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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (23335)	11/23/1998 8:51:00 PM
From: Alex	Read Replies (2) \| Respond to of 116741

11/23/98 - AUSTRALIAN GOLD IMPORTS REACH US$551 MLN IN SEPT QTR <Picture> MELBOURNE, Nov 24, 1998 (Asia Pulse via COMTEX) -- Australian gold imports in September quarter reached A$875 million (US$551 million) from virtually nothing 18 months earlier. The September quarter figure gave an annualised rate of A$3.5 billion (US$2.2 billion), Channel Nine"s Business Sunday reported. The main source of the imported gold was the financially troubled South Korea, which had citizens donating gold to the country earlier this year. Imports from South Korea had grown from nothing in the March 1997 quarter to a$173 million in the three months to March and nearly A$400 million in the recent September quarter. Imports from Indonesia had risen from nothing in the September 1997 quarter to A$96 million in the December 1997 quarter up to A$304 million in the September 1998 quarter. In the same period Australian gold exports had moved into the two new markets of Switzerland and Great Britain. Switzerland bought A$97 million of Australian gold in September 1997 and that has grown to 10 times that figure in September 1998. Exports to Britain have risen to A$854 million in the September 1998 quarter from A$7 million in September 1997. ASIA PULSE