China Panics, Buys 47% of the World's GoldBy Greg McCoach |...

China Panics, Buys 47% of the World's Gold
By Greg McCoach | Tuesday, March 8th, 2011
China is panicking.

Rampant inflation is driving Chinese consumers to buy gold on a massive scale...

In fact China is already set to buy almost half of all the gold that'll be mined this year.

You read that right: The Chinese may buy nearly 50% of total world gold production in 2011.

This incredible demand will no doubt put significant strain on global supplies.

Today I want to talk about how this soaring demand may be the catalyst that pushes gold prices over the $1,500 level in as little as a few weeks.

Full story is in todays Wealth Daily (on the internet)