SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Trumptown who wrote (41615)12/16/2002 5:38:10 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 52237
 
At a time that those strong moves are happening it is a bit late to enter the commodity as speculators are wipsaved



To: Trumptown who wrote (41615)12/18/2002 10:47:02 PM
From: Trumptown  Respond to 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.