Koss Jansen: Chinese Gold Demand 1063 Tonnes for 2014 YTD; Chinese Reserves Estimated At Nearly 15k Tonnes

``In total 1063 tonnes has been withdrawn year to date. The premium on gold at the SGE is still hovering around zero.   Using SGE withdrawals as a reference, China mainland has net imported 670.7 tonnes year to date. Based on net imports, Chinese mining, a jewelry base of 2,500 tonnes in 1995 and guessing how much the PBOC has accumulated since 2009, total estimated Chinese gold reserves stand at 14,901 tonnes as of July 25.''