which has already risen 54% against the yuan, since the central bank opened the money spigots in November 2008. Gold demand in China grew by 14% to around 450-tons in 2009, outstripping 315-tons of supply. Speculation is rife that Beijing is buying gold from state owned miners, to avoid sending the market price sharply higher.

[exceprt from] Gary Dorsch, Editor, Global Money Trends

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