Sentences with phrase «official gold reserve»

So for as many as six years the official gold reserve data about China was way off.

Years ago GATA disclosed that the International Monetary Fund, the leading compiler of official gold reserve data, allowed its member nations to count gold they had leased, gold that had left their vaults, as if it was still in their vaults.

Furthermore, no one with any sense believes their «officially» reported reserve numbers, especially since I had been blogging for years that their official gold reserve data was nonsense.

Even official gold reserves were down by 5 percent last year, with total reserves growing by 371 tons in 2017.

The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located adjacent to Fort Knox, Kentucky, used to store a large portion of United States official gold reserves and occasionally other precious items belonging or entrusted to the federal government.

Not exact matches

As a friend recently reminded me, China's official gold holdings account for only 2 percent of its foreign reserves.