G'day Skol. Did you research your 29% drop. Not to worry - most of the mainstream commentators quoting that number did not reasearch it as well. But I did.
Comment re above from Addison Wiggin
And what of China, the other emerging-market driver of gold demand?
China’s gold imports via Hong Kong — an imperfect measure, but it’s as transparent as the Chinese get about these things — fell 29% between July and August. But it’s the year-over-year trend that matters… and at 53.5 metric tons, it’s up 22%.
Another way to look at it: In the first eight months of this year, China has imported 512 metric tons of gold — more than the total for all of last year, 428