China was found to be purchasing more gold recently compared to their past acquisition pattern; these purchases were made through Hong Kong. China was reported to have imported about 102.8 metric tons in the month of November alone with a $5.4 billion based on January 11, 2011 trade data. Attention grabbing China’s gold purchases have caught many parties’ eye and concerned parties are wondering about that country’s massive gold purchases. Gold is known to hold strong purchasing power although it seems expensive to buy and people are concerned about its bubble bursting some time … [Read more...]