000 – 2016

Shanghai Gold Exchange

Through November 2017 gold withdrawals on the Shanghai Gold Exchange have topped 1,845 tons.

Shanghai Gold Exchange Withdrawals 2008 - 2017 annual through November

Chinese Retail Gold Demand is Strong

Chinese Demand for Gold Bars Climbs by Half on Hunt for Havens

Gold Bars sold in the first half of 2017: 158.40 metric tons or 4,919,064 ounces
Gold Jewlery: 330.8 tons or 10,635,467 ounces
Total First Half Chinese Gold Demand: 545.2 tons or 17,528,587 ounces

China’s demand for gold, excluding the central bank’s purchases, rose 15.5 per cent in the first three quarters to 815.9 tonnes.

Top Ten Gold Holding Nations

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

Will China’s Gold Save it From its Rising Debt?

Value of Chinese Gold Holdings vs Chinese Debt

Chinese Gold Holdings vs Chinese Debt

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
SD Bullion
Money Metals Exchange

Please consider making a small donation to Smaulgld.com. Thanks!





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.

The Lowest Cost. Period.

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 BGASC, Goldbroker, Golden Eagle Coin, Money Metals Exchange, SD Bullion 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