China Gold Imports from Hong Kong Rising Along


While the physical gold outflows of the ETF's of GLD continue (Chart 1) and those from the COMEX stay flat (Chart 2) (because they can't afford to lose anymore physical gold), all this physical gold is bought by Asia as net imports and gross imports rose to record highs (Charts 3, 4, 5).







Chart 1: GLD Outflows







Chart 2: COMEX Gold Outflows (blue)







Chart 3: China Gross Gold Imports






Chart 4: China Net Gold Imports






Chart 5: Ratio Net to Gross gold imports


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