According to the World Gold Council (WGC) recent analysis report of tonnes of gold demand in China will double within a decade. China’s gold consumption in 2009 worth over 14 billion U.S. dollars 1, equivalent to the total global gold demand 11%. But this release, “Year of the Tiger Gold Analysis Report” on China’s gold supply and demand fundamentals made all aspects of Outlook.

World Gold Council investment department Marcus Grubb, Managing Director, said: “China’s great economic growth and the excitement is not new. But it has been, China’s gross domestic product growth prospects of China’s gold market is difficult to judge the impact of but now the situation is different.

“China is one of the world’s largest economy, it has quickly become an important market for gold. However, our analysis confirmed that the Chinese gold market, there is huge potential yet to be developed. World Gold Council estimates that if China’s gold demand continues to grow , to narrow the gap with other major markets, then the number of tonnes of gold demand in China will double in the next decade.

In other words, to the end of 2009 to calculate the average price of gold in China’s annual demand will reach about 29 billion U.S. dollars . ”

In the past five years, China’s gold demand to average annual growth rate of 13%.The main conclusions of the World Gold Council is as follows:

Intensity of two of China’s gold consumption lags far behind other major markets. If China’s per capita gold consumption in India, China, Hong Kong and Saudi Arabia being equal, China is only the jewelry industry’s annual gold demand would increase by 100 tonnes, prescription cialis online to reach 4,000 metric tons.

In the analysis of the reporting period, China’s gold demand for investment with the country’s total GDP and population growth rate consistent with the World Gold Council expects that this trend will continue.Although China is the world’s sixth largest official gold reserves of the country, but all the foreign exchange reserves, gold reserves account for only less than 2%, so according to international standards is still very low. Even in the current increase of 10% is based on the increased demand for 100 tonnes of lead. Although China’s gold demand is growing, but the World Gold Council expects in the long term, China’s supply growth will be more difficult, and may in the future decline.

Over the past decade, China’s gold mining producers will increase gold production by 84%, but China’s known gold reserves of the world’s known gold reserves account for only 4% of the total 3. If these data accurate, according to the results of the World Gold Council estimates that China will run out in the next six years, the known gold reserves.Gold exploration budget, from a global perspective, China is still a relatively under represented countries belonging to the exploration. Therefore, only by attracting substantial capital investment for exploration, these supply trends may Kamagra Gold be reversed only.

World Gold Council investment research and analysis manager, author of the report Eily Ong said: “Our analysis confirms that China’s gold may be even greater imbalance between supply and demand. Since 1992, China’s gold demand growth in excess of the domestic production growth, while privatization until a decade after the ban took place. Our analysis shows that if China’s gold demand continues at the current rate of rapid growth, China’s domestic supply could not keep up this pace. both China and the gold market will be how to develop, we can almost be certain that it will have an impact on the global gold market. “

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