Despite the massive sell off today the fundamentals for Gold remain rock solid , they sell we buy , because they see gold as a speculative investment we see gold as money the only money that preserves its value over time , paper is just an illusion , let them keep accumulating paper assets cash bonds stocks we will keep accumulating real assets gold and Silver and thanks for the discount by the way , Peter Turville-Ince, Head of Commodity & Equities Strategy at Compass Global Markets, believes that gold prices will continue to rise, and the volatility surrounding the gold market will subside.
2011年10月7日星期五
The Chinese Mean To Control The Global Gold Market
The Chinese Mean To Control The Global Gold Market
Robert Lenzner, Forbes Staff
Get ready for the Pan Asian Gold Exchange, scheduled to open in June, 2012 in Kunming City, Yunman Province– the gateway to all of Southeast Asia. This is serious, as the Pan Asian Gold Exchange is a part of China’s five year plan– which means it is part of China’s strategy for dominance in global financial markets and the global economy.
Pan Asian will allow Chinese to speculate in gold futures contracts or buy physical gold through an account with a bank or broker. All 320 million customers of the giant Agricultural Bank of China will. simply be able to use their Renminbi, the Chinese currency, from their bank accounts to trade gold. Sounds bloody dangerous doesn’t it.
It means the spot market in gold could be headed for China– and away from London’s Metals Exchange or the Comex in New York. I’d like to know who is going to oversee and regulate all this action. For example, when the Comex raises margin requirements to dampen speculative fervor– will China bew governed by that? I doubt it very much.
In June you’ll be able to buy spot gold or futures contracts in China. It also means that the Chinese currency- not dollars– will for the first time become the ruling currency used in one of the major speculative commodities of our age. All eyes will be on the influence of the gold trade in China rather than New York, London, Switzerland or South Africa.
Another reason for registering the reality of gold as a trading vehicle, an investment for households, central banks, hedge funds, endowments. Another bullish force behind the powering of gold prices higher.
No wonder George Soros has bought back some or all of the gold position he sold around $1600 an ounce.
http://www.forbes.com/sites/robertlenzner/2011/09/27/the-chinese-mean-to-control-the-global-gold-market/
Michael Pento - Fed’s Time Bomb & Impact on Gold Market
未來一兩年,美國有成15萬億債到期......
Michael Pento continues:
“The problem is that America’s addiction to artificially-produced low interest rates is becoming permanently cemented into the economy. By definition, artificially-low interest rates cannot last forever. Once debt supply and inflation pressures overwhelm the Treasury market, as they inevitably must, yields will soar. If you doubt that fact, ask the Greeks if the ECB is capable of holding down yields forever. The interest rate on their two-year note is now above a staggering 70%.
However, by the time it comes for the US to face the reality of a free-market based cost of money, the U.S. banking system and indeed the entire government will have become completely dependent on the continuation of nearly free money to maintain solvency....“America’s teaser rate and adjustable rate mortgage on her $15 trillion debt will most likely expire within a few short years. An insolvent banking system and an insolvent government will be the result of believing we can and should borrow more than $1 trillion above what we raise in revenue each and every year; simply because the cost of financing is so low.
The ‘solution’ to European and American insolvency is always sought from the printing press. Is it really any wonder why gold is still up $260 an ounce YTD. This is why the gold bears and those who have given up on the gold market will be extremely disappointed in the weeks and months ahead.”
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