Thursday, February 21, 2013

IN 2-3 YEARS CHINA HAS THE LARGEST WORLD GOLD RESERVES

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/21_China_Will_Have_Worlds_Largest_Gold_Reserves_In_2_To_3_Years.html
CHINA IS THE WORLDS LARGEST PRODUCER OF GOLD (CLICK LINK ABOVE)
CHINA IS ALSO THE LARGEST CONSUMER OF GOLD
CHINA ALSO HAS MINNING INVESTMENTS IN CANADA AFRICA AND
 LATIN AMERICA

http://www.chinamining.org/News/2013-02-17/1361085083d60464.html
"Chinese consumers' seemingly insatiable thirst for gold is set to provide a strong impetus for local mines.
The country's demand for the precious metal is expected to outstrip supply by at least 550 metric tons by 2015, statistics released by several gold councils showed.
The nation's gold producers will accelerate exploration and industry integration to create some major players in the market in the next few years, according to a circular from the Ministry of Industry and Information Technology.
China has been the world's biggest producer of gold for six years since 2007, with an annul output of 403 tons in 2012, a year-on-year growth of 11.7 percent.
But a projected increase in output is unlikely to meet rising demand, industry analysts said.
"Imports of gold from other countries and regions will help fill the gap between gold demand and supply," said Li Yang, a Shanghai-based gold investment analyst.
Yang Yijun, chief analyst with Wellxin.com, a precious metals consultancy, said gold exchange traded funds, likely to be introduced in 2013, could further push up demand for gold reserves in China."
READ MORE HERE::::::>>http://www.chinamining.org/News/2013-02-17/1361085083d60464.html

http://www.worldpolicy.org/blog/2012/12/12/chinese-investment-latin-american-mines-path-development  ALSO: CLICK ABOVE LINK
"Foreign direct investment in Latin America nearly doubled in the last ten years, rising to more than $150 billion in 2011, of which $120 billion went to South America. China, a major consumer of metals and energy, increased investments from $285 million in 2004 to $1.6 billion in 2009, almost a six-fold increase, making it the third largest direct investor in the region. Of Chinese FDI in South America, 59 percent is concentrated in metals. Today, almost 40 percent of China’s investment in mining in the world goes to Peru, Brazil and Venezuela. China’s demand for natural resources and its need to secure raw material for growth has made Latin America an attractive destination for FDI, cooperation, loans, and trade agreements. But Latin American is not ready to use mining to tackle the high poverty of the region.

I THEN BELIEVE AFTER THE DOMINATE ACCUMUALTION OF GOLD CHINA WILL THEN CLAIM THEIR OWN  CURRENCY OR ELECT AN OTHER (BASKET OF CURRENCIES)  COUNTRIES CURRENCY TO BE NOMINATED AND ALSO  PERHAPS HAVING THE US DOLLAR REMOVED FROM WORLD TRADE WHICH IS QUIETLY HAPPENING NOW.

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