Tag: gold in china

Power Of Elites Influences Gold And Silver Price More Than China’s Gold

| April 6, 2014 | Category: Price
Power Of Elites Influences Gold And Silver Price More Than China’s Gold

Consequently, do not expect China to be a catalyst for establishing a gold-backed currency. It serves China best to allow the West to maintain its duplicitous control over gold and silver. With no country in a hurry to have a gold-backed currency, one of the biggest factors for seeing the price of gold sky-rocket is off the table. This factor is far more significant than all the demand statistics paraded each week by PM writers.

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China Must Be Very Concerned About The US Dollar

China Must Be Very Concerned About The US Dollar

China is buying gold to hedge against the dollar’s loss of value, they are not necessarily buying gold to introduce a new gold standard and impose it as a world reserve currency. From that perspective, the Chinese must be very concerned about the dollar.

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10 Charts Pointing To Higher Gold Prices In 2014 And Beyond

| February 17, 2014 | Category: Price
10 Charts Pointing To Higher Gold Prices In 2014 And Beyond

In this article we look at gold from different angles: the money supply, the physical gold market and technical gold indicators. Ten long term charts point to a healty condition in the gold market amid the price drop of 2013. We have always advocated to look at gold in a holistic way; the following charts offer a wide perspective.

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Mining Stocks, Chinese Demand, and a Potential Golden Surprise

| February 13, 2014 | Category: Investing
Mining Stocks, Chinese Demand, and a Potential Golden Surprise

The evidence keeps mounting that last year’s Wall Street induced precious metals crash was the real one-off event, and not the record amounts of gold imported into China, or its strong demand as money globally.

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Jim Rickards: Target Gold Price Between $7,000 And $9,000 per Oz

| February 9, 2014 | Category: Price
Jim Rickards: Target Gold Price Between $7,000 And $9,000 per Oz

Gold has a number of vectors. It is technically set up for a massive rally. Let me separate the fundamentals from the technicals. Fundamentally my target price for gold is in the range of $7,000 to $9,000 per ounce. That’s not something that will happen straight away, but it’s not a 10-year forecast either. It’s a three- to five-year forecast, for the price to rise by about five to six times.

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Lower Gold Prices Spur Demand for Physical Gold

| February 4, 2014 | Category: Price
Lower Gold Prices Spur Demand for Physical Gold

The significant increase in physical demand for gold in Asia, especially China is set to continue, and it looks as if Asia is going to play a much bigger role for setting the international prices for gold.

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There You Have Gold’s Unique Feature: Price Down, Demand Up

There You Have Gold’s Unique Feature: Price Down, Demand Up

What is currently unfolding in the gold market is truly astonishing, especially in Asia. Ggld coin demand is exploding also in Europe and mints can’t keep up with demand. Things are so extreme in Asia that (a lack of) storage is becoming an issue. Which other financial asset sees demand exploding when prices go down?

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Are Wealthy Chinese Short Sellers A Source Of Future Demand?

Are Wealthy Chinese Short Sellers A Source Of Future Demand?

I am sure that is the majority view of Chinese and this short selling is limited to a few, but China is a big market and this trade could still be significant in terms of the global gold trade. Maybe we have just found another source of potential future demand should these Chinese short sellers come to the view that gold has bottomed.

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People Bank Of China Promotes Participation In Gold Market

People Bank Of China Promotes Participation In Gold Market

The Chinese central bank People Bank Of China concludes their latest monetary policy report with several actions, one of which being: “The diversity of participants on the gold market will be promoted,

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Jim Rickards: Gold Is Setting Up For A Huge Technical Rally

Jim Rickards: Gold Is Setting Up For A Huge Technical Rally

In this short but fascinating interview on Bloomberg TV, Jim Rickards summarizes today’s controversial gold market situation in just a couple of minutes. He says the gold market is technically very bullish, but basically one needs to understand all aspects of the market (not only the declining price). In particular, the key of gold’s bullish situation is related to the physical market which is right now being redefined by China.

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Gold – A Supressed Market Remains Suppressed, But For How Long?

| December 22, 2013 | Category: Investing
Gold – A Supressed Market Remains Suppressed, But For How Long?

The price of gold must be kept suppressed at all costs for many of the reasons cited. Does the fast-fading world reserve currency look like it is collapsing? The chart does not suggest it is.

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The Gold Market: The Truth Will Come Out Eventually

| December 21, 2013 | Category: Investing
The Gold Market: The Truth Will Come Out Eventually

Jesse gives his view on several aspects of the gold market. Strange things are happening currently. But at the end of the day, the truth will come out, and things will make sense again, always. And then these same ones will say, ‘Who could have seen this coming ?’ This is how it always is, if you look back over the history of bubbles and crises.

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The Dollar And Gold In The New Great Monetary Game

The Dollar And Gold In The New Great Monetary Game

It’s fairly obvious that China is moving ahead with its plan to dismantle the dollar’s dominance in world trade and internationalise the Yuan. However, it would hasten this process if the Chinese make good on recent comments from the People Bank Of China.

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The Gold Is Gone

The Gold Is Gone

You could go into a vault in london a couple of years ago. The vaults were packed to the rafters with gold, and the gold would trade from me to you to somebody else. You can walk into those vaults today and they are virtually empty. All that gold (26 million ounces) has been transferred from London and has gone to Switzerland where it has been recast to higher grade formats and shipped off to Hong Kong and then to China never to return.

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