director buying, page-46

The chart in the link below shows China has imported almost as much gold in the last 4 months as it did in 2011.

http://goldsilver.com/article/223-5-metric-tons-of-gold-imported-into-china-in-march/

"Reality is the risks to the gold price are to the downside with institutional investors not having any reason to buy gold at the moment"

Not all instos share that view;

http://www.investmentweek.co.uk/investment-week/news/2266059/investec-s-mundy-buys-physical-gold-for-first-time-after-selloff#ixzz2Sd4YKOeM

"Investec’s Alastair Mundy has moved a significant portion of his £2.5bn Cautious Managed fund into gold bullion for the first time following savage price falls for the precious metal.
Mundy, who has been reducing his exposure to equities after a variety of indices hit record highs, said he has put 5% of his portfolio into physical gold in the last few weeks, after the precious metal fell in price by more than 25%."