Indian, Chinese Central Banks on track to absorb 90% of Gold mine output

http://www.metal.com/newscontent/61435_indian-chinese-central-banks-on-track-to-absorb-90-of-gold-mine-output

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