Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Trumptown who wrote (41615)	12/18/2002 10:47:02 PM
From: Trumptown	of 52237

Ahhh, one more thing - demand: asianewsnet.net December 19, 2002 BEIJING: Gold bullion became available to Chinese individuals as an investment option for the first time since 1949 as the small gold bars began selling in Beijing yesterday. "The opening of the individual gold investment business will significantly boost gold demand in China, taking into account the huge savings deposits of 1.3 billion people," said Liu Shan'en, an expert with the Beijing Gold Economics Research Centre. Currently, the deposits stand at around 8 trillion yuan (US$966.5 billion), official statistics showed. "Gold demand in the country will double soon from the current level of around 200 tons a year as a result of the opening of the business," said Liu. Last year, gold consumption reached 213.2 tons, the fourth-highest level in the world.

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