GOLD 0.51% $1,391.7 gold futures

more $$$ from china for aussie gold than coal

  1. 4,523 Posts.
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    China is not just buying from Hong Kong, they are also buying from you guys, so cheer up:

    Sales Soar 900% as China Makes Grab for Aussie Gold

    By Michael Salisbury and Sarah-Jane Tasker
    The Australian, Sydney
    Thursday, October 18, 2012

    http://www.theaustralian.com.au/business/mining-energy/sales-soar-900pc-...

    Gold has soared past coal as Australia's second most valuable physical export to China, with sales up a whopping 900 per cent for the first eight months of the year, bringing in $4.1 billion. ...

    Damn, does this mean Ms Gillard might put on a resource tax on gold now that gold is selling better than coal?????? Unintended consequence?

 
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