Monday, January 25, 2010

Chinese economic growth means now is the time to buy gold coins

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.


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