When the meetings of G-20 is running; China is already moving ahead collect gold. In fact, according to The Economic Times that softcopy articles submitted by readers of this site in Brunei, China was getting square off to increase its gold reserves to 7 times that of their gold reserves now.
Their gold reserves are now in the range of 600 tons will be increased to 4.000 tonnes. If this happens then China's gold reserves would be greater than its gold reserves of the IMF, and 3 times more than the gold reserves of all Muslim majority countries combined.
Gold reserves will also be two times larger than the gold reserves of the whole of Asia outside China when combined. See chart beside.
China is very capable of doing this because they have foreign exchange reserves are the largest current U.S. $ 1.9 trillion.
What is its impact on world gold prices? It can be very meaningful. My guess volatility of gold prices began to climb since last week, among others, also driven by this issue.
The increase in demand from China alone will be able to absorb the entire world's gold production in one year!.
So happy are the people who have started to invest Dinar; Your investment is up 40% last year (indicator on dashboard geraidinar.com at the time I write this article) - will find a new rocket fuel for his bounce higher again in the future. And Allaah knows best.
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