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The Hoarding Continues: China Purchases A Record 100 Tons Of Gold In April From Hong Kong

The Hoarding Continues: China Purchases A Record 100 Tons Of Gold In April From Hong Kong

Submitted by Tyler Durden on 06/04/2012 15:47 -0400

A month ago we were delighted to counterpoint Charlie Munger's prior remarks about the level of "civilization" of a given consumer based on their sentiment vis-a-vis gold, by demonstrating that Chinese purchases of gold from Hong Kong rose to a record. To wit:

"Imports from Hong Kong were 135,529 kilograms (135.53 metric tons) between January and March, from 19,729 kilograms in the year-earlier period, according to data from the Census and Statistics Department of the Hong Kong government. Shipments in March rose 59 percent from February, yesterday's data showed."

Read more:The Hoarding Continues: China Purchases A Record 100 Tons Of Gold In April From Hong Kong



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China has signed areements with Japan

oil refinery in Saudi Arabia. They are getting more involved in every part of the world.

This hoarding gold story just confirms it for me they are looking to become the new world currency, backed by gold.

Surviving the killing fields of Minnesota

Todays brainwashing: GMO's are safe

They may be acquiring gold ahead of the opening,

this month, of their own precious metals exchange market. Hopefully this will end the LBMA manipulation game.

"China plans to open the Pan Asia Gold Exchange (PAGE) in June 2012. PAGE will feature a market-driven pricing system and offer both physical gold purchases, including distribution or storage, and derivative products based on physical gold."
http://moneymorning.com/2011/11/22/china-changing-global-gol...

here's the real link to zero hedge

http://www.zerohedge.com/news/hoarding-continues-china-purch...

This post by Charleston Voice just drives traffic to their site, that then links back to Zero-Hedge.
Nothing personal against the Charleston Voice, but its a Tyler Durden article and should be linked to his site.

good article.

I'd rather have a bottle in front o' me than a frontal lobotomy
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www.bijoustudio-atx.com

Gold is better in the hands of the people.

First of all it is safer than a central vault.

Second it promotes free markets.

Free includes debt-free!