Tuesday , 25 June 2024

China Continues Buying Gold Like There Was No Tomorrow! Here Are the Impressive Numbers (+2K Views)

China continues to buy gold with both hands, keeping up all the gold they produce and importing even more! Imports were up 50% in October vs. the previous month; up 68% in November and up 74% in December. What will January bring given the continued weakness in the price of gold? Probably even more buying!

So reports Katchum (http://katchum.blogspot.ca) in paraphrased excerpts from his post* entitled December 2012 China Gold Imports Hit Record Level.
This post is presented compliments of  www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Katchum’s post includes the following chart:


I say: “Follow the money!”

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Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://katchum.blogspot.ca/2013/02/december-2012-china-gold-imports-hit.html (Written by Albert Sung; Subscribe to Katchum’s macro-economic blog. Sung is an accomplish pianist and composer as well as financial analyst. Listen to an assortment (24) of his classical compostions here.)

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Other Katchum Posts of Interest:

1. Katchum Comments on Gold, Silver & Recession


There are literally thousands of economic blogs out there and most don’t have much to offer. One exception is a blog by “Katchum” that is dedicated to monitoring breaking global economic news on a day to day basis and, as such, provides unique insights into, and analysis of, various aspects of the financial markets, commodities and the economies of the world. Below is his latest post. If you like it why not subscribe? Words: 642; Charts: 6

2. Get Out of the U.S. Dollar and Buy Physical Gold Before It’s Too Late – Here’s Why


Evidence suggests that the “Zero Hour Debt” line has been reached. Get out of the U.S. dollar [U.S. treasuries] and buy physical gold [or equities] before it’s too late. It  is the only way to protect yourself against a massive U.S. dollar devaluation to come in the next few months. [Let me explain why that is the case.] Words: 719; Charts: 5

3. Here’s An Easy Way to Identify Gold & Gold Miner Market Tops and Bottoms


It’s amazing! Every day I learn something new. I have just come across a very powerful tool that identifies market tops and bottoms in both the gold price and the gold mining industry valuation. Let me share it with you. Words: 352; Charts: 4

4. 7 Indications That Gold & Silver Bearishness Most Likely Will Continue


This article looks at 7 reasons why gold and silver should experience further weakness over the days/weeks ahead. (Words: 206; Charts: 5)

5. These 5 Trends Suggest It Is Time to Short Bonds NOW!


As the fiscal cliff is nearing with the end of 2012 in sight and total public debt approaching the debt limit of $16.4 trillion, investors need to seriously start worrying about the U.S. bond market. [Below are 5 trends that support that view.] Words: 599

6. Diamonds: The Best Stock to Take Advantage of Coming MUCH Higher Prices Is…


Everyone is talking about gold and silver these days, but nobody talks about diamonds. Let’s have a little peek inside this sector [and how to take full advantage of expected developments.] Words: 437

7. Foreigners Beware: U.S. Treasury Maturity Dates are Alarming


While many investors want to believe that U.S. treasuries are a safe haven, I will use this article to debunk that myth with plain hard evidence…[to support my contention that] holding U.S. bonds is the worst investment going forward. Words: 500

8. Gold Reserves: Who Are the 10 Biggest Owners – and How Soon Might China Become #1?

China currently is a distant 5th behind the U.S. in the extent of gold reserves it currently owns but gives every indication that it is intent on adding more. How long might it take for China to be number one in gold reserves?