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Thread: Who buys gold ?

  1. #61
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    China-the secret gold market
    --------------------------------

    http://www.theepochtimes.com/n3/2232547-solving-the-secret-behind-the-chinese-gold-market-2/

    China clearly wants to impose its financial rules. That is why it
    buys so much gold. But they try to hide the real extent of gold
    buying.

    Estimates go for 15,500 metric tonnes for private hoarding and
    4,000 metric tonnes for official reserves of the central bank.
    PBOC keeps its purchases secret.

    How did so much gold go into China ? Mining is only part of the
    explanation. China is the world's main gold producer.
    In 2016 China imported 1,300 metric tonnes of gold.

    In 2011-2015 the reserves of LBMA decreased by 2,750 metric tonnes,
    with net export 1,000 metric tonnes. The difference probably
    went to China.

    My note: The golden rule: he who has the gold makes the rules.
    Last edited by ynot2k; 05-15-2017 at 09:09 PM. Reason: tinyurl changed to source link; noparse tags added

  2. #62

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    still doing my little part/ got a proof buffalo gold coin in box w/coa for $1318 today. first one of these for me and it really is a beautifully struck hefty coin.

  3. #63
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    Retail investors buy, hedge funds sell
    -----------------------------------------
    http://www.mining.com/silver-price-h...ors-part-ways/

    The managed money exited silver long positions at record pace.

  4. #64
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    Gold-rush fever is popping up again
    ----------------------------------------

    From Yukon to Patagonia outbreaks of gold-rush fever:

    http://www.mining.com/web/yukon-pata...rs-stir-sleep/

    Exploration is stepped up as gold reserves decline.

  5. #65
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    China to buy 15 % of the largest Russian gold mine
    Polyus for 887 $ million.

    https://www.ft.com/content/3b7d8c76-...8-9f8875b58892

  6. #66

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    Quote Originally Posted by oak333 View Post
    China to buy 15 % of the largest Russian gold mine
    Polyus for 887 $ million.

    https://www.ft.com/content/3b7d8c76-...8-9f8875b58892
    China has been in Russia's pocket since 2007. China is Russia #1 trade partner (go figure). China will tap Siberia for all it has, and Russia will sign for it , unless they get rid Putin and restore themselves.
    Major deal signed with China to explore gold deposits. ( from 2015)
    http://siberiantimes.com/business/investment/news/n0217-major-deal-signed-with-china-to-explore-gold-deposits/

    China is buying everything..... Now what do you think they are using to buy up "the everything",,,,, and how fast are they pushing to "seal the deal" on these contracts, before the great USD goes ,, Flat.
    Last edited by Mytal; 05-31-2017 at 08:24 PM.
    Live Well* Love Much* Laugh Often

  7. #67
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    Interesting gold charts
    --------------------------

    A few points:

    ---SGE (Shanghai Gold Exchange) withdrawals YTD Year-to-Date
    cca 772 metric tonnes

    ---Chindia (China + India) robust gold demand

    ---Comex inventories low

    https://www.bullionstar.com/blogs/gold-market-charts/gold-market-charts-may-2017/
    Last edited by ynot2k; 06-01-2017 at 04:28 PM. Reason: noparse tags

  8. #68
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    Gold demand is really robust, official or non-official.

    Official:
    Shandong, the biggest gold producer, buys 50 % of the Veladero gold
    mine in Argentina, from Barrick.
    http://www.mining.com/shandong-borro...ian-gold-mine/

    Non-official: gold smuggling is huge. Only from a jewelry in Bangladesh they
    confiscated cca 500 Kg. of gold:
    http://www.shanghaidaily.com/world/B.../shdaily.shtml

  9. #69
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    Gold imports in India surge four-fold from year ago.

    No comment.

    http://www.graceland-updates.com/ima...un6demand1.png

  10. #70
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    Gold buying festival. Just follow the news about this subject.
    It is big time buying gold in India.

    http://economictimes.indiatimes.com/...uying-festival

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