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Category Archive for: ‘Gold Price – China’

China’s Gold Market Dominance

Wednesday April 16, 2014, The World Gold Council (WGC) confirmed in February that 2013 saw China replace India as the world’s largest consumer of gold. For many gold market watchers, that announcement raised the question of how China came to take that position — and, more importantly, if it will be able to keep it. This week, the WGC came …

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China opens additional gold import point in Beijing

China allows gold imports via Beijing, sources say, amid reserves buying talk * Beijing is 3rd mainland gold import point, after Shenzhen & Shanghai * China’s gold imports from Hong Kong surged to $53 bln in 2013 * China’s central bank has been adding to official gold reserves – WGC SINGAPORE, April 21  – China has begun allowing gold imports …

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Chinese Gold Demand 418 Tonnes YTD, West Confused

Chinese Gold Demand 418 Tonnes YTD, West Confused Another week (24-02-2014/28-02-2014), another 49 mt of Chinese gold demand in the form of withdrawals from the Shanghai Gold Exchange vaults. Withdrawals year to date account for 418 mt. This brings February Chinese gold demand to 172 mt, down 30 % from an all-time 246 mt record in January. Let’s not talk …

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China shadow banking system grinds to a halt

China shadow banking system grinds to a halt Markets hold breath as China’s shadow banking grinds to a halt Fresh loans in China’s shadow banking system evaporated to almost nothing from $160bn in January A slew of shockingly weak data from China and Japan has led to a sharp sell-off in Asian stock markets and the biggest one-day crash in …

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Transcript of AFE’s interview with Jim Rickards on Feb. 11, 2014

Transcript of AFE’s interview with Jim Rickards on Feb 11, 2014. We are pleased to release the latest podcast with Jim Rickards. In this podcast recorded Feb. 11, 2014, Jim Rickards covers bail-ins, future market closures, a detailed look at the new Fed Chairman Janet Yellen, the Fed playbook, and what to look for ahead in terms of QE. Also …

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China’s stance on FOREX

This is a long but in depth read on China’s stance re FOREX reserves and what we may see China doing moving forward. PBOC Deputy Governor and SAFE administrator Yi Gang interview: (Beijing) — China’s foreign exchange reserves reached an extraordinary US$ 3.66 trillion as of October 1, up from about US$ 2 trillion in July 2009 when People’s Bank …

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Gold Trade Numbers 2013 Broke All Records

Great article by Koos Jansen re the massive amounts of gold being imported into China. We consider his data to be more accurate than WGC or CPM Group. Gold Trade Numbers 2013 Broke All Records In 2013 the we’ve experienced what kind of extreme buying power China is able to unleash on the physical gold market. Chinese wholesale demand in …

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China is beginning to realize the consequences of the US Currency devaluation

Gold Price – China – China is beginning to realize the consequences of the US devaluation of its own Currency Years ago AFE’s Alex Stanczyk said: Eventually China will get fed up with the US devaluation of its forex warchest. Taken from China Daily: Testing times for China’s foreign exchange reserves China’s foreign exchange reserves, the largest in the world, reached …

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Gold Price – China – The Chinese Gold & Silver Exchange Society aims physical bullion trading exchange

Gold Price – China – The Chinese Gold & Silver Exchange Society aims to build physical bullion trading exchange Chinese Gold & Silver Exchange Society (CGSE), based in Hong Kong looking to build 1500 ton Gold vault in mainland. Taken from Business Recorder: Hong Kong gold exchange eyes 1,500-tonne warehouse in mainland China The Chinese Gold & Silver Exchange Society …

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Transcript of AFE’s interview with Jim Rickards on Dec. 17th 2013

Transcript of AFE’s interview with Jim Rickards on Dec. 17th 2013. Dear friend and client of Anglo Far-East, We are pleased to release an exciting audio interview with James G. Rickards, New York Times best selling author, Senior Partner of Tangent Capital, and advisor to the Physical Gold Fund. In this interview Jim covers the Fed’s tapering, how negative interest …

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