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Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL

 
Strongman Shelford
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User ID: 56698010
Argentina
06/25/2014 09:13 PM
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Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL
QUICK SUMMARY by OP:

A big fish from China in a
goldtard event claim that CHina imported 2000 metric tons OF GOLD IN 2013. He is the Chairman of Shanghai Gold Exchange.
World Gold Council provides with the "best" statistics about gold and silver market.
All of these comes under even greater scrutinity with this high official statements.







I just received a very interesting email from Torgny Persson, chief executive officer of BullionStar.com, who is attending the LBMA forum in Singapore today.

Dear Koos,

Following up on our brief discussion before, I’ve continued to follow your excellent blog and have some breaking news for you. I’m writing to you from the lunch break at the LBMA forum in Singapore today.

Among the speakers were Xu Luode, Chairman of the Shanghai Gold Exchange, and Zhou Ming, General Manager of the precious metals department for ICBC.

Mr. Xu started his speech by referring to the official figure of demand for the Chinese gold market 1189 tons, as published by WGC, but mentioned twice that the figure for consumption is likely higher. Later in the speech Mr. Xu mentioned and I quote the official translation in the headphones “..as the Chinese consumption demand of gold hit 2000 tons in 2013”. There you have it. The chairman himself said it out straight.


MORE:






source:


[link to www.ingoldwetrust.ch]

Last Edited by Strongman Shelford on 06/25/2014 09:13 PM
Strongman is back. Economic disinfo won´t be tolerated.
Opinions from the latin bank analyst who has already been in hyperinflation, bank meltdown, BANk runs... and economic SHTF ...several times.
Founder of www.silvertardsweride.com
Strongman Shelford (OP)

User ID: 56698010
Argentina
06/25/2014 09:14 PM
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Re: Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL
Mods, I strongly suggest and recommend a pin for GLP goldtards.

This is a game-changer event for gold statistics.
Strongman is back. Economic disinfo won´t be tolerated.
Opinions from the latin bank analyst who has already been in hyperinflation, bank meltdown, BANk runs... and economic SHTF ...several times.
Founder of www.silvertardsweride.com
RESPONDENTX

User ID: 59274158
United States
06/25/2014 09:19 PM

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Re: Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL
bump
Anonymous Coward
User ID: 1277549
United States
06/25/2014 09:29 PM
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Re: Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL
Good find, OP.

Doesn't get much more clearly stated than that.
Anonymous Coward
User ID: 58599708
United States
06/25/2014 09:39 PM
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Re: Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL
Did anyone ask them if they have 100% gold and not gold plated tungsten?
Anonymous Coward (OP)
User ID: 56698010
Argentina
06/25/2014 11:04 PM
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Re: Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL
Did anyone ask them if they have 100% gold and not gold plated tungsten?
 Quoting: Anonymous Coward 58599708


eyeroll2

of course it´s real gold. IT was imported from COMEX WAREHOUSES!
lmao
Anonymous Coward
User ID: 59642201
Colombia
06/25/2014 11:14 PM
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Re: Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL
Didnt Argentina fall apart?

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