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China likely taking a third of outside gold production, Embry says

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Published : November 13th, 2012
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Category : GoldWire

 

 

 

 

Interviewed today by King World News, Sprott Asset Management's John Embry marvels at the pace of China's accumulation of gold -- not just the country's full domestic production, kept at home, but likely as much of a third of the annual gold production of the rest of the world. Where, Embry asks, is all the gold imported by China coming from? Likely in large part from Western central banks, a source that probably won't be able to supply much more. An excerpt from Embry's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2012/11/12_E...

 

 

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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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