China could match U.S. gold reserves inside 10 years

``... we have been contacted by a Bloomberg research analyst, Andrew Cosgrove, who has, with his colleague Kenneth Hoffmann, been working on Chinese gold data, and who has come up with a somewhat similar conclusion.  In this case some specific figures have been developed in the research which do tie in well with Philip Klapwijk's assertion that China has taken some 300 tonnes of gold into reserves in the first half of the current year.... The Bloomberg data, which has been available on Bloomberg terminals since mid October, puts a more precise figure on this, suggesting that in the current year the PBOC will likely add some 620 tonnes into its gold reserves, and possibly even more next given the current lower gold price. ''