Commodity Trade Mantra

Posts Tagged ‘Gold Producer’

Chinese Appetite for Gold Assets Reaching Significant Levels

China’s $40 billion Silk Road Fund is looking at buying its first gold mine – it’s biggest acquisition anywhere in the mining space since its creation in 2014. It shows that Chinese appetite for precious metals assets in reaching significant levels. In fact, two other Chinese miners might actually make an opposing bid against the Silk Road, showing that interest in quality gold assets is running high in China.

China’s Global Gold Supply "Game of Stones"

“Surrounding” global gold production is just one aspect of China’s grand strategy for achieving political and economic dominance in Central Asia and beyond. The progression of China’s Go game strategy enables it to buy increasing amounts of gold and silver & are positive factors supporting higher precious metals prices.

One Of Largest Russian Gold Miners On Verge Of Bankruptcy

Russian gold producer Petropavlovsk, was valued at more than $3 billion four years ago and was a potential candidate to move into the coveted FTSE100. But today the firm is now worth just $60 million and is in a perilous financial situation, with speculation it may even default on $310 million in convertible bonds in February.

26 Other Ways China, The Largest Economy, Has Surpassed America

In terms of raw GDP, the U.S. is still number one, at least for now. But according to the IMF, China is now the number one economy on the entire planet in terms of purchasing power…China accounts for more total global trade than the US, consumes more energy than the US & China now manufactures more goods than the US does.

Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer

Decline in gold production in Australia has been blamed on royalties & falling price in recent years. Possibly Australia may have reached “peak gold.” China & Russia are the only 2 large producers to have seen significant gold production increases as sizable ore deposits that were left untapped during the Communist eras are mined today.

The Truth about China’s Massive Gold Hoard

The Chinese think differently about gold. They view gold in the context of its role throughout history & dismiss the Western economist who arrogantly declares it an outdated relic. They buy gold in preparation for a new monetary order, not as a trade they hope earns them a profit. Don’t you worry about gold prices. China’s got your back.

US Exports 128 Tons Of Gold In Jan, Feb 2014 - Supply Deficit Increases

Not only did the United States export 128 metric tons of gold in the first two months of the year, its supply deficit continues to increase. Hong Kong and Switzerland imported 105 mt of gold in the same period. The overwhelming majority of U.S. gold exports are heading to Asia, India and the Middle East.

Gold Trading to Open up to Foreigners in Shanghai

Shanghai Gold Exchange is poised to get the jump on other mainland equity & commodity trading bourses by launching a gold trading platform in the city’s free-trade zone open to foreign investors. Foreign institutions & individuals could open accounts in the zone that are designated for gold trading.

China Consumed, Mined And Imported The Most Gold Bullion Ever In 2013

China, the world’s top producer of gold, has been officially crowned the world’s largest gold market for the first time. China overtook India as world’s largest consumer of gold in 2013, with consumer demand soaring 32% to 1,066 tonnes for 2013, topping India’s previous 2010 record of 1,007 tonnes.

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