2014-08-05bullionstar.com

``In total 1063 tonnes has been withdrawn year to date.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.''



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