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World's top 10 buyers & producers of gold

April 30, 2009

China: 2nd largest buyer; number one producer

Beijing has gold holdings of 1,054 tons, up from 600 tons in 2002, and still wants to buy more gold.

China produced 280.5 tons of gold in 2007, making it the world's number one producer of the precious metal.

China is also the world's second largest buyer of gold. It bought 328 tons of gold in 2007.

Source: GFMS (Gold Field Mineral Services)

Image: Lam Sai-wing, chairman of Hang Fung Gold Technology Group, poses in a golden bathtub in an exhibition hall decorated with two tonnes of gold next to his jewellery shop in Hong Kong. | Photograph: Bobby Yip/Reuters

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