SPDR Gold Trust's gold inventory puts its holdings higher than those of all but five Central Banks (if one includes the IMF) - The U.S., Germany, the IMF, Italy and France. Notably the SPDR holding is now some 266 tonnes more than China's official holding of 1,054.1 tonnes, having passed the Chinese official figure in mid-March last year. Of course many believe Chinese reserves may be far higher with additional gold being held outside the officially reported figure.