Wednesday, July 23, 2014
   
Text Size

Search our Site or Google

Welcome, Guest
Please Login or Register.    Lost Password?

Chinese gold-imports still soaring
(1 viewing) (1) Guest
Gold & Silver Discussions
Go to bottomPage: 1
TOPIC: Chinese gold-imports still soaring
#21908
Chinese gold-imports still soaring 1 Year, 5 Months ago Karma: 261
Thanks to BigDad06 for passing along this link/news, since it managed to 'slip past me' (lol) with all the other things I've had on my plate in recent weeks.

Again, ZeroHedge is the source here, so kudos to them for keeping their calculators handy; and cranking out some total numbers for China's gold imports for 2012.

The bottom-line?

834 TONS of gold imported in China in 2012 (double the 2011 total)
114 TONS imported in December alone


...and if those numbers alone don't paint a clear enough picture, ZeroHedge puts it in picture form:


This image is hidden for guests. Please login or register to see it.



China Imports Record Amount Of Gold In December On Price Drop

http://www.zerohedge.com/news/2013-02-05/china-imports-record-amount-gold-december-price-drop

Back in December, as always happens every year for the past 3, a margin call driven liquidation wave pushed the price of the gold to multi-month lows, providing merely yet another lowball buying opportunity (for which let's all thank John Paulson, again). One buyer who certainly would love to thank whichever marginal seller was liquidating their gold, is none other than China, which as was reported a few hours ago, imported an all time record 114.4 tons of gold in the month of December, or more than all the gold held by the Greek central bank (assuming it hasn't been confiscated by ze Germans or the ECB...
Jeff Nielson
Admin
Posts: 13193
graph
User Offline Click here to see the profile of this user
Last Edit: 2013/02/05 16:01 By Jeff Nielson.
The administrator has disabled public write access.
 
Go to topPage: 1

Disclaimer:

BullionBullsCanada.com is not a registered investment advisor - Stock information is for educational purposes ONLY. Bullion Bulls Canada does not make "buy" or "sell" recommendations for any company. Rather, we seek to find and identify Canadian companies who we see as having good growth potential. It is up to individual investors to do their own "due diligence" or to consult with their financial advisor - to determine whether any particular company is a suitable investment for themselves.

Login Form