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Koos Jansen: It's official -- China's gold demand in 2013 was 2,199 tonnes
10:54a CT Wednesday, October 22, 2014
Dear Friend of GATA and Gold:
The China Gold Association has confirmed that China's gold offtake in 2013 reached 2,200, Bullion Star market analyst and GATA consultant Koos Jansen reports today. That would constitute most of world gold mine production and the figure apparently does not include purchases by the People's Bank of China, which remain the most sensitive state secret.
"Why the Western media don't report on these numbers is a mystery," Jansen writes. "This data is not a secret. Yet the Chinese have been trying to hide it as much as possible and it looks like either they're being helped by Western institutions or these institutions are ignorant."
Of course there is still another explanation: that Western financial news organizations and the World Gold Council very much intend not to deal with this issue honestly, since doing so would impugn the whole Western financial system, built as it is on currency and commodity market rigging.
Jansen's report is headlined "China Gold Association: 2013 Gold Demand 2199 Tonnes" and it's posted at Bullion Star here:
https://www.bullionstar.com/blog/koos-jansen/china-gold-association-2013...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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