Why Are The Chinese Buying Record Quantities Of Gold, And Who In China Is Purchasing All This Gold?

Gold is a source which can produce electricity in the technology of celestials …

That’s why it was reported some time ago HERE that there was fake gold in  Fort Knox … it was not fake … it had just been used up from the inside out leaving only a hull of it’s true gold element …

Why Are The Chinese Buying Record Quantities Of Gold, And Who In China Is Purchasing All This Gold?

HERE Wednesday, February 01, 2012

The Chinese do nothing by accident. They also work off of 30 yer economic outlooks, not day to day like other countries. The Chinese work a long term financial plan. So you have to ask yourself “Why are they buying so much Gold?

This month, the Hong Kong Census and Statistics Department reported that China imported 102,779 kilograms of gold from Hong Kong in November, an increase from October’s 86,299 kilograms.  Beijing does not release gold trade figures, so for this and other reasons the Hong Kong numbers are considered the best indication of China’s gold imports.

Analysts believe China bought as much as 490 tons of gold in 2011, double the estimated 245 tons in 2010.  “The thing that’s caught people’s minds is the massive increase in Chinese buying,” remarked Ross Norman of Sharps Pixley, a London gold brokerage, this month.

So who in China is buying all this gold? Full report HERE