China May Boost Gold Reserves Amid Imbalances in Holdings
By GCRU Gold News on Tuesday, September 16 2014, 13:37 - Permalink
“It is clear that western central banks over time will be reducing their reserves and China and other Asian countries will be increasing,” David Marsh, managing director at the Official Monetary and Financial Institutions Forum, said in a Sept. 11 interview in Beijing. “Gold will become more traded amongst central banks in the next 30 years because there are colossal imbalances in world gold holdings as a percentage of overall asset reserves.”