Is that where all that gold going into China is coming from?


No. 1 Gold ETF Sees Biggest Monthly Outflow This Year in October

By Jan Harvey
Monday, November 3, 2014

LONDON -- The world's largest gold-backed exchange-traded fund, New York's SPDR Gold Shares, saw an outflow of over $1 billion of metal last month as investors lightened holdings in anticipation of a further price drop from current four-year lows.

Data from the GLD fund showed on Monday that its holdings slid to their lowest in six years after an outflow of 28.7 tonnes in October, their biggest of any month this year. ...

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