Tag Archives: china hoarding gold

China, Russia ink agreement on gold exploration

China National Gold Group Corporation announced on Monday it has signed an agreement with Russian gold miner Polyus Gold to deepen ties in gold exploration.

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China Purchased 29 Tonnes of Gold in the Last 3 Days of 2014

The Shanghai Gold Exchange released a report on January 3rd that showed a huge rush for wholesale purchases of the precious metal during the last 3 days of December. 29 tonnes of gold were withdrawn on the SGE during a … Continue reading

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Alan Greenspan Explains Why China is Hoarding Gold

In a piece published today by the Council on Foreign Relations, former Fed chair Alan Greenspan examined the recent dramatic rise in gold imports by China.  He theorized that the country was likely in the process of converting its foreign … Continue reading

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