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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (167851)5/19/2009 8:40:43 PM
From: SiouxPal  Read Replies (1) | Respond to of 361606
 
Copper is in about every composite alloy.



To: koan who wrote (167851)5/20/2009 4:24:31 AM
From: T L Comiskey  Respond to of 361606
 
Gold demand soars among investors

Demand for gold is soaring among investors, but hard-up consumers are shunning gold jewellery, figures from the World Gold Council show.

Total demand for gold hit 1,016 tonnes in the first three months of 2009, up 38% from a year ago. Demand for gold as an investment rose 248% to 596 tonnes.

Gold is often seen as a safer investment in times of turmoil, and a way to guard against future inflation.

But demand for gold jewellery fell 24%, the council said.

It added that consumer spending on non-essential items such as jewellery had been hit hard by the recession.

However, Chinese demand for gold jewellery increased by 3%.

"This reinforces the view that China's economy, although unquestionably suffering from a sharp deceleration, nonetheless remains resilient," the council said.

Industrial demand for gold, which is used in the production of electronics like laptops and mobile phones, fell by 31% from the first quarter of 2008.

The gold price has risen from about $700 an ounce in November last year to above $900 an ounce.
Story from BBC NEWS:
news.bbc.co.uk

Published: 2009/05/20 06:06:37 GMT

© BBC MMIX