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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.

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