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Chinese gold-imports still soaring
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TOPIC: Chinese gold-imports still soaring
Chinese gold-imports still soaring 1 Year, 8 Months ago Karma: 263
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:

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China Imports Record Amount Of Gold In December On 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
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Last Edit: 2013/02/05 16:01 By Jeff Nielson.
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