Author Topic: China Daily... "Nation's demand for gold to keep rising"  (Read 848 times)

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Offline Birdman

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China Daily... "Nation's demand for gold to keep rising"
« on: June 04, 2011, 12:26:48 PM »
It is interesting to think about some of these statistics.  Sizable amounts of gold need to keep flowing into China to satisfy internal demand...

"The Chinese government does not publish official statistics on gold imports but the World Gold Council said the country produced 340 tonnes in 2010.

Last year, total consumption was about 700 tonnes, leaving a gap of around 300 tonnes made up either by imports or sales of existing stocks. "

http://www.chinadaily.com.cn/cndy/2011-05/28/content_12596103.htm