www.zerohedge.com
◆ China has added more than 100 tons of gold bullion bars to its gold
reserves since it resumed buying in December; China's gold holdings
rose to 62.64m ounces in September, an increase of 190,000 ounces in one
month
◆ The People's Bank of China (PBOC) increased it's gold reserves for a
10th straight month in September, reinforcing its standing as one of
the major official accumulators as many creditor nation central banks
stock up on the precious metal
◆ China and central banks around the world need a hedge against their
massive, near non yielding dollar holdings and central banks are trying
to reduce their exposure to the dollar
◆ Investors globally need a hedge due to their massive dollar and negative interest rate bond and fiat currency exposure
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