China: The Waking of the Sleeping Tiger

Chinese citizens are responsible for an increase in gold imports to China

Today, the figures released on the  Japanese economy, moved China  up one position becoming the second largest economy behind the US.  It is no secret that China is the emerging market in the world today. The Wall Street Journal reported China is forecasted to surpass the US economy around 2030.

China also is acquiring gold in record amounts. The pressure this is placing on the gold market should continue to drive prices up on the ounce of gold.  See the Forbes article about China’s Quarter Stake in the Global Production.

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