NEM, a major gold producer, has significant assets or activities in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico. The financial crisis of 2008/2009, which resulted in substantial monetary relaxation, may lead to inflation and encourage central banks to increase their gold reserves to prevent currency devaluation. Gold sales for 2010 are expected to reach approximately 5.3 million ounces, producing net revenues of $7.1 billion.