Research On The Development Of Gold Industry Based On Gold Properties

With its unique physical and chemical properties, gold has extended to three economic properties in the economic society, which are currency, investment and commercial properties. Based on these three properties, the economic activity of gold has grown into an industry to be reckoned with today. The influence has increased in the development of the national economy. Since the reform of marketization in2002, the development of China's gold market is significant. At present, China has become the largest produce country of gold and second largest consumer country of gold. In2011, the gold of trade contract of year cumulative amount is7.2218million, which increased112.59%. The cumulative transaction amount is2.55trillion, which increase128.68%. However, the industrial policy of China's gold industry is in the establishment and development level, such as serious low-level duplicate construction, low industrial concentration, extensive production process, slow transition of growth form, foreign capital utilization, and management issues of opening to the outside world need to be improved.Gold had occupied a core position in the monetary system. After separating from money standard, in a certain extent, gold still has the property of exchange and circulation of currency, but it has been added the investment property, has the reserves of value, and can bring a good income. Related to the currency and investment properties of gold, it also has a merchandise property, which means, depending on its natural quality, it can be a special mineral material for satisfying the requirements of production and life. The research of gold currently focuses on a particular property or the combination of three properties, or providing suggestions to the domestic gold market system construction and paper gold trading investment by the study of domestic and foreign trade investment system. This paper is based on the analysis of gold's three large properties, the dissection of China's gold industry situation and existing problems, using supply-needs theory, EVIEWS6.0software and SWOT analysis methods, investigating the supply-demand and the price of China's gold industry, tentative discussing and forecasting the future of gold supply-demand pattern, price tendency, development trend of gold industry, and suggesting China's gold industry needs to improve industry concentration, opening up, promotes gold market to mature policy. The result of research is the following conclusions:first, China's gold industry will continually play an important role in the national economy, particularly in suggesting to increase gold reserves, and further enhancing the diversity of foreign exchange reserves and investment income, preserving national economic security; second is China's gold industry will be much progress in the future, and gold mining should continue to enlarge. These conclusions will contribute to the planning of China's gold industry, and achieving sustainable development in the future.The shortcomings of this article are the difficulty of data collection and collation in the gold industry, the difficulty of screening indicators quantitative analysis, requiring further research and discussion in the future.