As reported by Bloomberg and Reuters, China's physical gold import from Hong Kong went up to 90 tons in November 2012 as gold price dipped.
90 tons of gold is worth about USD$4.8billion at POG$1650.
China's US dollar reserve declined by USD$1.67billion in November 2012.
Swapping dollars for ounces in reserve account?
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- lower gold price? thank you very much.
lower gold price? thank you very much.
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