China Bulking up Their Gold and Silver Imports

June 20th, 2011

The People’s Bank of China will be releasing an updated amount of 500,000 1 oz. gold coins this year (up from 300,000) due to the increased demand for precious metals in the market place. The commemorative coins will feature a panda making this round of units a collector’s item, and a popular one at that.

Gold has risen 9.4% since the beginning of this year and is now a favored choice for investors. Silver has outperformed gold in terms of the percentage of increase (27%), however considered the “poor man’s gold” is growing in popularity among middle class and upper-lower class citizens.

China imported over 3,500 tonnes of silver in 2010, leading the way past other countries demanding the metal, like India. Between solar panels, other industry needs, and the growing need for silver to satisfy investors China sees even more importing along the horizon. Now stop and take a look. Are you holding any of this “popular” investment?


About the Author: megan

Megan is the Marketing Manager for Silver Circle who spends endless amounts of time on making sure the word gets out about this film and graphic novel! As a liberty activist since '08 she also has gained a passion for advancing liberty in her personal life and helping others to do the same. Questions about getting involved with the film, events, liberty, and hip-hop can go straight to her!