NW Tech Capital, Inc. (NWTT)

[2hars]

I like this post of yours. Especially about the part where the Chinese is now allowed to own gold after the fifty three year banned was lifted. That has to be a great relief for all of China.

China's 'Enormous' Gold Demand Stuns Analysts, Dealers


The Financial Times reports that precious metals traders in London and Hong Kong were stunned by the strength of Chinese buying in the past month. “The demand is unbelievable. The size of the orders is enormous,” said one senior banker, who estimated that China had imported about 200 tonnes in three months.

The important fact that the Chinese people were banned from owning gold from 1950 to 2003, means that the per capita consumption of over 1.3 billion people is rising from a tiny base, is not realised by most. While the increase in Chinese demand has been very significant, it is likely to continue and the demand is sustainable due to Chairman’s Mao’s half-century gold ownership ban.

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