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China: huge increase in gold and silver coin minting to meet demand

Mineweb | June 21, 2011 | 6:40 am
Precious Metals • China • Gold • Silver
Gold bricks with coins

According to a report by Chinese news agency Xinhua, China has been sharply increasing its output of gold and silver coins to meet seemingly ever-increasing popular demand for precious metals as people buy to protect against perceived rising inflation.

Indeed it has more than doubled the maximum issuance for 2011 for some popular gold coin sizes from its previously announced levels.

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