Declining Gold Production in China

In 2007, South Africa fell from its longheld position as top gold producing country in the world, being replaced by China. This may lead some to believe that gold mining output in China is increasing, but this is not the case. China’s output actually peaked in 2005 and has been falling since then. The reason that China overtook South Africa’s number one position is that South Africa’s output is...

India’s Gold Imports

India is known as the biggest consumer of gold in the world, much of it sold in the form of investment-grade jewelry (with high caratage and low design premiums). Privately possessed gold in Indian is estimated at 15,000,000 kilograms. But with gold prices high many Indians are rushing to sell their gold, seeing this as an opportunity to profit. India normally imports 90% of the gold supply needed to meet demand....