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VBgood

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VBgood

Re: anski100 post# 5047

Thursday, 11/18/2010 8:46:07 AM

Thursday, November 18, 2010 8:46:07 AM

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"New data released this morning by global gold-market development group the World Gold Council showed private Chinese gold demand leaping between July and Oct. to a new quarterly record of 146 tonnes – some 14% greater than the third quarter of 2009 and 11% greater than the record set around Chinese New Year 2010.

New Year 2011 falls on Feb. 3rd. Chinese consumers – who have bought more gold in the last two-and-a-half years than the People's Bank holds altogether in its reported reserves – accounted for 16% of Gold Bullion demand worldwide during the third quarter.

Indian households remained the No.1 buyers, however, taking one ounce in every five sold globally and growing their demand faster than China year-on-year, up by 28%. ... "

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