While jewelry represents a large percentage of gold purchases in the country, Chinese can also purchase gold at their local bank.
Both assumptions are certainly valid, but ignored are the many attributes of a gold standard that would make the country that issues gold-defined money very attractive to creditors.
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This is a follow up to the 75 percent increase in gold demand the country experienced last year.
Although this is a very short time frame, I believe the buying trend will continue in this gold-loving country.
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It has gold and the country's largest tract of arable land.
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Turkey's government is trying to persuade Turks to transfer vast personal holdings of gold to the country's banking system, as it faces a bloated current-account deficit.
For the first time since 1988, the Norwegians, traditionally the most powerful country in the discipline, have failed to win a single cross-country gold at the Olympics.
They include George Saitoti, Mr Moi's longest serving vice president, who has been implicated in Kenya's biggest corruption scandal, in which kickbacks were paid to a phoney company exporting gold from a country that doesn't have any.
He points out that a team of basketball players can win, at most, one gold for their country, while a swimmer can win two golds for swimming the same stroke the same distance twice: once individually and once as part of a relay team.
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The government seems to have realised gold mining in the country has potential.
Wanniarachchi's gold medal was his country's first in boxing in 72 years, and he was hailed as a national hero when he returned home.
Never did either country have gold reserves to back all of the currency they issued, and to this reviewer that was a merit as opposed to a demerit.
If the government of India decides to reopen the mines, it will not only add lustre to this town, but could also kick-start a new gold rush in the country.
In other news, reports Thursday said Indian demand for gold exchange traded funds ( ETFs) was at a record high in September, despite weak retail sales of gold jewelry in the country.
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Another drag on prices has come from India, the world's biggest buyer of gold bullion, which introduced a 50% import tax that has triggered a 24% fall in the amount of gold brought into the country in the first quarter of this year.
They love the nicknames and the Twitter pages and they argue a little about their favorite player (Solo may have a slight advantage.) They were happy to witness some soccer history and they won't mind seeing the U.S. leave their country with gold.
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Assuming the continued movement of gold back and forth between countries, in a free market situation no country would ever run out of gold.
Norway took nine of its gold medals in cross-country skiing, the biathalon and alpine skiing.
It doesn't lessen the value of that gold to Wiggins or his country.
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Official gold output, probably the country's biggest foreign-currency earner, has dived from 27 tonnes in 1999 to seven last year.
If a country adopted a gold standard system today, the result would be violent swings in exchange rates with other, floating currencies.
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The country reports its gold holdings less frequently than most.
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In Congo, it means half a dozen armies and dozens of militia groups fighting over the country's gold and diamond mines between 1998 and 2003, leaving perhaps 3m dead.
In 1985 there were only 16 country albums that went gold, that is, sold over 500, 000 units.
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If the currency of each major country is bound to gold, financial headaches would of course be reduced.
In India, a gold industry group warned that the country is losing confidence in the metal because of its recent slide.
In India, the largest gold industry group warned that the country is losing confidence in the metal because of the recent slide.
England was the first country to adopt a gold standard in 1821.
These bonds are meant to wean away small investors from buying unproductive assets such as gold that have contributed to the country's record-high current account deficit.
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