Re: China/gold

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Re: China/gold

in response to

China/gold

sculpin

posted on Dec 27, 2011 09:05PM

Interesting article Sculpin! It says China is 6th, I've also seen a few spots, including the link I have here, that China is 5th (with 1054 T) Anyway, here's an interesting article that also shows the top 109 countries's holdings:

Gold reserve - Wikipedia, the free encyclopedia

China (1054 T) could move into 2nd place in front of Germany (3401 T) by doing the following:

3401T - 1054T = 2347T

2347T X 32150 Troy OZ per T = 75.456 Million OZ

If China could acquire 75.456 Million OZ that would put them in 2nd place behind the USA

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