The usdebtclock.org site has some very interesting numbers on it some its pages that we don't hear much about. This post wants to direct your attention to their page on gold demand by country. We have always known that India loves gold. It is an important part of their culture and is used for everything from religious artifacts to wedding presents.
But look at China!! It used to have numbers like everyone else, 3-4 million ozT. But now, it has clocked up to 37.5 mn OzT. What you are looking at here is massive gold migration from the west to Asia. Never forget the golden rule: he who has the gold will eventually be making the rules. China+India demand more gold than the rest of the world combined.
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