Gold Demand By China Appears To Be Double Official WGC Figures

Peter's Commentary Koos Jansen has done a lot of research into gold demand┬áby China. He has found that both in 2013 and 2o14, that the amount listed as China's gold demand by the World Gold Council is approximately half the figures reported by China itself. And China is also probably under-reporting both its gold imports and its domestic production. From, Koos Jansen, March … [Read more...]

India Removes Restrictions On Gold Imports

Peter's Commentary The Indian Government's decision to remove gold restrictions is unlikely to change the near term bearish outlook for gold prices. From Kitco, Neil Christensen, November 28, 2014 On Friday, the Indian government removed its current 80:20 import rule, which said that 20% of all imported gold had to be mandatorily exported before any new shipments could be brought in. … [Read more...]