Weekly Chinese Gold Demand Transcends Global Mining Production, Again.
All over the media we have seen extreme gold shopping sprees around new year and at the Lunar year in China.
This resulted in an all time Chinese gold demand record in January – which accounted for 246 tons.
It seems the Chinese are in a state to buy all the physical gold that can be supplied.
“These two photos were taken yesterday by my uncle in a gold shop in Beijing. People are buying gold like groceries”