A Prudent Investment with Gold
6/12/12 at 09:52 AM 0 Comments

China Expects Gold Demand to Increase 10 Percent This Year

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Demand is increasing for gold bullion and gold coins in China. Experts with the Industrial and Commerce Bank of China, Ltd. told Bloomberg that they expect Chinese gold investment demand to increase 10 percent this year. The basis of their prediction was the continuing economic crisis in Europe as well as the continuing possibility of weakening currencies.

Further, the World Gold Council expects China to overtake India as the main purchaser of gold this year. Buying gold coins increases in the Asian countries primarily during the Lunar New Year celebration, but experts believe that more Chinese are purchasing gold bullion coins to protect themselves against a continued threat of inflation and currency devaluation of both the Euro and the Dollar.

You should also be taking steps to protect yourself against the threat of devaluation of the Dollar. Diversifying your portfolio with high quality gold coins can protect your life savings against the threat of inflation. For more information about investing in gold, please check out all of the free information on our website at www.aglobalcurrency.com.

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