100 grams Goldbar People's Bank of China

100 grams goldbaar People's Bank of China

China’s official gold reserves are owned by the People’s Republic of China (PRC) and held and managed by the People’s Bank of China (PBoC). Although the PBoC was founded in 1948, it did not become the central bank of the People’s Republic of China (PRC) until 1983 when the PRC State Council granted the PBoC the functions of a central bank.

The People’s Bank of China issued its first Panda Gold Coin in 1982. It has since joined the American Eagle, Canadian Maple Leaf, South African Krugerrand and Australian Gold Nugget as one of the top five bullion coins in the world for investment. As an official currency, it is has face value in China, as does the Silver Panda which was first issued in 1989. These Chinese bullion coins come in weights of 1 ounce, ½ ounce, ¼ ounce, 1/10 ounce and 1/20 ounce with fineness in both gold and silver at .999. They depict the Beijing Temple of Heaven on the front and a playful panda bear on the back. The designs change each year but the craftsmanship does not, and both elements of the product are, without argument, of absolute superb quality. They are unique and treasured as collectibles and investment products.

Through it’s central bank, the People’s Republic of China holds the world’s 6th largest central bank gold holdings, with over 1800 tonnes of gold held in its official reserves of the People’s Bank of China. These gold reserves holdings are notable for having quadrupled since the early 2000s amid much secrecy.

The gold bars of the People’s Bank of China are struck in 99.99% fine gold (24 Carat). All gold bars produced by the People’s Bank of China are minted in fine gold. These gold bars can be traded worldwide without any further analysis because they are LBMA-accredited.