gld inventory under 790 tons, page-50

Look guys, let's go back to the starting point of this thread:

GLD is losing gold, China is importing a lot of gold.

skol+timber+infose are saying gold price will crash etc and they seem to want gold price to crssh.
I say that will be fantastic: China will get more gold at cheaper prices.

So in the end everybody gets what they want and we are all very happy.

Juk posted news that China has granted two foreign banks gold import licenses so obviously more institutions can bring gold into China now. Please note the licenses are for IMPORTING gold into China not exporting gold out of China.

So if gold price goes lower and lower I say thank you very very much.

I look forward to the day when China announces that the Chinese central bank PBOC has increased gold reserve to over 8000tons.