China Bought Gold With Proceeds From Record Sale Of US Treasurys; is Now Adding Monthly

``One month ago, we were proven correct when China indeed announced it had "added" another 19.3 tons of gold in July - even as it was dumping record amounts of Treasurys at the time as we previously reported. Then, overnight, we got a second confirmation when the PBOC announced that China's official gold holdings had risen again in August, increasing by 520,000 troy ounces, or 16.2 tons (which is more than 3 times the entire registered gold inventory in the Comex vault system), and bringing the new total to 54.5 million ounces''