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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Frederick Langford who wrote (23879)12/19/2002 2:12:44 PM
From: isopatch  Respond to of 36161
 
<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>

Message 18354983

Good story. Thanks for posting it Fred.

This large increase in chinese buying + the large demand inherent in minting the Islamic Gold Dinar gives you 2 very large demand factors that will drive prices higher over the Intermediate AND Long Term.

Isopatch