China gold imports gain 470%, more buying expected

Wednesday, November 9, 2011
By Paul Martin
08 November 2011

China’s imports of Gold from Hong Kong, leapfrogged by 470% in September as per data released by the Hong Kong government. Chinese imports from Hong Kong are considered a good indicator of overall Chinese demand since the Chinese government does not release official figures.

As per the data, gold imports rose to 56.9 tonnes in September against the average monthly imports of around 10 tonnes, a 470% increase. In the 3 month period of July-September, Chinese gold imports stood at around 140 tonnes against 120 tonnes in entire 2010!

The Rest…HERE

Leave a Reply

Support Revolution Radio

For a limited time only, your donation get you a special perk. Every $30.00 donation gets you a fancy "say no to Government Hat". Every $20.00 donation gets you the same, but on a wonderful coffee mug. Just click the button below and give till it hurts...