St. Elias Mines
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Wasnt there a comment made by someone that they dont do china or something to that effect? hmm. imo
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The London Bullion Market Association (LBMA) conference recently took place in Hong Kong. Singapore wanted the conference — and dropped sales tax on gold — but lost out. Hong Kong is the gateway to China, after all... and China is where all the gold is flowing. The demand for gold has been growing at around 24% per annum since 2007. China's share of global demand has doubled from 10% in 2007 to 21% in 2011 and, as you can see from the chart, China recently overtook India as the number one destination of gold:
Chinese Metalheads China is now the world's largest gold producer and has the world's largest demand. Advertisement
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mikxx1
City
Mars
Rank
Vice President
Activity Points
10810
Rating
Your Rating
Date Joined
06/24/2011
St. Elias Mines
Symbol
SLI
Exchange
TSX-V
Shares
130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
Website