Tuesday, January 5, 2010

PRC Now Biggest Gold Buyer

From the China Business Services blog: the PRC central bank is now the biggest gold buyer of them all. The entry also mentions that the PRC is on track to becoming the world's biggest exporter, surpassing Germany.


Viet Nam Net mentions that gold-trading volume has dropped dramatically after it was announced by the Vietnam government that gold trading venues will be shut down at the end of March. With respect to formal channels, gold traders are being compliant. This story from Vietnam Business Finance News says that there's some physical gold buying still taking place, but also speculates that the money normally put into gold will go into real estate or equities.

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