Thursday

China is Importing Over 100 Tons of Gold Per Month

What is China doing? Now, we have one data point on China and one only, and that’s exports from Hong Kong into mainland China. But I can assure you there are exports (of gold) from places different than Hong Kong, into China, but we don’t get to see the numbers.

So I can imagine (the immense) gold flows from Geneva to Shanghai, or London to Beijing, or New York to Shanghai, but the Chinese don’t publish that data. But the data (which is published) shows that China is (now) importing over 100 tons (of gold) each month.

- Eric Sprott via King World News, see the full interview here: