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Gold Deliveries Into China Soar To 1,000 Tons

 
The key thing is the physical wholesale markets, and I’m seeing the same thing now.  I’m not seeing any letup in physical demand.  The central banks, the sovereigns, they were buying at $1,800, $1,700, $1,600.  But when you take a dip to this kind of level where we actually start to approach break-even cost of mining (gold), well, obviously that was an act of desperation (on the part of central planners).

As Russia, or China, why not just pick it (gold) up and ship it over?  It’s quicker (than mining it).  So you’ve reached a point where the lines cross, and the physical market diverges.  I have checked the numbers now and we are very close to 1,000 tons of deliveries just this year into Shanghai.

Read the complete article at King World News here.

# Here you can see WHY it’s crucial to own physical gold & silver now, and HOW you can buy [and sell] it.

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Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

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