BREAKING: Ex-CIA Obama Foe Dr. Jim Garrow Warns About Possible Chinese Takeover of U.S. Economy

Just last week China’s Central Bank announced for the first time since 2009 its current gold holding at the end of June were 1,658 tons. In April 2009, reserves were 1,054 tons. The addition, although seemingly large, was a bit shocking to gold analysts who follow all gold trades closely and estimated China’s holdings at double that amount. In fact, Stephen Leeb adroitly pointed out last week that China could perhaps have 10 times this amount through its member banks. Knowing China’s propensity to publish misleading financials, the question becomes: What advantage does publishing misleading gold holdings give China and, what might we expect from gold pricing in the near future?

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