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China Gold Imports From Hong Kong Holding Steady At All Time High In June 2013

|Includes: SPDR Gold Trust ETF (GLD)

In June 2013, the gold imports from Hong Kong to China were essentially flat.

The summer isn't a good period for gold either, so this is pretty normal. But anyway, gross and net imports are still at an all time high, compared to history (see chart 2).

And what's also interesting is that the ratio between net imports and gross imports are at an all time high too: 89%. China wants to keep all its gold.