China Gold Imports From Hong Kong Rise on Stockpiling (Nov 2013)

Chinese gold buying

Source: Bloomberg – China Gold Imports From Hong Kong Rise on Stockpiling

Notable excerpts:

Gold shipments to China from Hong Kong rose in October to the second-highest on record as jewelers and retailers bought the metal to build up inventories ahead of a peak-demand season at the end of the year.

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Smugglers smile as NRI carriers bring gold into country legally (Dec 2013)

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Source: Times of India – Smugglers smile as NRI carriers bring gold into country legally

Notable excerpts:

Faced with curbs on gold imports and crash in international prices leaving it cheaper in other countries, gold houses and smugglers are turning to NRIs to bring in the yellow metal legally after paying duty. Any NRI, who has stayed abroad for more than six months, is allowed to bring in 1kg gold.

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US sends $1-billion worth of gold to SA (May 2013)

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Source: Mail & Guardian – US sends $1-billion worth of gold to SA

Notable excerpts:

Unusually large shipments recently of gold totalling $1.1-billion from New York to South Africa, one of the biggest producers of gold in the world, has set off rumbles in the business world, but Rand Refinery says it is just business as usual.

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Starved Of Gold, India May Import Record Volumes Of Silver This Year (Oct 2013)

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Source: The Economic Times – Starved of gold, India may import record volumes of silver this year

Notable excerpts:

Silver imports are on pace to hit a record high this year as the wedding and festival season drives up buying of the precious metal instead of the traditional gold, made scarcer and dearer by official measures aimed at cutting the trade gap.

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Gold’s Rout Spurs Surge in Indonesian Demand (Aug 2013)

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Source: Bloomberg – Gold’s Rout Spurs Surge in Indonesian Demand: Southeast Asia

Notable excerpts:

Gold jewelry demand in Indonesia is set to expand to a four-year high as consumers in Southeast Asia’s biggest buyer join India to China in increasing purchases as prices slump and the middle class expands.

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