The Peoples Bank of China Expected To Buy Gold as Chinese Gold Mines Become Depleted | Before It's News

Hardly a news flash. Don't expect the Chinese scream to the media, hey we're looking to buy some gold. When they finally talk about it, they will simply announce their acquired reserves.

This Shortfall creates a “snowball” effect as China’s gold industry may not be able to keep pace with the annual leap in domestic consumption despite rising to be the world’s largest gold producer since 2007.

Source: beforeitsnews.com