China’s 2013 Wholesale Gold Demand Came to 2,200 Tonnes

Writing for BullionStar.com, Koos Jansen said Tuesday that the China Gold Association has officially confirmed that in 2013 Chinese wholesale gold demand came to 2,200 tonnes. That’s “in contrast to what all Western consultancy firms and news outlets have been reporting.”

As quoted in the market news:

As you can read below in the translation from a Chinese press release about the China Gold Yearbook 2014, the CGA states Chinese wholesale gold demand in 2013 was 2,199 tonnes; bullion import 1507 tonnes, doré import from overseas mines 17 tonnes and domestically mined gold accounted for 428 tonnes. (scrap supply must have been 247 tonnes)

Click here to read the full BullionStar.com report.