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China’s Gold Rush Continues, Imports Another 131 Tonnes In October

China’s Gold Rush Continues, Imports Another 131 Tonnes In October

The latest statistics show that China imported another 131 tonnes of physical gold in October through Hong Kong. The year to date net gold imports from Hong Kong to China total 967 tonnes. That is an astonishing amount of gold. To put this figure in perspective, one should note that the global production in 2012 was close to 2500 tonnes and that the US (having the highest gold reserves in the world) has a bit more than 8000 tonnes of gold reserves.

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The (Mis)Calculation Of Chinese Gold Demand

The (Mis)Calculation Of Chinese Gold Demand

According to Alasdair Macleod, it appears that the WGC’s figures substantially understate the true position. Furthermore, any analysis of gold demand will fail to account for the increase in gold ownership not constrained by national boundaries.

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With India’s Market Interventions, Thailand’s Gold Demand Is Up 125%

With India’s Market Interventions, Thailand’s Gold Demand Is Up 125%

The article in The Economist explains that the Indian insatiable demand for gold has resulted in a surge in gold smuggling. Customs officials at airports in India, Nepal and Bangladesh seem to report a spike in gold originating from other Asian countries like Abu Dhabi, Bahrain and Dubai. According to the article, “the effects of India’s attempts to curb gold imports are most widely felt in Thailand.”

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Palladium And Platinum Faced With Large Supply Shortage

Palladium And Platinum Faced With Large Supply Shortage

What’s important to recognize as a potential investor is that the deficit for both metals isn’t letting up, especially for platinum. Overall, platinum demand is expected to be greater than ever before, reaching a record 8.42 million ounces this year. And this while supply continues to decline.

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Jim Sinclair Dedicated To Realize “Free Gold”

Jim Sinclair Dedicated To Realize “Free Gold”

Jim Sinclair explains that gold price setting is too dependent on the paper market, to such an extent that it has continued to live as the means of manipulating the paper price of gold. What is “Free Gold.” It is the decoupling of the gold paper market influences on the gold price setting, or in other words freeing physical gold from price slavery to paper gold. The mechanism he describes is through the present time deletion of future exchange warehouse supply. He describes in this piece how he is planning to achieve his target.

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China Imported An Additional 133 Tonnes Of Gold Directly in 2013

China Imported An Additional 133 Tonnes Of Gold Directly in 2013

Today’s news from Reuters shows that things are “complicated.” Over the course of this year, China would have imported an additional 133 tonnes directly, i.e. not through Hong Kong. This figure is a calculation based on top 20 gold exporters in the world.

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New Gold Vaults Are Housing The Massive Asian Inflows of Gold

New Gold Vaults Are Housing The Massive Asian Inflows of Gold

In the latest edition of Sprott’s Thoughts, strategist David Franklin explains how gold vaults is a booming business in Asia.Recent data show that significant amounts of physical gold have been liquidated from gold ETF’s (sitting in London and Swiss vaults), melted down mainly by Swiss refineries and sent to the East. Once arrived, the gold should get a home. Based on several events in the past couple of weeks, it appears that new Asian facilities will be housing the physical gold.

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Silver – Major Advances In Industrial Applications

Silver – Major Advances In Industrial Applications

In the latest Silver Institute newsletter, several advances have been reported when it comes to applications of silver in industry. In particular, the industrial applications are in the field of photography, bio-batteries, clean energy and energy.

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China Imports 0.7% Less Gold Than August, Bloombergs Says Slowdown

China Imports 0.7% Less Gold Than August, Bloombergs Says Slowdown

Net imports, after deducting flows from China into Hong Kong, were 109.4 metric tons in September, from 110.2 tons a month earlier. It is astonishing that Bloomberg reads a “slowdown” in these data. The facts are that, since the year 2000, only two months saw significantly higher imports than September, i.e. March and July of this year.

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US Mint About To Trigger A Temporary Silver Supply Shortage?

US Mint About To Trigger A Temporary Silver Supply Shortage?

Silver Eagle Coin cupboards appear to be low currently. It appears as well that high volume silver dealers have limited inventory of 2013 U.S. Mint Silver Eagle coins. The expectations from GoldSilver.com are that “the upcoming 35 day silver eagle coin hiatus will most likely produce a shortage of the world’s most popular silver bullion investment vehicle and thus… produce a growing shortage of other silver bullion products as a consequence.”

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Placeholder Gold vs Physical Gold – Spot The Massive Disparity

Placeholder Gold vs Physical Gold – Spot The Massive Disparity

The following is an excerpt from Grant Williams his latest report, in particular his analysis on the gold market: East vs West, physical gold vs “placeholder” gold. A massive disparity in appetite for “placeholder gold” is just one side of the coin, however; and India is just one of the Eastern countries that has been soaking up copious amounts of physical gold in recent months.

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Gold Demand – The Greatest Misunderstanding In The Gold Sector

Gold Demand – The Greatest Misunderstanding In The Gold Sector

The demand for physical gold has been driven mainly by the East; Western large investors have been selling gold signaled by the mass exodus from the GLD ETF. Besides, newly mined production only accounts for some 2% of total above-the-ground gold. The new production is low compared to a very high stock; the technical term for this is “stock to flow ratio.” Precious metals are unique commodities from the point of view that they have a very high stock compared to their flow. Gold demand and gold production are no primary drivers of the gold price. Gold demand merely points to a shift in gold ownership from one hand (read: hemisphere ) to another.

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World Gold Council Reports Significant Error In China’s Gold Holdings

World Gold Council Reports Significant Error In China’s Gold Holdings

On Thursday this week, the World Gold Council published their monthly update on official gold holdings. As noted by ourselves, and confirmed by Zerohedge, the official holdings from China have not changed despite their massive gold imports in 2013. The first 8 months of this year saw 3/4th imports of the supposedly total holdings, which is significantly incorrect.

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China Says “This Is US’ Responsibility,” Imports Another 131 Tonnes Of Gold

China Says “This Is US’ Responsibility,” Imports Another 131 Tonnes Of Gold

China warns: “We ask that the United States earnestly takes steps to resolve in a timely way before Oct. 17 the political (issues) around the debt ceiling and prevent a U.S. debt default to ensure safety of Chinese investments in the United States and the global economic recovery.” Meantime, net gold flows into China hit 110.505 tonnes in August, compared with 116.385 tonnes in July.

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