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“The West has been selling gold into a black hole. . . .”

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Published : March 16th, 2017
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Category : GoldWire

Solving the secret behind the Chinese gold market

Epoch Times/Valentin Scmid/3-13-2017

“Here, Jansen points out a peculiarity regarding Asian buying: ‘Asian demand is strong when the price goes down. Western demand is strong when the price goes up. In April 2013, the gold price collapsed and a lot of gold was exported from the West to China, mostly from the U.K.’”

MK note:  The quote in the headline is from Koos Jansen, the Dutch researcher/expert on Chinese gold demand. It sums up the end result of the London-Zurich-Hong Kong-Shanghai gold pipeline which has been in operation for a number of years and channeled about 16,000 tonnes of gold in toto from Western holders to China since 2000.  Most of the experts believe the black hole is likely to remain functional as long as the West can unearth or pry loose hard metal to feed it.  For those who are just now learning the dynamics of the gold market, this article deals with a key piece to the puzzle – China’s enduring interest in the yellow metal.  China, Jansen points out, doesn’t allow even one ounce of gold and silver to leave its shores once it enters.

Source : www.usagold.com
Data and Statistics for these countries : China | Georgia | Hong Kong | All
Gold and Silver Prices for these countries : China | Georgia | Hong Kong | All
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Michael J. Kosares is the founder of USAGOLD-Centennial Precious Metals, Inc., the author of "The ABCs of Gold Investing: How to Protect and Build Your Wealth with Gold", and numerous magazine and internet articles and essays. He is also writes a popular weekly Client Letter on the gold market. Mr. Kosares is frequently interviewed in the financial press and is well-known for his on-going commentary on the gold market and its economic, political and financial underpinnings. He has over 30 years experience in the gold business. USAGOLD-Centennial Precious Metals is one of the oldest and most prestigious gold firms serving private investors in the United States, Europe, Canada and Australia.
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