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China, Hub of the Global Gold Market? - Julian D. W. Phillips - Gold forecaster

Impact on total global gold demand - ` for there just aren`t any more major easily - mined gold deposits out there...`. Well to be sure not easily mined so far, but chemically mined yep! I`m sorry to say if some of the properties I`ve seen could be mined my way, you could pay off the national debt and still be richer than Bill Gates. And that would be mined here in the good ole USA. I`ve produced approx. a little over 4.1 or so ozs.of gold and 2.25 ozs. of Pd, a tenth of an oz. of Pt, and 1.24 oz. of Ag per 2 pounds of ore and the deposit is so vast. But it has to be mined chemically and of course with patience something that seems to elude most people particularly most of the mining establishment here in America. Patience is a virtue. Oh yes it can be done at a profit margin. The gold, Ag, Pd, Pt, Rh, plus huge amounts of Iron can be mined with great profit. Even if gold were to drop to even say $300 dollars an oz., yes profit. But the amount of gold/PGM produced could send the financial markets crashing.

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Beginning of the headline :The growth of China’s presence in the global gold market has been phenomenal in the last dozen years. Prior to this century, HSBC sent a delegation from their London gold department to see the Chinese financial authorities and were rebuffed as ‘trying to sell gold to China’. Since then, the Chinese financial authorities switched on and set off with a purpose... Read More

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