Quote from article LONDONTurkey lifted its gold reserves by a hefty 1.328 million troy ounces, or 30%, last month as central banks around the world maintained their positions as net buyers of the precious metal. According to data from the International Monetary Fund, the Turkish central bank increased its gold reserves to 5.758 million ounces in November, from 4.429 million ounces the month prior. This followed a rise of 697,000 ounces in October, the latest IMF figures show. http://online.wsj.com/article/SB100...p_LEFTWhatsNewsCollection#articleTabs=article Also Why are the Chinese buying so much gold The best explanation is that individuals in China are using gold as a substitute for capital flight. http://www.forbes.com/sites/gordonc...the-chinese-buying-record-quantities-of-gold/
