To: carranza2 who wrote (68902 ) 12/1/2010 11:00:14 PM From: TobagoJack Respond to of 217705 some kind of wonderful if we can go back in time, what would we do? 1999 Dec 31st USD 288/oz 2000 Dec 29th USD 274/oz -6% 2001 Dec 31st USD 279/oz +3% 2002 Dec 31st USD 348/oz +25% 2003 Dec 31st USD 416/oz +20% 2004 Dec 31st USD 438/oz +5% 2005 Dec 30th USD 519/oz +18% 2006 Dec 29th USD 638/oz +24% 2007 Dec 31st USD 833/oz +31% 2008 Dec 31st USD 889/oz +7% 2009 Dec 31st USD 1,095 +23% 2010 Dec 2nd USD 1,392 +27% and ... more good news bloomberg.com and imo, the rate of acquisition can easily 5x again as paper money gets closer to Fahrenheit 451 temperature, because price would cease to be a consideration China Gold Imports Jump Almost Fivefold as Inflation Outlook Spurs Demand By Bloomberg News - Dec 2, 2010 10:47 AM GMT+0800China’s gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year as concern about higher inflation increased the appeal of the metal as a store of value, said the Shanghai Gold Exchange. Imports gained to 209 metric tons compared with 45 tons for all of 2009, Shen Xiangrong, chairman of the bourse, told a conference in Shanghai today. The country is the world’s largest producer and second-biggest consumer. Bullion soared 27 percent this year and is set for a 10th annual gain as the dollar dropped and investors sought a store of value on concern the trillions of dollars governments are pumping into the global economy may debase the value of currencies. China has pledged to use price controls and may raise interest rates a second time this year to slow inflation that rose in October to the highest level since 2008. “People there need to buy gold to hedge against inflation as the country’s tightening monetary policy drives investors from stocks and property to gold,” said Hiroyuki Kikukawa, general manager of research at IDO Securities Co. in Tokyo. China’s demand will continue to grow, making the country one of the top importers together with India, he said. Gold demand in China gained in the first half as government measures to cool the property market and falling equities spurred investment, the Shanghai Gold Exchange said July 7. “The expectation for higher inflation has fueled great interest among investors to hold physical gold, which led to higher imports,” the exchange’s Shen said. Sales of gold products such as bars by China National Gold Group Corp., owner of the country’s largest deposit of the metal, jumped as much as 40 percent in the first half, Song Quanli, deputy party secretary at the company, said July 7.