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  • Gold Bullion Trading Hitting Record Levels; Chinese Leading The Pack 0 comments
    May 13, 2013 2:13 AM

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    The massive sell-off in the price of gold bullion has certainly shaken up some investors. However, it seems there are others whose investment strategy has been to wait for a pullback in gold to continue accumulating the precious metal.

    Recent data has shown that China imported gold bullion from Hong Kong at a record-high level in March. Net imports into China of gold from Hong Kong were 130,038 kg, compared to 60,947 kg of the yellow metal in February, according to Bloomberg. (Source: "China's Gold Purchases From Hong Kong Expand to Record," Bloomberg, May 7 2013, last accessed May 8, 2013.)

    While these imports happened prior to the sell-off in the price of gold bullion in April, China has clearly been using an investment strategy to continually accumulate the precious metal whenever it can.

    What Others Are Reading : NYSE Holidays 2013

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