Commodity Online Article On The PRC Gold Scene

It's boosterish, but it shows how much interest in gold there is in the People's Republic of China. The PRC is becoming the largest producer in the world, and is well on the way to becoming the second-largest gold consumer. Some of the demand is for jewelry, but some is for straight-out investment. The PRC rulership's announced goal of boosting gold reserves is tied to a strategy of becoming a currency superpower too.


On a more skeptical note, a recent Economic Times report begins with this sentence: "MUMBAI: Gold futures may extend losses this week on year-end profit-taking [and long-position liquidation], triggered by expectations of a strong dollar overseas, analysts said." At the end, it offers selling advice for Indian gold traders. And yet, this other ET article shows unprecedented Indian retail-investor interest in gold ETFs.