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China's gold buy raises eyebrows for all the right reasons

TOKYO (MarketWatch) -- The precious-metals market took notice for all the right -- but not-so-obvious -- reasons when China announced last week that it ramped up its gold reserves by 76% in the last six years.

After all, the world's largest producer of gold, which also happens to be the world's most populous nation and third-largest economy, must have a good reason for its purchases -- and quite a few experts said the move solidifies gold's place as a monetary asset, and shows that it's destined for a brighter future.

"The important take-away is that China itself is absorbing the bulk (if not all) of the production of the world's largest producer of gold (also China) with the now confirmed intent of building reserve holdings," .... Read more...
- By Myra P. Saefong, MarketWatch

Cortez Trend: Nevada’s Biggest Gold Field?
Nevada is home to the Carlin Trend, North America’s most prolific gold-producing area and the second-largest known gold resources in the world, after the Witwatersrand in South Africa. The Carlin Gold Trend is a belt of gold deposits, primarily in Paleozoic limy sediments, that are about 50 miles wide and 40 miles long. “Carlin” actually refers to a style of mineralization that is seen around the world.

Carlin-style deposits contain disseminated gold mineralization, usually structurally controlled. Mineralization may....Read more...
New Guinea, New Gold
Situated on the Pacific “Ring of Fire,” the island nation and archipelago of Papua New Guinea is richly endowed with natural resources, including considerableoil, copper and gold, which account for 72 percent of export earnings.

According to United States Geological Survey base estimates, the tiny country has approximately 20 percent more extensive gold resources than Canada. Last year, gold production for the nation was only 65 percent of the total extracted in Canada.  Read more...
 

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