chinese gold buying up 6 fold!!

The more Western central banks pound gold down, the more China buys

Submitted by cpowell on Mon, 2011-11-07 19:47.
Section: Daily Dispatches

China's September Gold Imports Jump Sixfold

By Leslie Hook and Robert Cookson
Financial Times, London
Monday, November 7, 2011

http://www.ft.com/intl/cms/s/0/2dca01d8-093d-11e1-a20c-00144feabdc0.html

Chinese gold imports from Hong Kong, a proxy for the country's overall overseas buying, leapt to a record high in September, when monthly purchases matched almost half that for the whole of 2010.

I obtained the above excerpt from http://www.gata.org/node/10650 where the article continues.

My comments:

It seems the Western banksters just don't get it. They are terrified of gold. The more they use paper to manipulate lower the price of paper gold, the more cheap physical gold is purchased by Chinese investors and disappears from the West into China.

Physical buying demand of gold will ultimately take down the paper manipulations imo.