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Thanks guys. Follow the Chinese is surely all the advice we need!
I agree Rev. We really need to pay attention to what China is doing… as well as Russia.
Well Reverend, at least a consideration.
cancer will explode in USA and CANADA !!!! fukushima !!!! diss will bye your WW3 !!!
Is franky referring to the black swan that will catch us all unawares?
I heard from some energy experts at the Casey Summit that Fukushima did not pose a radiation problem.
Look into it.
The obvious reason so much physical is moving east is because price is artificially low. Gold is no different than any other commodity. If price is too low then demand will surge.
I’ve used the analogy of Walmart putting plasma TV’s on sale for $100 ea. If they did demand would skyrocket and supply collapse.
Basically the same thing is happening with gold. Price has been artificially lowered by the recent manipulation. Not surprisingly demand has surged and supply is collapsing.
None of this however means that the manipulation has to stop immediately.
Watch the miners. They will sniff out the bottom ahead of gold. So far they are still expecting lower prices.
Just a theory I have run over in my mind a few times but…..How about the PTB that run America did a deal with China and gave them the promise of allowing them the Asian bloc currency supremacy.This is ,of course, is facilitated by Comex giveaway gold and silver prices. When China is loaded up,those in power allow the price to go to it’s natural price levels and the PTB have made their returns and created their Asian currency control.
Please don’t get me mad at me … I absolutely love your website, interviews, guests, etc. But, if I may, I have some constructive feedback:
(1) For this particular interview, you seemed to turn your microphone off when you were not talking. This is an excellent practice, for ALL participants. When you have multiple people on a single phone call, ambient noise can distract (e.g., I have noticed, in the past, that sometimes your movements (scrolling your mouse, shuffling papers) can be heard while a guest is speaking … it can be distracting.
2. Don’t get me wrong, I love your WONDERFUL and varied use of quotes, but today you were a little off: “History does not repeat itself, but it does rhyme” Mark Twain
Again, I REALLY like your website and the fact you ACTUALLY respond, and engage, with the blog participants: You are one-of-a-kind.
Hope you are not mad at me for trying to correct you 🙂
We don’t know how much of the Chinese gold imports are genuine. Some gold imports may be used as a way of expatriating funds (with gold imported from connected parties, smuggled out, and imported over).
It may also be being used for collateralising borrowing schemes that take advantage of on and offshore RMB interest rate differentials.
On the other hand, official figures likely omit smuggling by Chinese gold-mining operations elsewhere in Asia (eg Philippines for sure). And wealthy Chinese are likely accumulating gold offshore, in HK, Singapore & possibly further afield (eg Bangkok/Dubai).
To sum up, there’s HUGE uncertainty surrounding the Chinese accumulation of gold; both in the sense of gold physically moving into China, and coming under Chinese ownership outside their borders…
The Gold and Silver story will one day fulfill its destiny but, just when does this occur? One year, 5 years, 20 years and how does this come about actually? I cannot believe for the life of me that the United States will allow the world or parts of it to tell them exactly what they can do with their paper without some serious chest bumping. Anyways, China has their own problems, as the world does, and I just can’t come to grips with the idea that Gold will ever be the sole metal that backs whatever paper is printed in the future. Besides, the world will be in a severe Depression about that time, wars, famine, disease and utter destruction. I say this paper fiat scheme can go on a whole lot longer than many think, and I am just a laymen coming to this conclusion. I just don’t see a gold standard in my lifetime and I expect to live at least another 30 years. If you think differently then I’m all ears. Lastly, isn’t the idea in investing to buy low and sell high? If this is the case then why does China pay the very top dollar for real things when the value of those things will most certainly fall in the future? I know the paranoid answer but I’m not paranoid, not yet anyways. I have silver and gold as insurance but I don’t own 80% of my portfolio in Gold as Chris does (I believe that is his portfolio).