The World Gold Council (WGC) recently said that the market for gold consumption in China may double within the next 10 years - boosting prices as supplies fail to keep pace with booming demand from investors and the jewelry industry - and almost certainly having implications for the global gold market
Supatcha is in the final stages of acquiring two additional gold mining projects in southwestern Ukraine with world-class potential
Steve Talley, President of SAEI, has stated, "We expect that this gold property presents an excellent opportunity for our company to become a low cost and highly profitable gold producer in the Ukraine."
In early April, the company Secured $10Million Financing to Fund Barlevskoye and Vynohradiv Gold Mines
On April 26th, the WGC released its Q1 2010 update, according to which "gold has seen investors around the world scramble to get their hands on the commodity, either in physical form or via exchange traded funds (ETFs)." Which is Why Gold is Such a Hot Investment
Inflation remains a concern amongst investors. One reason behind this is the huge pile of debt that the United States is accumulating. It's estimated that during the current fiscal year, the US budget deficit will be north of $1.5 trillion and with the current spending measures the nation’s debt is expected to reach $18.5 trillion over the next 10 years. In order to help eat away at this massive deficit, inflationary measures are likely to be imposed in the near future. Gold is the ultimate hedge against a weakening US dollar and inflationary pressures*
In a nutshell, fears of inflation, economic uncertainty, growing investment demand, and supply constraints are all reasons to be bullish on gold
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