``The most important reason put out by the bullion banks and the mainstream media had to do with the study released by the World Gold Council that suggested that not all of the gold that's been imported into China has been used for central bank reserves or has gone into retail safekeeping... I would point out that what that means is that a whole class of creditors and debtors in China believes that gold is good security... So far from viewing this as a reason to sell gold, instead I think it's another affirmation of gold's timeless value, particularly through periods of stress.''

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