Markets

Goldman Sachs note hints China's real gold accumulation may be much more than double official numbers - investingLive

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DW NOTE

Goldman estimates China holds more than double its reported 2,264 tonnes in official reserves. If true, Beijing has been running the largest undisclosed accumulation program in monetary history while lecturing the world about transparency. The PBOC reports monthly. It just doesn't report accurately.

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Goldman Sachs note hints China's real gold accumulation may be much more than double official numbers - investingLive

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