where is the savage depression the predicted, page-72

Skol, with pleasure:

In 2009, China announced that it boosted its gold reserves by 454 tonnes via acquiring gold quietly over the previous five years. It represented an impressive 76% increase in gold reserves. Today, China is estimated by gold analysts to have around 2,000-3,000 tonnes of gold reserves. Meanwhile, consumer demand for gold in China exceeded expectations and set a new record of 1,065.8 tonnes in 2013, topping India's 974.8 tonnes.

http://www.usatoday.com/story/money/business/2014/03/22/wall-st-cheat-sheet-nations-gold/6709493/

(And before you become pedantic, refer to my previous post on the subject in which I mentioned that countries such as china continue to buy, esp because that was their last stated position....as buyers)