China becomes the third largest holder of gold
Victoria Hewitt-Marsh, News Editor
13 Jan 2014, 12:53 p.m.
According to a Bloomberg Industries report China has over taken France and Italy to become the world’s third largest holder of gold. With 8,133.5 tonnes the US still has the World’s largest gold reserves. China’s holding have increased to 2,710 metric tonnes up from 1,054 tonnes in 2009, according to the World Gold Council. Last year china is reported to have added 622 tonnes.