China is on a massive gold buying spree

Not only who’s buying it, but who’s selling it? It’s likely the United States.

Video at the source.

 

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China’s government doesn’t share exact figures, but the vast majority of gold heading into mainland China passes through Hong Kong, which does make its records public.

Gold imports to China have surged over 700% since 2010, according to the latest data from Hong Kong. Continue reading