Far East Advisors – Gold Bringing Chinese Economy to an All Time High.

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Far East Advisors bullish on commodities as China’s Gold production hits record high.

(I-Newswire) February 20, 2010 - “China’s commodities market is showing record highs at the moment with price of gold historically high. Since the end of last year an ounce of gold hasn’t dipped below USD$1000 and shows no sign that it will not continuing to rise. At present the price has swollen to USD$1120 per ounce, and the trend indicates that the price of gold will continue to rise due to the demand also increasing by the day.” said a senior financial analyst at Far East Advisors.

With China currently being the largest producer of gold with over 300 tonnes of output last year. With a robust economy and a high demand which is continuing to grow. Demand for gold in China is continually growing as the popularity of bars and coins rises among those who consider to be a symbol of wealth and unaffected by inflation.

Last year alone, the exchange reported total gold-trading turnover of 1,249.6 tons with a transaction value of 194.75 billion yuan (US$25.5 billion) with the Bank of China as the top trader. “The figures speak for themselves and we are seeing the market for gold continuing to sky rocket and the indications are there that it will do so for some time to come” said James Wang, CFO at Far East Advisors.

The demand for gold is not only increasing in China, Europe and North America are also seeing higher demands for the precious metal. The value of gold is increasing and the quantity will remain the same.
Gold ,being a sure asset with little fluctuation in the market and highly liquidity is a sure investment for anyone, according to the team at Far East Advisors.

About Far East Advisors:
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Company Contact Information
Far East Advisors
Press Department
Micah Sittig 18 Qingtong Rd, 39-1003. Pudong New District, Shanghai
39-1003
Phone : 857 89790556

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February 20, 2010

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