 Wysłany: Śro 7:59, 04 Wrz 2013 Temat postu: woolrich bologna China Invests In Gold |
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| Although being the largest gold producer in the world, China does not seem interested to sell its amount of precious metal abroad. It would rather keep it for www.mansmanifesto.com Are Bli itself, investing heavily in it. Only last year, for instance, it bought 454.1 tons of gold from woolrich bologna its internal production. This accounts for China ranking the sixth among the largest gold bullion owners across the world.
The explanation lies of course in the as huge domestic demand. Only the demand for gold bullion bars increased by a significant 44%, the Chinese investors perceiving gold products as more reliable than currency, in terms of www.achbanker.com/home.php gain. But if the national demand represents an impressive 18.7% of the international demand, this is also because of normal citizens (1.3 billion - to be exact!) that are great gold consumers. The WGC forecasts a double consumption in this country over hollister france the next decade. Still, both retail investors and private households are only the tip of the iceberg. In fact the greatest gold investor is the government itself. Faced with the poor international economic situation and with its particular needs in the context, the Chinese government invests heavily in peuterey outlet gold as both a long-term and a short-term solution. On the hollister sale one hand, it is highly exposed to the American dollar because it has got a lot of dollars as the 'banker' of the huge American debt, by hoarding a large number louboutin of that country's governmental bonds. On the other hand, as a massive trader to the same country, it has to do something with its trade surplus as well. As to why choosing gold, that's easy to answer. www.vivid-host.com/barbour.htm If you expect currencies to weaken, especially the dollar (and the huge US debt makes that more than likely), you turn to gold. Both people and louboutin Articles Reviews Examples governments seem to do that in times of crisis. If indexing the gold price to the one in 1900, you will notice that its value hasn't changed much, doudoune moncler unlike of any other currencies. Under these circumstances, China invests in a stable nike air jordan pas cher asset, 'grown' cheaply enough at home. While by doing this, it may substantially contribute to the increase in the hollister france gold demand woolrich parka and price, doudoune moncler homme Free Games Online To Play Without Downloading by hoarding likely to devalue currency it could collapse, remaining hollister co france without a financial safety net. What would you choose? |
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