Sunday, July 3, 2011

Emas Milikan Negara China

China Buys 47% of the World's Gold

China is panicking.

Rampant inflation is driving Chinese consumers to buy gold on a massive scale...

In fact China is already set to buy almost half of all the gold that'll be mined this year.

You read that right: The Chinese may buy nearly 50% of total world gold production in 2011.

This incredible demand will no doubt put significant strain on global supplies.

Today I want to talk about how this soaring demand may be the catalyst that pushes gold prices over the $1,500 level in as little as a few weeks.


China Produced $35 Billion in Gold in 2010

According to China's Ministry of Industry and Information Technology, gross output from domestic production increased 67% to 230 billion yuan ($35 billion) in 2010.

Of this, China's gold industry realized 5 billion yuan ($3.8 billion) in profit — 78% more than in the previous year.

China's gold mines produced 9.9 million ounces of gold in 2010 an increase of 7% over 2009. Meanwhile, total domestic gold output grew 9% to 12.0 million ounces.

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