Posted by rahrens_1 on May 08th 2012 at 09:04 am
With the regular 9 o’clock wacking in gold currently taking place witha pullback to 1615 presently, it’s ironic to note that China imported 135 tons on gold in Q1 2012 vs 19 tons in Q1 2011, a 6 X increase. It should also be noted that 62 tons on this was in March so there would seem to be an accelerating increase happening.
Interesting that a month or two back Eric Sportt was talking about how Chinese imports had increased to 40 tons in Dec 2011 and that this couldn’t be sustained.
See link here.