Reviewing international trade data, gold researcher Koos Jansen writes today that the gold price can go down when China is importing it but goes up when the West is importing it instead of exporting it. "China was able to buy the tonnages they did because of the willingness of the West to supply the metal," Jansen writes, adding: "Exactly who in the West was so eager to supply the metal is another story."
Maybe that's GATA's story, a story Western central banks refuse to tell.
Jansen's analysis is headlined "The Gold Price and Global Flows -- the UK Net Imported 152 Tonnes in June" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/koos-jansen...-and-global-...
