Besides USA, Switzerland, and after Switzerland, London
London is also not know for gold production
Hong Kong does not discriminate between newly mined gold, conflict, blood or otherwise, vs old looted gold
And so we take in all gold, as long as 9995 to 9999
http://seekingalpha.com/article/1736132-u-s-switzerland-export-largest-ever-amounts-of-gold-to-hong-kong-and-investors-should-take-note
U.S., Switzerland Export Largest Ever Amounts Of Gold To Hong Kong And Investors Should Take Note
Disclosure: I am long SGOL, GOLD, GG, SIVR, AG. (More...)
Chinese gold import data have just been released for August, and it shows that imports are still very strong. But what investors should really take note of is that imports into Hong Kong were close to 300 tonnes in August - which would put them on pace to suck up all of global mine supply.
(click to enlarge) 
Source: sharelynx.com
Net imports into the Chinese Mainland, after deducting flows from China into Hong Kong, were 110.5 tonnes, down slightly from the close to 120 tonnes a month earlier. Mainland buyers purchased 131.4 tons in the month, including scrap, compared with 129.2 tons in July, data today from the Hong Kong government show. In terms of year-over-year changes, Chinese mainland buyers purchased 53.5 tonnes last year, which means that gold purchases more than doubled - which is clearly shown in the chart above.
But what is really interesting is that Hong Kong imports of gold increased to 297 tonnes - which is the largest amount of gold imports on record as investors can see in the chart below.
(click to enlarge) 
Sent from my iPad |
