Q2 Gold Demand: WGC Can’t Spell ‘Decoupling’

http://www.bullionbullscanada.com/gold-commentary/26300-q2-gold-demand-wgc-cant-spell-decoupling

Chinese gold demand could hit 1,000 T this year-WGC

http://www.reuters.com/article/2013/07/25/gold-wgc-idUSL6N0FV43I20130725

Asia gold demand to hit quarterly record, absorb ETF outflow-WGC

More evidence of the transfer of wealth from the West to the East.  Citizens of England well understand "Brown's Bottom" when the former Prime Minister sold off the country's gold reserves at rock-bottom prices.  The Fed and paper gold holders are doing the same.

http://www.reuters.com/article/2013/05/29/gold-demand-wgc-idUSL5N0E93U920130529?source=email_rt_mc_body

Massive Squeeze Coming As WGC Confirms Gold-Backed Yuan

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/23_Massive_Squeeze_Coming_As_WGC_Confirms_Gold-Backed_Yuan.html

Steve Mandel Rejoins The Gold Party; World Gold Council Chimes In

http://www.zerohedge.com/news/steve-mandel-rejoins-gold-party-world-gold-council-chimes

'We re-established a position in gold during the quarter. Although we certainly have misgivings about an asset that does not produce cash, it seems very likely that developed market governments will try to inflate away their outsized debt burdens, debasing their currencies in the process. Gold is the “currency” that will likely hold its value as these developed world paper currencies engage in a race to the bottom."

WGC: China's Annual Gold Demand Tops 700 Metric Tons, Still Growing

http://www.kitco.com/reports/KitcoNews20110519AS_ChinaAnnualGoldDemand.html

Middle East is snapping up gold

Not only are Asian central banks and citizens buying gold as the financial crisis continues to develop, but so are middle eastern sovereign wealth funds and clients.

http://www.business24-7.ae/banking-finance/banking/commercial-banks-buy-gold-to-meet-demands-2010-05-05-1.240551

World Gold Council and ICBC enter strategic partnership

http://www.prnewswire.com/news-releases/world-gold-council-and-icbc-enter-into-strategic-partnership-to-promote-chinas-gold-market-89671087.html

World Gold Council ("WGC") and Industrial and Commercial Bank of China ("ICBC") have signed a memorandum of understanding (MOU) for strategic cooperation within China's gold market. This agreement will enhance the exchange of market information between WGC and ICBC to promote domestic demand for gold, encourage investment into China's gold market, as well as jointly develop and market new gold investment products within the country.

For reference, the ICBC is China's largest bank in terms of assets, and the largest bank in the world in terms of market capitalization.

One has to wonder if this will establish a floor on the price of gold, if the world's largest producer and second largest consumer of gold will step up its consumption. One also has to wonder why US banks and financial institutions are NOT encouraging clients into gold holdings. Perhaps it could be that fee thing--and the almighty USDollar. The plot thickens...