China Eats 62% of Global Gold Production
By GCRU Gold News on Thursday, January 26 2017, 12:27 - Permalink
Chinese investors withdrew over 63.3 million ounces of gold from their primary gold exchange in 2016, the fourth highest on record.
To put that in perspective, it’s 64 times more than all of the gold Eagles sold by the US Mint last year.
Another way to look at it is this: check out how much of total global gold production those withdrawals represent.