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

To: PaulM who wrote (33618)	5/10/1999 10:34:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116790

If that is the case BUBA must announce Gold purchase...:)

To: PaulM who wrote (33618)	5/13/1999 4:12:00 AM
From: Alex	Respond to of 116790

5/12/99 - Gold-Ornaments Sell Well in Shanghai <Picture> SHANGHAI (May 13) XINHUA - Ten tons of gold ornaments such as necklaces, rings and earrings are expected to be sold in Shanghai this year, nearly the same level as in the past four years. Shanghai had been seeing a rise in the sales of gold pieces since 1982, when the country started to open the market for such items. Sales volume set a record high of 22 tons in 1993, and then decreasing gradually until 1995. Over the past four years the volume has remained around 10 tons. Shanghai has been making efforts to bring its sales systems and services in this sector in line with international standards. The market price in Shanghai is 118 yuan for one gram of gold, slightly higher than overseas prices because of increased taxes. Varieties of traditional items like necklaces and rings have been substantially increased in the Shanghai market, where platinum pieces, including those inlaid with diamonds, are new favorites among the local people. The people"s growing interest in gold pieces and mementos is attributed to latest consumption fashion and gradually increasing living standards. Insiders are optimistic about the prospect for sales of these items in Shanghai, one of the country"s top ten gold-ornament consumers, though annual per capita gold consumption is only 0.2 grams in Shanghai, much lower than the 9.21 grams in Hong Kong and 9.96 grams in Taiwan. Enditem 13/05/99 01:49 GMT