``... even though China is importing such a huge amount of gold, it is definitely not the only country so doing. Even with all its import restrictions in place India will have remained a major importer of gold last year with big amounts coming in early in the year in particular before the most stringent import restrictions were put in place. The World Gold Council puts Indian gold demand in 2013 at around 900 tonnes despite the restrictions. A number of other countries have also recorded significant gold imports in 2013, while central banks have purchased 300 tonnes or more. Where's all this gold coming from?''

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