China's first globally in terms of volume of gold trading in the spot market
June 1, 2011 Comments: From here: »workbook in articles on gold, featured articles | China's first globally in terms of volume of gold trading in the spot market
Vice President of China Gold Association, "Zhang Yong Tao," China is the first in the world for four consecutive years in terms of gold production during the symposium Festival Jewelry International 2011, which was held in Shanghai recently, as mentioned Jintao that China is the third globally in terms of gold reserves, and the volume of trade exchange for all types of gold products in 2010 in Shanghai has reached 6046.064 tons to the top of the world so in the volume of trading in gold in online transactions. He also announced that the analysts believe that the growth of inflationary pressures and heightened fears of risk supports the demand for the precious metal is also still bullish trend in gold is very good.
It is noteworthy that the volume of world gold reserves of about 100.000 tons, and occupies South Africa ranked first in the world where it has the largest gold resources in the world, which has reserves of 31.000 tons, Russia occupies second position after South Africa about 7000 tons of gold, then comes China to take the world's third largest volume of reserve of 6328 tons of gold. And then distributed mainly on other countries like the United States of America, Indonesia, Australia and other countries. While China had surpassed India in the first quarter of this year in terms of investment in gold.
According to principal analyst in the strategic network investment gold "Lu Chao," the global financial crisis which occurred in 2008 caused and is still in the fluctuations in violent asset prices prompted the Chinese investors look for safe havens to protect their money and their investment risk, not only so, but that the continued development of increased investment in gold products and improving the gold market in China to make ordinary people choose to invest their money in some gold products and the reason for the preference of ordinary people for gold was primarily due to higher price levels and increasing rates of inflation.
The Deputy President and the Secretary General of the China Gold Association, "Zhang Ping, Nan," on how to enable China to precedence globally in terms of volume of trading in gold bullion that this relationship and strong production of China's gold and the development and growth of market consumption and investment can not be separated.
