Anonymous Coward
User ID: 56698010
 Argentina
06/25/2014 09:13 PM
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Report Copyright Violation | 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] |
Anonymous Coward (OP)
User ID: 56698010
Argentina
06/25/2014 09:14 PM
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Report Copyright Violation | 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. |
RESPONDENTX
User ID: 59274158
 United States
06/25/2014 09:19 PM
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Report Copyright Violation | Re: Epic Must Read Article: SHANGHAI gold EXCHANGE CHAIRMAN SAID CHINESE gold imports are 2X WHAT was reported by WORLD GOLD COUNCIL |
Anonymous Coward
User ID: 1277549
United States
06/25/2014 09:29 PM
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Report Copyright Violation | 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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Report Copyright Violation | 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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Report Copyright Violation | 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  of course it´s real gold. IT was imported from COMEX WAREHOUSES!  |
Anonymous Coward
User ID: 59642201
 Colombia
06/25/2014 11:14 PM
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Report Copyright Violation | 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? |
