China Purchases A Record 100 Tons Of Gold In April From Hong Kong

``We have just gotten the April update, and, lo and behold, the country which is now the biggest buyer of gold, having surpassed India, just set a new record: "Gold imports by mainland China from Hong Kong climbed 65 percent to a record in April, advancing for a third straight month as investors sought a hedge against financial-market turmoil and an economic slowdown... in the first four months of 2012 Chinese purchases have increased by an unprecedented 782% over 2011.''