Gold Bars on Top of The Chinese Flag

Why China’s Secret Gold Binge Is an Overt Buy Signal

China has been buying a lot of gold lately. As a matter of fact, they’re acquiring the yellow metal at a record pace.   In March, the People’s Bank of China added 11.2 metric tons to their gold reserves. They added 9.95 metric tons in February, 11.8 in January, and 9.95 in December of last year. The latest figures put their gold holdings at more than 60 million ounces—earning them a place alongside the U.S., Germany, Italy, France, and Russia as having some of the largest…