The difference this time; China is buying every oz of gold they can get their hands on. They are on track to import over 1100 tons in 2013 with no exporting to speak of. Don't think that China hasn't ramped up mining production simultaneously and are hording even more than anyone realizes. It will be quite a surprise when it is revealed that China is the world's 2nd or top holder of gold reserves. What a great way to mitigate $3.2T of US debt and facilitate the destruction of the dollar. Brilliant strategy and our politicians are playing right in to China's hands.