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China's Q1 gold consumption jumped 93.9% over last year, trade association says
By Min Zhang and Shivani Singh
Reuters
via Nasdaq.com, New York
Friday, April 30, 2021
BEIJING -- China's gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said today.
Consumption in China in the first quarter stood at 288.2 tonnes, compared with 148.63 tonnes a year ago, the association said in a statement on its website.
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Honey Badger Silver's Chad Williams
talks with Chris Marcus of Arcadia Economics
Honey Badger Silver's executive chairman, Chad Williams, tells Chris Marcus of Arcadia Economics that "inflation is here" already and that rising interest rates didn't impede gold and silver in the 1970s and won't necessarily impede them today.
Honey Badger Silver is a Canadian silver company based in Toronto that is building a portfolio of silver and other assets. The company has a big position in Ontario's prolific Thunder Bay Silver District. The company's shares trade on the TSX Venture Exchange under the symbol TUF and over the counter in the U.S. as HBEIF. The company's internet site is here:
https://honeybadgersilver.com/
Williams' interview with Marcus is 25 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=SnNg2-cMR4Q&t=4s
The rise came as spending for gold jewelleries picked up quickly during China's Lunar New Year holidays and Valentine's Day, the association said. ...
... For the remainder of the report:
https://www.nasdaq.com/articles/chinas-q1-gold-consumption-jumps-93.9-y-...
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