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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