PBoC's Gold Conduit Revealed: Chinese Central Bank Did Not Stop Buying Gold In May

PBoC's Gold Conduit Revealed: Chinese Central Bank Did Not Stop Buying Gold In May By Jan Nieuwenhuijs of Gainesville Coins This article is an analysis of how the Chinese central bank (PBoC) buys gold in London from Western bullion banks. Because the bullion banks take care of the gold transport for the PBoC, the shipments from London to Beijing are disclosed in UK customs data. The customs data reveals that the PBoC continued to buy gold in May — when it communicated to the market it discontinued buying — at...