'Chindia' Physical Gold Demand In May 344.9 Tonnes

 

 The monthly changes below the cumulative trend on each chart show the increase in accumulation most clearly.

 

The second chart shows the growth of Chinese accumulation in contrast with India.

 

Charts are from Nick Laird at sharelynx.com.

Chindia: The Steady Increase in Gold Demand From China and India

It is an interesting phenomenon that is often overlooked and underappreciated outside of the certain small circles of those who watch these sorts of things.

Gold is flowing from West to East.   What it means and will mean is worth considering.

In the bottom portion it is easily seen that the monthly offtake is steadily increasing.  And it is also apparent that China is outpacing India in the accumulation of gold.

These charts are from Nick Laird, who chronicles all things gold and silver, at Sharelynx.com.