Chinese Government Supports Gold Coin Prices With Monetary Policy Tightening

Gold coin prices rose in early trading this week as the Chinese Government announced another monetary tightening policy to ward off the potential inflation threat in the world’s largest economy.
By: Global Gold Group
 
Jan. 17, 2011 - PRLog -- Gold coin prices rose in early trading this week as the Chinese Government announced another monetary tightening policy to ward off the potential inflation threat in the world’s largest economy.

The Chinese central bank affirmed its mission to ward off inflation by tightening the monetary requirements of the nation’s banks for the fourth time in just over two months.

The threat of worldwide inflation supported the price of gold coins early in the week as investors moved cash in their portfolio to buy gold coins in response to the Chinese Government action. Investors across Europe and the United States are expected to buy gold coins in the early week pushing the price of gold up all over the world.

Global Gold Group can help investors buy gold in advance of the inflation threat increasing in China. The company offers investors a full range of popular bullion coins, including Chinese Pandas, American Eagles, American Buffalos and the South African Krugerrand. They also offer collectable pre-1933 gold coins. For more information, check out their website at http://www.aglobalcurrency.com.
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Source:Global Gold Group
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