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AAAU - Debunking Reuters' Story 'PBoC Blocked 300-500t Gold Import In 2019'
Goldman Sachs Physical Gold ETF
From analyzing SGE premiums, the gold price and cultural trends, my conclusion is that the PBoC did not block 300-500 tonnes of gold from being imported in 2019, as was reported by Reuters.
In August 2019, an article by Reuters - stating the Chinese central bank was firmly cutting off gold supply in the mainland - caused a great stir in the gold community. Unfortunately, many people plainly accepted the story, although it was highly misleading. In today's article, we will analyze Reuters' claims and make sure to eliminate any confusion of what happened in