The Chinese have always been in love with gold. And this year especially China is taking several steps to rattle gold markets.
The country is currently lobbying to be including in the International Monetary Fund’s reserve currency and gold has a lot to do with that process. Estimates say China has amassed thousands of tons of gold reserves that could rival the United States in the future.
The country is also the world’s largest gold producer, and by 2013 has become the world’s biggest market for gold, according to the World Gold Council.
The Chinese gold market. World Gold Council
