Top 10 gold buyers in the world 2010
- By Wang Yanfang
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China.org.cn, August 1, 2011
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The United States
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| USA was the third largest consumer in the world in 2010.[truthaboutbills.org] |
Total: 233.3 tons
Year-on-Year change: -12%
The United States of America is the world's third highest consumer of gold in 2010. However, consumers demand for gold jewelry and bar and coin invest suffered a notable decline, totally 12% down on 2009.
The pace of decline in 2010 slowed to some degree in the long-term downtrend. The rising prices with a difficult economic environment leaded to consumers cutting back on their demand and turning to more affordable silver jewelry items. The demand of investors for silver also increased, which led to a rapid rise in the silver price.
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