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Scotiabank confirms Jansen: China gold demand far greater than World Gold Council says
9:53a ET Saturday, October 4, 2014
Dear Friend of GATA and gold:
Gold researcher and GATA consultant Koos Jansen details today how a gold market analyst for Scotiabank has confirmed Jansen's interpretation of Chinese gold demand and the workings of the Shanghai Gold Exchange, concluding that Chinese demand is far greater than reported by the World Gold Council, and, crucially, that the People's Bank of China obtains its gold through other means, not through the exchange, signifying that Chinese demand is higher still.
Jansen's commentary is headlined "Confirmation PBOC Doesn't Purchase Gold Through SGE" and it's posted at Bullion Star here:
https://www.bullionstar.com/article/confirmation%20pboc%20doesnt%20purch...
The Scotiabank report is here:
http://gata.org/files/ScotiabankChinaGoldReport092914.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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