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Platinoid
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Chinese gold demand and the World Gold Council’s estimates

- Alasdair Macleod - Finance and Eco.

Anybody buying Renminbi, Yuan?

May be the new gold ETF.....

If it is true about 2,500 metric tons are mined per year,
it is obvious from Macleod's article that China has become
a black-hole for gold....

It doesn't all have to go to China,

keep up that DCA......

Commented 3789 days ago

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Beginning of the headline :There is considerable disagreement about Chinese gold demand, with delivery figures on the Shanghai Gold Exchange and import/export figures for Hong Kong suggesting the real totals are far higher than those published by the World Gold Council and Thompson-Reuters GFMS. Recently Eric Sprott of Sprott Global Resource Investments Limited tackled this issue and wrote an open letter to the WGC pointing out that import/export figures show far higher levels of gold demand than the WGC's estimates for A... Read More

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