They do not export at all. Only to Hong Kong really.
An incredible 2000 tonnes of gold finds its way from underground and imports into China each year.
400tonne production and 1600 tonne imports.
Astonishing.
Thats from a world total 3000 tonnes.
They getting ready for the big play.
And Russia has been stocpiling at an incredible rate last 10 years also.
Not to mention India. Indias appetite for gold is voracious. 700 + tomnes per year. Mostly imported.
And ironically, They are the 3 top players in BRICS
