Comment: Chinese November Gold Imports Soar To 91 Tons

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Chinese November Gold Imports Soar To 91 Tons

[Is China using dollars to purchase these gold imports? What else would they be using?]

Chart Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons 1-10-13 [See chart at link.]

Regular readers are familiar with our monthly series showing the inexorable surge in Chinese gold imports. It is time for the November update, and it's a doozy: at 90.8 tons, this was the second highest gross import number of 2012, double the 47 tons imported in October (which many saw, incorrectly, as an indication of China's waning interest in the yellow metal), and brings the Year to Date total to a massive 720 tons of gold through November. If last year is any indication, the December total will be roughly the same amount, and will bring the total 2012 import amount to over 800 tons, double the 392.6 tons imported in 2011.
http://www.zerohedge.com/news/2013-01-10/chart-day-chinese-n...