Tuesday, March 29, 2011

There is NO Shortage of Physical Gold in China; Yearly Production is Increasing

Contrary to popular perception or what the gold bugs may say, gold production has been increasing in recent years. CPM Group's released today the 2011 Gold Yearbook. BNN interviewed Jeffrey Christian, managing director, CPM Group.

"Contrary to what many in the world of gold have been saying, gold production is on the rise".Mr. Christian explains where it's coming from and what's driving this growth".

He says he does not believe the stories that physical gold is in short supply in China, and discusses centrals banks and gold ETFs.

Watch video.

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