What's the Real Deal Behind China's Gold Purchases?

China has just added to their central bank gold reserves for the first time in two years, and Jeffrey Christian, managing partner of CPM Group, said that China has been very transparent with with their purchases, potentially signaling higher prices for gold.
“Anybody who questions what the PBoC is doing and saying they can’t get a grasp on it, and they don’t know if the PBoC is being honest, doesn’t know anything about the PBoC’s China gold policy,” Christian told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
Christian added that central banks, and the PBoC in particular, have had a track record of buying gold when they believe prices are at a low. (show less)

China has just added to their central bank gold reserves for the first time in two years, and Jeffrey Christian, managing partner of CPM Group, said that China has been very transparent with with their purchases, potentially signaling higher prices for gold.
“Anybody who questions what the PBoC is doing and saying they can’t get a grasp on it, and they don’t know if the PBoC is being honest, doesn’t know anything about the PBoC’s China gold policy,” Christian ... (read more)

VRIC 2019

VRIC 2019
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry. Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.

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