Wednesday, 18 January 2012
Chinese gold market dominance forecast
Chinese gold consumption has sustained 7.5% pa growth over the last decade, according to Mineweb. Significantly for the future gold price, Chinese investors avoid futures and other derivatives: they buy real bullion, in sympathy with China's strategic aims to dominate the global gold market, and to play a significant global currency role after the impending debasement of the US dollar and Euro.
Posted by Nils Marchant