Hard to tell with China since from what I've read, they tend to only declare what they want to declare, and who knows what is really going on or how much gold they really have and import. But to take this idea and broaden it, 'apparently' (again, who knows), central banks across the world last year bought the most gold in one year since 1964. http://www.bloomberg.com/news/2013-...banks-buying-most-since-1964-commodities.html So it's not just China -- and perhaps there is a planned black swan event by TPTB (now there's an oxymoron; 'planned black swan event').
^ + 1 For Black Swan! China ( the savers of the world ) are just getting warmed up with Gold. They want all the gold that's for sure. And there are so many of them with power to influence many more.
it's the sudden acceleration that makes me wonder. that was in march. and these numbers are the lowball figures.
But we have no way of knowing if that is real 'sudden acceleration'; or just a change in reporting; an adjustment they made; China pulling a fast one ... Not that I'm specifically disagreeing, only that it might be hard to get to the real facts in this example.
Wait..... Are you saying we CAN'T trust all the facts and statistics published by all the governments and agencies around the world??? ..... What are we to do!! *note, I don't think there is an emoticon available that is suitable for 'true panic'*
^^^^^ ?????? do you mean the "we found a way to tax the air you breathe" thread? No. This is about the Chinese buying gold like there's no tomorrow.
Normalcy bias has caused millions of people to die and have their lives ruined unnecessarily. People need to know about this condition!
There's also the Doomacy Bias, where all information is interpreted as imminent doom. I do believe the end is creeping closer.. but it could still be many years away. I see a lot of Normalcy Bias in home buyers. While bubbles have popped elsewhere in the world.. "Australia is different".
Since end november 2012 the Comex gold stock dropped 105 tonnes. Since end november 2012 the GLD gold stock dropped 160 tonnes. In the case of the former, I don't know if this is newly produced gold. Everything indicates that the Comex stock is just a close to the market held commodity stock. Gold of whose owners plan to sell it in a foreseeable future. It could be newly produced gold of whose owners are waiting for a higher price to sell. Or gold that was bought as a futures contract. But in case of GLD, it is just a shift on the demand side. For the price, it doesn't matter whether Johnny holds the gold, or Joe holds the gold. A demand side shift doesnt move the price. Because it doesnt change the total demand / the total supply. It would be different if GLD didnt sell 160 tonnes and others bought 160 tonnes more.
