Gold Price Statistics

China Consolidating Position as World No.1 Gold Producer

China consolidating position as world No.1 gold producer

Editor:   From: mineweb   Click?54   Date: 2009-01-07 12:07:54

China’s gold output is still rising, but probably at an insufficient rate to counter the falls in production elsewhere in the world.

China’s Ministry of Industry and Information Technology has released figures for the country’s gold output in November showing that production for the year to end-November reached 246.51 tonnes – up only 2.14 percent from the figure for the first 11 months of 2008 – the year in which China’s gold production exceeded that of South Africa for the first time, making it the world’s top producer.

With South African output continuing to decline, this will have consolidated China’s position as the world No. 1, but with declining output in a number of countries, of which South Africa’s is the most significant, and only a small increase in China(cnmining), it looks as if world gold output will likely fall further again in total once full 2008 statistics are available.

This will please those who look to supply demand fundamentals as supporting their positions on predicting higher and higher gold prices in the years ahead, but it should be noted that a slew of demand figures out of the traditional gold buying nations like India, Turkey and the Middle Eastern states have shown a sharp fall in demand over the past few months as high gold prices coupled with the global financial downturn have bitten into sales and imports into those countries.  There have also been reports of increasing sales of gold from private holders into the markets as individuals feel that prices are high and not likely to move much higher.

About the Author

http://www.cnmining.org/news/?id=1042

(2006) Ron Paul: GOLD AND THE US DOLLAR [Part 2]

The Coin Book, Comprising A History Of Coinage; A Synopsis Of The Mint Laws Of The United States; Statistics Of The Coinage From 1792 To 1870; List Of Current Gold And Silver Coins, And Their Custom House Values; A Dictionary Of All Coins Known In Ancient And Modern Times, With Their Values; The Gold And Silver Product Of Each State To 1870; List Of Works On Coinage; The Daily Price Of Gold From 1862 To 1871. With Engravings Of The Principal Coins $39.99 …

Some statistics on the gold situation …

Energy markets U.S.A. 1984: Statistics and analysis of prices, supply and demand ; a special report prepared for The Oil Daily …

Reel Deal Casino Gold Rush (Mac) $18.25 This year’s multiplayer portion of the game features the first and only LIVE feed Sports Book and Race BookBet on your favorite teams horses dogs and even NASCAR outes and watch the statistics change as other bet on theirs.Watch animated Horse and Dog races based on real outes witin the live feed!Single Player allows you to bet on your own teams horses and dogs creating your own Race or Sports Boo…

Quest for Glory 5: Dragon Fire $19.99 This software is BRAND NEW. Packaging may differ slightly from the stock photo above. Please click on our logo above to see over 15,000 titles in stock….