China-India Took Delivery of 70% of 2015 World Gold Annual Production

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GRIM REAPER

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China-India Took Delivery of 70% of 2015 World Gold Annual Production

in response to

Mines Have Stripped All The “Low Hanging Fruit”

GRIM REAPER

posted on Feb 28, 2016 09:08PM

Submitted by Secular Investor on 02/28/2016

We estimate China took delivery of a total amount of gold in 2015 equivalent to 40% of the annual world production and that should tell you a lot, as India also imported a total of 1,000 tonnes of the yellow metal. So, the total demand for physical gold from India and China combined is the equivalent of in excess of 70% of the total gold production in the world, and that’s massive.