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Koos Jansen: West-to-East gold exodus in full swing

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Published : March 31st, 2014
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Category : GoldWire

China gold market researcher and GATA consultant Koos Jansen reports today that Chinese gold demand, as measured by offtake from the Shanghai gold exchange, "remains extraordinarily robust," with 523 tonnes removed through the first 2 1/2 months of the year, which would pretty much speak for the entirety of world gold production during that time. Jansen's commentary is headlined "West-to-East Gold Exodus in Full Swing" and it's posted at his Internet site, In Gold We Trust, here:

http://www.ingoldwetrust.ch/west-to-east-gold...s-in-full-swing

Meanwhile Bloomberg News tries to spin the China gold story in the opposite direction, reporting "Shanghai Gold Cheapest to London Since 2012 on Weak Demand," though in fact Bloomberg doesn't report any actual demand figures at all, instead just making some price comparisons:

http://www.bloomberg.com/news/2014-03-31/s...est-to-londo...

Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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