China Could Become the World's Largest Gold Market

The Paragon Report Provides Stock Research on Goldcorp and the SPDR Gold Trust ETF

NEW YORK, NY -- (Marketwire) -- 05/24/12 -- It has been a tough year for gold stocks. The Market Vectors Gold Miners ETF (GDX) has fallen over 16 percent year-to-date as growing concerns of Europe's financial crisis continue to weigh down gold prices. But growing demand in China could provide a necessary boost for gold prices in 2012. The Paragon Report examines investing opportunities in the Gold Industry and provides equity research on Goldcorp Inc. (NYSE: GG) and the SPDR Gold Trust ETF (NYSE Arca: GLD).


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In 2012, gold demand in China could surge as much as 30 percent to make the country the world's largest gold market on an annual basis according to the World Gold Council. China's gold demand, which was at record levels during the first quarter, may increase from 769.8 tons in 2011 to between 900 metric tons and 1000 tons in 2012 according to Albert Cheng, the Far East managing director at the World Gold Council. "We are confident China will become the largest source of demand for gold this year," Cheng said in Singapore. "Over the next two to five years, China and India will go neck to neck and may account for more than 50 percent of world demand."

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Goldcorp is the fastest-growing, lowest-cost senior gold producer, with operations and development projects in politically stable jurisdictions throughout the Americas. The company's strong project pipeline is positioned to drive long-term, sustainable growth. Goldcorp recently reported that reported that adjusted net earnings for the first quarter of 2012 increased to $404 million, or $0.50 per share, compared to $392 million, or $0.49 per share, in the first quarter of 2011.

SPDR Gold Shares offers investors an innovative, relatively cost efficient and secure way to access the gold market. SPDR Gold Shares are intended to offer investors a means of participating in the gold bullion market without the necessity of taking physical delivery of gold, and to buy and sell that interest through the trading of a security on a regulated stock exchange.

Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.ParagonReport.com/disclaimer