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China gold imports literally off the charts

Record amount of precious metal moving through Shanghai exchange

(Daily Reckoning) “Setting a record” doesn’t begin to do the story justice.

The Hong Kong Census and Statistics Department is out with its monthly figures on China’s gold imports via Hong Kong. The Chinese government is notoriously secretive about its total imports, so the Hong Kong figures are the best we have to go on.

The March number is 223.5 metric tons — literally off the charts…

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