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Why China doesn’t need to be buying up Gold

Posted by goldielocks @ 4:42 on August 5, 2026  

Silver or rare earths. Hint hint Australia and Canada. China is currently the largest producer of Gold.

 

  • China: Produces about 380 metric tons per year, controlled largely by state-owned companies like Zijin Mining and China Gold International Resources.
  • Russia: Ranks second with an output of around 310 to 330 metric tons annually.
  • Australia: Ranks third, producing roughly 290 to 310 metric tons per year.
  • Canada: Produces about 200 metric tons annually, largely from Ontario and Québec.
  • United States: Produces around 160 metric tons annually, mostly out of Nevada and Alaska. [1, 2, 3]

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.