MASSIVE CHINESE GOLD DEMAND HAS LANDED - Adrian Ash

``The volume of metal being hoovered up in the world's second largest economy is staggering. More than 1,000 tonnes of gold was delivered through the Shanghai Gold Exchange in the first half of 2013, more than the whole-year total in 2012. Premiums over international benchmarks have slipped back, but only from historic records as wholesalers continue to chase supplies. And as Swiss bank (and major bullion dealer) UBS notes, Chinese banks are only widening access for private households still further, expanding the millions of gold savers with new retail products. ''