Very important - China may overtake India in gold demand

Read More

This will be huge if it is accurate. Right now, I think there is a 250 tonne difference in annual consumption between the two nations (2010 data). If China is getting close, that means the consumption is going up there quite steeply. Soon we will find gold at $2,000 / Oz ?

 

Log in or Sign up to hide this ad.

A sign that the Chinese are worried about the value of fiat currency?

 

Not only the Chinese, everyone is worried about the value of paper currency. So we will see a rise in demand from all across the globe, not only from China. But in China something fishy is going on. Not sure exactly what it is.

 

Hey mate, highly appreciate that you share this information, I agree with what you said.

 

I cannot say I'm surprised by this, China has made quantum leaps in its economic development since the early 80s and is still growing at a feverish pace. For them not to consolidate this with gold purchasing would be shocking. In addition to that with the EU still on the fritz any prudent nation would be doing the same, it just so happens that China has the means to do it on a very large scale. If the EU does crumble (which seems inevitable to at least some degree) the nation with the largest gold stores and mineral deposits will be the ones to recover the quickest/suffer the least.

In saying that though China does still have one of the most vulnerable economies in that so much of it depends on international trade.

 

If China takes over India in Gold Demand, then Gold Investors may leave american markets for Chinese markets, leaving even less money to be invested in our country of the United States of America.

 

Thanks for the heads up. I can see the pros and cons of China having such resources.

 

I'm not a t all surprised by this. China has made amazing progress and there are plenty of rich households in China now. Rich people like to invest in variety of opportunities, gold being one of them. If this happens, gold prices will jump to unheard of levels.