NEWS BROKE last week that China's gold imports for the first 10 months of the year had risen to almost five times 2009's total levels, writes Julian Murdoch at Hard Assets Investor.
China's investment gold demand may reach 150 metric tons this year, up from 105 tons last year, Albert Cheng, managing director of the World Gold Council's Far East department, told a conference in Shanghai today. That's an even larger increase when compared with the 3-4 tons 10 years ago.
