Monday, January 14, 2013

KWN Sunday Gold Chart Special

"Nick Laird: “Net Imports for China via Hong Kong were 63 tonnes for the month of November - the fourth highest level ever seen. Total cumulative net imports since 2001 now stand at 1242 tonnes (note black line).


Continue reading the Part I of the Nick Laird piece below...
“The following chart shows total net imports at 462.75 tonnes for the 11 months of 2012.
 
Here's a bigger view combining China's domestic gold production plus it's net imports from Hong Kong. This shows the potential gold quantities held in China.
 
 


And here's the same view over 80 years showing the parabolic nature of China accumulating gold, especially since the year 2000.
 
 
Currently we see China being the world's #1 producer. China is importing gold via Hong Kong in ever increasing quantities and also aggressively accumulating foreign producing gold mines in an attempt to dramatically increase their gold reserves.”

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