Asia’s Richest Man, Li Ka-Shing, Looking to Make Gold Investments – Zero Hedge
More gold demand from China. Not only do the retail investors want it but so does the richest man in China. He waited for a dip in the gold price and now apparently he will be accumulating. Will the demand from the East ever slow? Probably not…but when will the demand in the West start to pick up?
http://www.321gold.com/editorials/laborde/laborde090313.html The deindustrialization of America and easy money but no more jobs; a movie that is filled to capacity and playing across the once prosperous United States.
GOFO still NEGATIVE: (I’ve lost count of the number of days!)
Here are yesterday’s readings with Tuesday’s comparison: GOFO slightly greater negativity:
One month: _+.00000% ( vs Tuesday’s +.00833%
Two month: +.012000% vs Tuesday’s +.01667%
Three Months: +.024000% vs Tuesday’s +.02833%
Six months: +.05800% vs Tuesday’s +.0600%)
The total gold comex open interest rose yesterday by a rather large 8866 contracts from 379,718 up to 388,484 corresponding to a rise in price .
The total silver Comex OI rose slightly by 649 contracts yesterday. The total OI now rests at 115,644 contracts.
Said about Britain, but applying in spades also to the US, which is in worse shape, and does not realize it.
http://info.moneyweek.com/urgent-bulletins/the-end-of-britain/?infinity=gaw~DISPL%2BSPCFC%2BThe%20End%20Of%20Britain~DISPL%2BSPCFC%2BThe%20End%20Of%20Britain%2BKW~21261307629~placement:www.business-standard.com~c&gclid=CO-_6OC7tLkCFUXJtAodT3EAYA
Yes,Li is such a nice billionaire.Well connected to the nth degree:
From: Brent Fullard
To: info@liberal.ca
Sent: Thu, April 14, 2011 7:22:16 PM
Subject: Income Trusts
When are you going to expose Stephen Harper’s lie about tax leakage that was at the heart of his income trust tax? A tax that caused the 75% of Canadians without pensions to lose an essential retirement income investment vehicle.
A tax that was imposed on income trusts held in RRSPs, but not income trusts held by pension funds like the Public Sector Pension fund that manages the retirement assets of Canada’s civil servants and who exploited this unfair advantage when they acquired Thunder Energy Income Fund, and pay no taxes.
A tax that caused over 2 million Canadians to lose over $35 billion in the value of their hard earned retirement savings.
A tax that caused over $100 billion in Canadian businesses formed as income trusts to be taken over by foreigners, like the $5 billion takeover of Prime West Energy Income Trust by Abu Dhabi Energy or the takeover of TransAlta Power Income Trust by Hong Kong billionaire Li Ka Shing, to mention but two of the 45 similar takeovers that caused Canadian taxpayers to lose $1.2 billion in annual revenue, since there foreign investors have structured these acquisition in a manner that will see no taxes collected by Ottawa, whereas as public income trusts held by Canadians Ottawa was collecting $1.2 billion in taxes (on these 45 trusts alone)?
Posted by Brent Fullard at 7:22 PM