There is Gold shortage to come very soon as all the Gold which has gone to the East will not be coming back. China is accumulating Gold with military state-level planning and devotion. The real numbers of 2,181 tons of Gold imported by China last year, Koos Jasen is talking about, are really groundbreaking and close to the world's annual production.
Testimony
Chair Janet L. Yellen
Semiannual Monetary Policy Report to the Congress
Unprecedented Total Chinese Gold Demand For 2013 Was 2,181 Tons TNR.v, MUX, GLD, GDX, RGLD
"Yesterday WSJ, Reuters and Bloomberg have created a lot of buzz in mass media about unprecedented Chinese Gold demand of over 1,000 tons in 2013. Koos Jansen reports that actual demand was almost double that and stands at 2,181 tons of Gold, excluding PBOC purchases! Koos Jansen makes the great work of the forensic investigation of the real Gold market in China and his work is highly recommended for all interested in the gold market.
Gold is trading higher today at high $1287 in Asia after breaching $1270 level. The Mother Of Short Squeeze has finally arrived in the Gold market and Janet Yellen testimony today will provide the catalyst."
Gold is trading higher today at high $1287 in Asia after breaching $1270 level. The Mother Of Short Squeeze has finally arrived in the Gold market and Janet Yellen testimony today will provide the catalyst."
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