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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.22

-0.2%

Nov 21 4:00 PM EST

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From: Maurice Winn	10/19/2012 3:05:51 PM
	1 Recommendation Read Replies (3) of 217927

Moai culture booming: mining.com A 40 kg gold nugget was found too. <Gold output from domestic mines in 2010 lifted by about 17 per cent or 38 tonnes to 266 tonnes or 8.5 million ounces (oz), Melbourne-based industry consultants Surbiton Associates Pty Ltd said in its latest survey of the Australian gold mining industry. "Gold produced from Australian mines in 2010 was worth some AUS$12 billion at the current spot price," Surbiton director Sandra Close said. "Gold remains one of Australia's top export earners." Australia retained its position as the world's second largest gold producing country in 2010, Dr Close said. "China was number one with reported production of 341 tonnes and it looks as though the United States will come in as number three with an output of around 240 tonnes," she said. > Australia buys oil from Arabia, turns it into gold and sells it to China. Gold price right on the sooth line heading for the end of 2012. 4th year in a row right on the money, to coin a phrase, so to speak. Sooths being developed for the subsequent couple of years. Mqurice

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