According to the latest figures from the People’s Bank of China, it stopped adding to its gold reserves in October, after reporting additions to them month-by-month for the previous 10 months albeit at a seemingly diminishing rate of accumulation. That leaves its overall gold reserves, as reported to the IMF, of just under 1,950 tonnes, but one somehow doubts this represents the true picture. Whether the apparent hiatus in reporting purchases is genuine, or just represents a return to the bad old days when China would announce zero increases in its gold reserve but, all the while, was building them and would report ... (full story)