You are here

The mystery of China's gold stash may soon be solved

Beijing is believed to have stockpiled the metal as part of a plan to diversify US$3.7t in forex reserves

The People's Bank of China may have tripled holdings of bullion since it last updated them in April 2009, to 3,510 tonnes, says Bloomberg Intelligence.


CHINA's push to challenge US dominance in global trade and finance may involve gold - a lot of gold.

While the metal is no longer used to back paper money, it remains a big chunk of central bank reserves in the US and Europe. China became the world's second-largest

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom