TOPEKA, Kan., Sept. 28, 2011 /PRNewswire/ -- The management of
Talisman Holdings, Inc. is growing increasingly more comfortable
about its entry into the gold market. Not that it needed a boost of
confidence, but Chinese gold activity in recent years serves to
confirm the decision. For the first time, the demand for gold in
China was so strong it outpaced
the combined total of the developed West during 2010. This buying
demand is putting a strain on availability, and makes this
Company's gold concessions even more valuable.
From 2007 to 2010, gold investment demand in China grew at a compounded annual growth rate
of 68%. The origins of this growth can be traced back to the late
1980s when the government began lifting restrictions on gold
ownership. Then, in 2001, the government lifted its final controls
on the gold market, igniting one of the greatest booms in gold
history. Recently, the government and state banks encouraged
citizens to purchase gold and initiated gold purchasing
programs.
The statistics are astounding:
- China's demand for gold
jewelry has increased from just over 500,000 ounces in the late
1980s to over 12 million ounces at close of 2010 (despite
skyrocketing gold prices).
- On a per capita basis, per capita consumption of gold in
China has more than doubled since
2005.
- The total amount of household savings invested in gold has
grown from about $200 billion in the
late 1990s to $1.2 trillion in
2010.
- The total savings invested in just the first quarter of 2011 is
equal to the total amount invested in 2004, and more than the
previous six years.
A Chinese management fund said, "Gold has taken on a new role in
China amid concern about inflation
. . . Just imagine the total wealth in China and even a small percentage of that
choosing to buy gold. This demand is going to be enormous."
David Lang, Talisman President,
said: "This strong Eastern demand for gold is good news for
everyone in the business. In terms of gold consumption per capita,
China and India have tremendous catch-up potential and
we believe this impact on gold prices will be dramatic. We are well
positioned to take advantage of this demand."
About Talisman Holdings:
Talisman Holdings, Inc. (TMHO:PK) is a highly innovative holding
company built on the belief that the world's greatest potential for
financial growth lies in emerging companies. Talisman Holdings
finds undervalued small and microcap businesses with breakthrough
products, services and technologies and delivers the equity,
financial guidance, strategic counsel, consulting and business
functions they need in order to succeed in the public marketplace.
Taking an ownership or equity stake in standout emerging growth
companies creates assets and drives shareholder value for Talisman
Holdings, and the diversified holding company organizational
structure and range of industries provides diversity of risk. For
more information please visit Talisman's website at
www.talismanholdings.com.
FORWARD-LOOKING DISCLAIMER
This summary contained forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements address future
events and conditions concerning the company's business plans. Such
statements are based on management's current expectation and are
subject to a number of factors and uncertainties, such as future
economic conditions and changes in anticipated revenues and costs,
which may cause actual results to differ materially. The company
expressively disclaims any future obligation or undertaking to
update or revise any forward-looking statements contained herein.
Investors and potential investors should independently investigate
and fully understand all risks before making investment
decisions.
For more information contact us at:
Talisman Holdings, Inc.
3101 Southwest Shadow Lane
Topeka, KS 66604
Phone (785) 357-1055
Fax (785) 357-1105
info@talismanholdings.com
SOURCE Talisman Holdings, Inc.