Monday, August 20, 2012

China's Gold Demand on the Run

The demand of gold in China has been growing exponentially for it to be expected to become the world’s biggest market for this metal this year. The next step in this Chinese gold rush is that china’s state owned Miner, China National Gold, Is prepared to take the next step and have entered preliminary negotiations with African Barrick Gold (ABG), one of Africa’s largest gold miners...more here

Gold in New Zealand dollars: $2002.60 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $34.86 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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