Throughout the world gold price pushed up by this week reveal the news that China was secretly gradually increase its gold reserves. It is estimated that China currently has approximately 1054 tonnes of gold reserves, or increased about 90 tons per year in recent years.
China is attractive purchase of two sides of the amount and when the purchase is made. Total gold reserves accretion in the range of 90 tons per year is a significant amount compared to all of our gold reserves such that only in the range of 74 tons, even the gold reserves of Saudi Arabia alone is estimated at only around 135 tonnes.
Both in terms of time of purchase, the Chinese seem to know exactly when to buy.They buy gold at gold prices lower as the season had lasted nearly a month last `.China is also very careful in implementing plans to increase gold reserves, it appears from the relevant official silence on the country and also from the gradual purchase patterns.
In spite of its huge foreign exchange reserves and is able to increase its gold reserves as well as in larger quantities, China did not do so because if this is going to shake up the gold price and U.S. dollar will fall. China concerned to 'join maintain' the U.S. Dollar in order to remain a high exchange rate, because of China's lucrative trade with the United States.
So what does this gold purchases by China for gold investment / Dinar?. First China will not be a State that shook the gold price to new high value - because it is contrary to the interests of their trade.
Both the pattern of China's purchases of gold by gradually at low prices, gold prices also will 'wake up' - because it seems there will be 'standby buyer' for the gold of the world namely China.
Gold reserves which spread to a number of countries will be equally good for the stability of world economy because it reduces the dominance of one State against another State - at least from an economic standpoint. Wa Allahu A'lam.
