“And it didn’t just announce its gold accumulation last week. It also asked the International Monetary Fund to sell its entire 3,217 tons reserve, Kosares points out.
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The request, combined with the announcement on reserves, “is intended to deliver a message to the financial markets [that China] sees gold as an important part of the overall international monetary scheme — a scheme that may evolve to a system in time,” said Kosares. ”
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China wants to buy all 3200 tons of gold that the IMF holds – guess we better tell them that it has recently tripled in price …
