Reasons Cited for Speculation in Gold

World's largest solid gold brick weighing 220kg (485lb)

·         Converse connection with Equity investment & direct relation with crude

·         Degree of investment demand from wealthier investors

·         IMF announcement of its plans for sell or buy under the Central Bank Gold Agreement

·         Indian central bank’s purchase of gold

·         Recent euro weakness as the result of fiscal issues in Greece and other peripherals

·         Gold’s Physical Market – jewellery fabrication

·         Longer-term impact of President Obama's bank proposals on gold

·         Actual and anticipated monetary tightening in China

·         Royalty taxes that apply to mining projects

·         US Federal Reserve Open Market Committee meeting

World Gold Council

Australia world’s third largest gold producer