2013-12-22goldseek.com

... another form of manipulation may be at work. It is in China's interests to allow the developed world to succeed in keeping gold prices down. This allows them to acquire the huge tonnages of gold they are getting now at bargain prices. If they can somehow get the gold either `on the dip' or from sources that don't go through the London market, then their buying will not influence gold prices.'

We will never be given accurate statistics on Chinese gold buying unless it suits them for us to know. What is clear is that they have managed to acquire between 2,000 and 2,800 tonnes of gold in 2013, while the price of gold has been dropping. That's some feat. We are not accusing them of price manipulation, but by being as savvy as the Bullion banks while buying on the fall could well be a new form of manipulation?


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