China Mainland Gold Import Accelerating!

• China Mainland Gold Import Accelerating! 
  by Koos Jansen, http://www.ingoldwetrust.ch/
  This week the the Hong Kong Census and Statistics Department officially released their trade numbers from October. Whilst they offer specific numbers in advance to anybody willing to pay, I rather wait for the total booklet to be published free of charge.
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  Most significant is the amount of gold net exported to the mainland, up 21 tons from 109 tons in September to 130.2 tons in October, + 19 % m/m, +446 % y/y, just shy of the all time record of 130.3 tons in March. Reinforcing an upward trend that started in 2011. Year to date Hong Kong net gold export to the mainland stands at 957 tons, + 200 % relative to the same period in 2012.
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  The main source for Hong Kong’s gold is still Switzerland. Hong kong net gold import from Switzerland in October was 85 tons, down from 99 tons in September, – 14 % m/m. Year to date total net import from the Swiss stands at a massive 782 tons.
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  read more!

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