| Gold may be slumbering, but when it awakens, watch out. I remain confident on gold’s future prospects thanks largely to China, the world’s No. 1 gold buyer. In October China bought a near-record 130 tons. In the first ten months of 2013 China bought more than 950 tons, making a 1,150 ton tally likely this year, far above past gold-buying records for any country, including gold-crazy India.
Remember, that covers only readily trackable gold passing through Hong Kong. China almost certainly imports still more through other conduits...............................................Full Article: Source
|