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Gold Imported by  China

by Goldzc


Last year, China imported just 45 tonnes of gold. This amount will purchase the land in November and December 2010 alone abroad. The estimated Chinese wholesalers, according to a report published on Thursday in the Chinese press.

For the full year 2010 gold imports to the extent expected from 260 tons. This would represent an increase by 578 percent over the previous year.

In the first ten months, according to official figures, China has imported 209 tonnes gold.

For comparison, India's gold imports in 2009 included a total of 350 tons. China and India continue to lead a hot competition for the role of the world's top gold consumer


Current changes in gold prices 

According to the latest market report, the OCC nominal value of all U.S. banks held by financial derivatives in the third quarter of 2010 has increased by another 5 percent. And JP Morgan continues by far the largest bookmaker in the U.S.. American commercial banks to continue betting with increasing intensity on anything that can be in the financial markets. The result: The nominal value of all U.S. institutions of the third quarter of 2010 held financial derivatives amounted to 234.7 billion U.S. dollars. A new all-time high. And again from the previous quarter, an increase of 11.3 billion dollars or 5 percent. This comes from the recent report by the Banking Supervision Office of the Comptroller of the Currency (OCC) shows that collects quarterly data on derivatives trading in the U.S.. By comparison, the U.S. derivatives corresponds to the volume of the third quarter, 4 times the power of the world economy of 2009 ($ 58 trillion)!

 

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