South China Morning Post/Wendy Mu/2-5-2017
“China’s gold imports from Switzerland soared at the end of last year when Beijing was struggling to defend the yuan and incoming US President Donald Trump was casting grave doubts about Sino-US economic ties. The Swiss Federal Customs Administration said in January that its gold bullion exports to China rose to 158 tonnes in December from 30.6 tonnes in November, according to GoldSeek.com, a website for gold investors.”
MK note: Contrary to reports towards the end of last year, flows through the London-Zurich-Hong Kong-Shanghai gold pipeline are strong and steady. This article tells why. . . . .
