Tag: gold in china

Interactive Infographic: 10 Countries With Highest Gold Reserves

Interactive Infographic: 10 Countries With Highest Gold Reserves

The website of Physicalgold.com released an interactive infographic with some interesting facts and figures about the ten countries which hold the highest gold reserves in the world. Countries hold gold as a precaution to safeguard themselves against inflation, loans, debt and economic disasters. The total gold holding globally was just under 32,000 tonnes in the summer of 2014.

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China’s Strategy Starting To Corner The Gold Market

China’s Strategy Starting To Corner The Gold Market

China has a 4-way global gold supply domination strategy. And it’s starting to corner the market. First, China buys physical gold in world markets, fabricates it where necessary into “good delivery” bars – in Switzerland or the Middle East – then ships the bullion, transparently through Hong Kong or Shanghai. Second, it keeps virtually all domestically mined gold “in house.” Third, China partners with or buys high grade, in-situ gold projects around the globe. Fourth, China’s efforts to purchase “off the books” gold production from what are known as informa or artisanal gold miners in Africa and South America.

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10 Remarkable Gold And Silver Trends Going Into 2015

| January 4, 2015 | Category: Investing
10 Remarkable Gold And Silver Trends Going Into 2015

The chart setup for gold and silver does not really look like prices are ready to move much higher, at least not in the short run. Excellent chart analysis of gold and silver was provided by Michael Noonan in Gold And Silver Charts Going Into 2015: Expect More Of The Same, courtesy of ChartAnalyst.expert. Although we should not expect fireworks in terms of price, there are some favorable trends “under the hood”. They do not reflect the generally accepted pessimism towards the metals among investors. Our belief is that it will take some time until the price will move back in line with these fundamental trends. Until then, gold or silver owners can rest assured that the gold and silver market is not as bad as some would like to make you believe.

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Dollar Reserve Currency Dying But Meantime No Respite For Precious Metals

Dollar Reserve Currency Dying But Meantime No Respite For Precious Metals

In a nutshell, if the elites have their way, and to date they remain unopposed, the fiat Federal Reserve Note, aka the debt “dollar,” will be replaced with some form of a new international currency, or perhaps Special Drawing Rights, an international basket of currencies. All money may exist as computer credits that can be readily tracked. If anyone dare oppose the bankers, poof, your credits just disappeared, and you have nothing. Bankers rely on debt largesse and fear.

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The Day People Will Need Insurance, Gold Will Not Trade At $1200

The Day People Will Need Insurance, Gold Will Not Trade At $1200

Say what you want about the gold price languishing below $1200, and say what you want about the technical picture or the “6,000-year bubble,” as Citi’s Willem Buiter recently termed it; but know this: gold is an insurance policy and the time to assess gold is when people have a sudden need for insurance. When that day comes — and believe me, it’s coming — the price will be the very last thing that matters. It will be purely and simply a matter of securing possession and at any price. That price will NOT be $1200. A “run” on the gold “bank” would undoubtedly lead to one of those Warren Buffett moments when a bunch of people are left standing naked on the shore.

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Dramatic Increase in Gold Flows into China

Dramatic Increase in Gold Flows into China

The larger rationale for holding precious metals is even better – when times are good and people have more disposable income, as literally hundreds of millions of “Chindians” are in the process of achieving right now – the buy-and-hold demand for precious metals looks destined to rise in a big way and continue doing so in the foreseeable future.

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The Development and Opening of China’s Gold Market

The Development and Opening of  China’s Gold Market

This is a translation of a speech delivered by Xu Luode, Chairman of the Shanghai Gold Exchange, about China’s gold market. He said he thinks China’s gold market is developing very well. He is very confident about the launch of our international board and very optimistic about the development of our gold market as a whole. In terms of development opportunities for the entire gold market in China. There is a tremendous potential for China’s physical gold market.

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A Glimpse Into Our Monetary Future

A Glimpse Into Our Monetary Future

China is most likely evolving towards a gold backed Yuan. They are actively promoting the Yuan as a trade currency, as evidenced by almost daily announcements of bilateral swap agreements. On the other hand, the nations of the BRICS announced their own monetary fund which is evidence of a growing number of initiatives in which countries are moving out of the US Dollar. Putting all this together, it seems that an SDR based reserve currency with a more important weighting of BRICS nation and some parts in gold, is a very likely scenario.

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Low Gold And Silver Prices Are Not The Reason To Own Precious Metals

| August 23, 2014 | Category: Price
Low Gold And Silver Prices Are Not The Reason To Own Precious Metals

The end is nearer and nearer, just not in sight, but for those who can exercise even a minimal amount of foresight, taking self-direction has never been more important. The charts give no indication of panic by those in control of the PM market through the use of derivatives. The fact that China is endeavoring to become the next gold trade center, in control of a legitimate pricing mechanism has done nothing to alter the chart read. Gold has almost disappeared from the headlines this past week, and the fact that it cannot make a move out of its protracted trading ranges explains why. There is nothing apparent over which one can be enthused for the prospects of higher prices, but one must always be prepared for events when they do happen.

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Is Gold Demand In China Really Collapsing?

Is Gold Demand In China Really Collapsing?

Imports through H.K. are falling precipitously, as China is now hiding its tracks by importing more through Shanghai and Beijing. Unless something changes before year’s end, it’s my opinion that this chart will no longer serve any useful purpose.

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Gold Investors Weekly Review – July 25th

Gold Investors Weekly Review – July 25th

In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. Gold closed the week at $1,307.49, down $3.61 per ounce (-0.27%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 0.57%.

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The Truth about China’s Massive Gold Hoard

The Truth about China’s Massive Gold Hoard

This eye-opening article explains how China is influencing gold demand and prices and what it means for Western investors. Readers will discover how much gold China is really buying and steps their taking to undermine the U.S. Dollar as the world reserve currency. It even includes a prediction for gold prices. It’s a must-read for any precious metals investor.

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How Eastern Gold Demand Is Transforming The Gold Market

How Eastern Gold Demand Is Transforming The Gold Market

With his strategic position at the Perth Mint, Bron Suchecki has an excellent view on the gold market. The current situation, specifically at the Perth Mint, is characterized by no selling but also by a lack of new buying (at private investment level). Last year’s selling has been concentrated in the ETF’s and short term trading (on institutional level). Selling appears to be exhausting at this point, which is an important evolution. Increased Western gold demand in the future could lead to a squeeze because existing Eastern holders will be the suppliers, and they will only offer the metal at higher prices.

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Which Drivers Made Of China The World’s Largest Gold Market?

Which Drivers Made Of China The World’s Largest Gold Market?

In this article, Frank Holmes from USFunds.com explains the drivers behind the Chinese gold market, and how China established to become the world’s largest gold market. In sum, he says that consumer demand has exploded because the purchasing power of the middle class has increased, that industrial demand has gone up as well, while the central bank has exchanged much of its dollar into gold.

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