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Some experts predicted that China would continue to be largest buyer of gold in last month. Guess what? It's true.

?Emergence of Chinese currency Yuan is directly interconnected with China's ambitions to become leading global leader. To be in U.S.Dollar or European Union's Euro league is ambition of Bank of China. The People's Bank of China has given every indication that China wants the Yuan to be considered on level with the U.S. dollar and the euro. Where China is lagging behind is lesser gold reserve in comparison to both the U.S. and Europe has. So Chinese are in damage control mood. They are hell bent on buying the gold. ?If expanding the use of the Yuan was its goal then we can safely say that it's their safe bet. Chinese Government has been piling up their gold bullion to back their currency Yuan. China's currency is poised for a chandals joma bigger role on the global stage as China's economy continues to grow at breakneck pace

?China is not only dependant on buying gold also they have taking other measures too.??? China is not only counting on their internal sources to pile up their gold stocks but also they are all come out to buy gold in world market. ?Of the roughly 2,800 tonnes of gold bullion supplied to the world in 2011 (source: World Gold Council), it is assumed that China is on the hunt for most of it, to back the Yuan. ?In 2009, China purchased four tonnes of gold bullion from Hong Kong. In 2011, China imported 46 tonnes of gold bullion from the chandals joma small chandals joma island nation. That's an 11-fold increase!! Hong Kong has free economy with all the transparent stats. If Hong Kong is any indication of China's desire to own gold bullion to back the Yuan, then the buying binge is extreme. China always used this clever tactics to surprise rest of the world.