One reason that this may be a good time to buy gold coins is the strong growth that China has continued to experience with its economy in recent months.
According to a recent release from the National Inflation Association (NIA), China's economy is "not a bubble" as some may believe, even if the country's GDP did grow at a 10.7 percent rate last quarter. The NIA noted that China's economy actually grew at its fastest rate since 2007, despite the overall state of the global economy.
The group also predicted that recently-announced moves in China to slow the lending pace of its financial institutions will only work to further strengthen its economy, although some financial experts had thought this could actually dampen its growth.
One reason for expectations of ongoing Chinese economic growth is that the country is continuing to expand its exports to a number of other countries beyond the United States. Even if and when the country's GDP does slow, it is not expected to result in a major economic setback.
Another reason to consider gold investments is that a strong middle class is continuing to emerge in China, which has further fueled demand for precious metals in both jewelry and industrial applications.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
Monday, January 25, 2010
Monday, January 18, 2010
Major gold mining operation moving forward in Australia
Monday, January 11, 2010
A major new mining project has been announced in Australia.
- Superior Gold Group
Gold dealers may be interested to learn that a major Australian mining project has just taken another significant step forward in its approval process.
According to an announcement from Cadia Holdings, a subsidiary of Newcrest Mining Limited, approval has been granted for the planned Cadia East project. The $AU 2 billion project is said to be located near Orange, New South Wales.
The next step is for the plan to go before the Newcrest Board late in the first quarter of 2010, noted the company.
"The Cadia East project will be the largest underground mine in Australia and will secure our future in
the region for at least the next 20 years. It will be Newcrest’s first panel cave, building on our expertise in underground mining," said company official Tony McPaul.
McPaul went on to report that following years of preparation, the project will create about 1,300 jobs while also providing a significant economic boost in general to the region, both direct and indirect.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products & gold investment coins.
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.ADNFCR-2970-ID-19551481-ADNFCR
A major new mining project has been announced in Australia.
- Superior Gold Group
Gold dealers may be interested to learn that a major Australian mining project has just taken another significant step forward in its approval process.
According to an announcement from Cadia Holdings, a subsidiary of Newcrest Mining Limited, approval has been granted for the planned Cadia East project. The $AU 2 billion project is said to be located near Orange, New South Wales.
The next step is for the plan to go before the Newcrest Board late in the first quarter of 2010, noted the company.
"The Cadia East project will be the largest underground mine in Australia and will secure our future in
the region for at least the next 20 years. It will be Newcrest’s first panel cave, building on our expertise in underground mining," said company official Tony McPaul.
McPaul went on to report that following years of preparation, the project will create about 1,300 jobs while also providing a significant economic boost in general to the region, both direct and indirect.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products & gold investment coins.
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.ADNFCR-2970-ID-19551481-ADNFCR
China helps fuel surge in commodities markets
Commodities prices are being driven higher in part by China's economy.
- John March
Signs of an improving economy in China may be one more reason for gold and silver investors to continue adding to their holdings.
A report in the Christian Science Monitor notes that countries that export raw materials have reason for optimism in light of December's statistics showing that Chinese exports rose 18 percent on a year-over-year basis after 13 previous months of decline. The newspaper added that Chinese imports rose in December by a 56 percent margin.
"It seems very clear that what we are seeing are basically imports of raw materials and capital goods. These are all investment-related," the newspaper quoted Arthur Kroeber of Dragonomics as saying.
Also this week, various media outlets reported that 2009 statistics had left China as the world's top exporter of manufactured goods, replacing Germany in that category. A report in the Washington Post noted that later this year, China is also expected to overtake Japan as the world's second-largest economy.
The Post also noted that part of China's surge in commodities buying has been fueled by its various infrastructure projects brought on by its economic stimulus programs.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products & gold investment coins.
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
- John March
Signs of an improving economy in China may be one more reason for gold and silver investors to continue adding to their holdings.
A report in the Christian Science Monitor notes that countries that export raw materials have reason for optimism in light of December's statistics showing that Chinese exports rose 18 percent on a year-over-year basis after 13 previous months of decline. The newspaper added that Chinese imports rose in December by a 56 percent margin.
"It seems very clear that what we are seeing are basically imports of raw materials and capital goods. These are all investment-related," the newspaper quoted Arthur Kroeber of Dragonomics as saying.
Also this week, various media outlets reported that 2009 statistics had left China as the world's top exporter of manufactured goods, replacing Germany in that category. A report in the Washington Post noted that later this year, China is also expected to overtake Japan as the world's second-largest economy.
The Post also noted that part of China's surge in commodities buying has been fueled by its various infrastructure projects brought on by its economic stimulus programs.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products & gold investment coins.
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
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