China Finally Reveals How Much Gold It HasBy Joshua Krause Officially, they now have 1,658 tons of gold. The last time that number was updated in April of 2009, it stood at 1,054 tons, which is roughly a 60% increase, and places their gold haul above Russias. Thats pretty impressive, but it falls far short of what investors had expected. When they first announced that they were going to reveal their stockpile two months ago, the most conservative estimates placed their gold holdings at 3000 tons, or double what they recently reported. Due to the fact that China is the largest gold producer, and nearly the largest gold importer, their current numbers are dubious at best. As for why they may still be under reporting their gold reserves, they probably dont want to alarm the markets. They want to keep prices low so they can keep accumulating more, which given the amount of gold theyve officially bought, theyre obviously determined to keep buying. And since the price of gold and the value of the dollar have an inverse relationship, they want to keep gold low so that their massive dollar reserves stay valuable (which theyre still in the process of selling). At some point theyre going to use their gold reserves to challenge the supremacy of the dollar, but for now, theyre going to keep prices low while they hoard as much as they can. See how the Chinese are faking their economic data. Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshuas reports at Facebook or on his personal Twitter. Joshuas website is Strange Danger . China has a lot more than they are letting on. Fort Knox is empty. Thank you John. That is 1000% correct. Theyre lying. Honestly it is the metal of the sun but I dont know what aliens want with it. Humans dont need it. Its just jewelry like diamonds the stone of the sun. Get my drift. Somethings going on here. This metal and stone are plentiful on this planet. Manufactured scarcity to make more bucks..especially on Valentines Day for guys dumb enough for fall for that. electronics..pop open your phone look at the battery terminals in the phone they are gold..thats just an example 