welcome back to the kaiser report imax keyser time now to turn to sandeep jaitley of the katz a research dot com sandeep welcome back to the kaiser report thanks max big story of the past week i think is the fact that china officials have announced that they've gone from one point one thousand tonnes officially of gold reserves something like two point seven thousand tons it's a huge jump biggest jump we've seen in decades for any sovereign what your initial thoughts miners who thought so of the it's a good thing or this leak for them to be doing. i don't know what ends they have with the gold accumulation of the following sort of sensible leads for the people to telecast isn't it because that's a lot of gold we know that it's much more than the annual production of gold and we know in fact that it's more gold that was even on the open market to be sold by various institutions even the i.m.f. except when he had it all up they somehow managed to get more gold then there was available for purchase therefore there is only one conclusion states like the united states are selling china their