Gold Flows East – India and China Import Massive Quantities of Bullion from Switzerland
– Singapore, India and China continue to import staggering volumes of gold from the West
– U.K. exports of bullion to Switzerland increase 6 fold to a very large 97 tonnes
– Gold exports from Switzerland to both China and India doubled in March
– Shanghai Gold Exchange (SGE) becoming most important centre for physical gold trade
” – LBMA says London gold trade will not move to exchange”
– Gold price languishes at all time inflation adjusted lows despite robust demand …
” – Gold will protect Asian peasants and western middle classes …”
