Wednesday, December 08, 2010

World's biggest

Do you know that China is the world's biggest bullion miner. Yes, China. And who is the biggest gold consumer. Well, it's India for now. But China would most probably take over that title from India very soon. I know the Chinese are fond of gold and most of them would buy gold coins as gifts to their loved ones. Looking at the trend of economic uncertainties, it looks like this precious metal would be a safe bet for investors.

Oh ya, even though China is the world's biggest bullion miner, she still has to import gold from other countries. Yes, China's gold mines are not enough to meet its own internal domestic demands. And the good news is that the increase in gold import by China will help to lift prices in the coming months. The Dragon country has voracious appetite for gold.

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