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China And Its Gold Investment

Todays Date: December 12, 2018

Because of factors that limit the increase of the foreign-exchange investment in gold China cannot buy more gold or at least this is what the foreign’s exchange regulator said at the National’s people Congress.

Between 2003 and 2009 China bought about 454.1 tons of gold. What some might find surprising is that China didn’t have to go oversees to buy this gold. Being the world’s largest gold producer it decided to invest in its own economy. In 2009, the China Gold Association claims that the country produced 300 tons of gold.

This means that last year the private households alone, the domestic gold consumption in other words, exceeded the supply. The biggest country in the world has actually been trying to produce as much gold as fast as it can. In 2002 there were 1200 mines, in 2009 there were only 700 left, this could be a good proof wouldn’t you say?

According to some Chinese experts China should constantly and secretly increase its gold holdings. They think that gold needed for industries and residents should be imported and that the own gold production should be bought by the Chinese banks.

The Chinese government is very determined to persuade the residents to start investing in gold. This is the reason why it has been actively involved in televised campaigns that advise the Chinese to purchase gold. The media has bombarded the population with these campaigns and this is not actually such a bad thing.

We could take example of what is happening in China and start investing ourselves. There is a good reason why gold was, is and will be considered such an important asset for people to own. Having gold means a secure future for you and your family. So why don’t we you go and buy some gold right now?

Learn from professionals how buying gold can help you in times of recession.

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