How to interpret the range - 2,300 t is the disclosed, audi…
How to interpret the range
- 2,300 t is the disclosed, auditable figure and what most official datasets will show.
- ~5,000 t is an evidence-based inference, not an official disclosure. It relies on trade-flow forensics, WGC/IMF discrepancies, and industry sourcing; it’s credible but contested. A reasonable “band” for state holdings is 2,300–5,500 t.