Take The Power Back

news.goldseek.com / By Warren Bevan / July 15, 2012
It’s not easy to make a buck in this type of market so we’re sitting and waiting for the right setups to form mainly with the odd little trade here or there.

          Hopefully that will soon change as charts are setting up nicely and could break into a trending pattern soon.

          We’re also watching the beaten down miners closely but in all reality we won’t see them move until gold and silver get on the move which likely means we have the summer to accumulate the good ones we’ve had our eyes on.

          All is not lost though as we have substantial weighting now in six different REIT’s which are paying anywhere from 7% to 16% so we are getting paid quite handsomely to wait out this choppy market.

          The best thing is that these hefty dividend paying REIT’s are also hitting new highs in some cases and are just plain strong in others.

          The summer may be better spent reaping these dividends and hitting a little white ball around or just relaxing and studying for when markets do turn nice again but time will tell.
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印度政府以高利息的吸引力，鼓勵人民把黃金交出黃金

Original Post

Calls for Indian gold bondsgrow louder

為了壓制國家龐大的黃金進口，並同時動用國民手上的黃金，印度政府正考慮發放以黃金作抵押的債券，以便吸引國民把黃金交托給政府保管。

這些債券會以三年至七年的到期日不等。到期時，政府保證交回債券時，可以向政府取回黃金。吸引之處就是這些以黃金作抵押的債卷會有可觀的利息。按照這個計劃，國民如果願意把黃金交給政府，到期時，黃金會原原本本交還給債券擁有人，兼且又有利息收，何樂而不為呢﹖

天 下間那有那麼大隻鴿子呢﹖俗語有說，“便宜莫貪”。政府為何這麼慷慨﹖“人不為己天誅地滅”，天下間有這麼好的政府就上天都開眼了﹗凡是政府都是千方百 計，從人民的袋裡，把財富奪取過來的。天下間沒有政府會把錢放進人民的袋裡的。所謂社會福利，只不過是政府把阿甲的錢拿去，然後把少部份給阿乙。政府只不 過是慷他人之慨而已。

如果印度人相信政府真的會當債券到期時，把黃金奉還，那就是印度人太過天真了﹗

1933年，美國羅斯福總統成功沒收美國人的黃金，就是因為人民從未經歷國這種搶劫模式，以為以長期值US$20美元的金幣換取同等價值的US$20鈔票，沒有什麼不妥。當羅斯福總統完成沒收行動而隨即宣佈黃金價值由US$20成至US$35的時候，美國人才發現自己做了“老親”比欺騙。

相信今天沒有任何政府有膽公然宣佈沒收人民的黃金吧，唯有出鬼計，利用人民的貪念，以旁門左道，把黃金奪取過來。

如果真的有這麼愚蠢的人，自甘墮落政府的圈套，那麼他們就是不配擁有黃金了。

日本人把大量黃金沽出，與世界大勢背道而馳

另 外有新聞佈道，日本人在過去幾年間，大量賣出黃金，使日本成為黃金輸出國。據解釋，日本經濟多年來都是收縮，面對經濟衰退，物價下跌（因為受到來自美國的 壓力，要把市場向外開放）。由於不能再行使保護主義，物價大幅下跌。所以日本人認為既然再沒有通脹，不如把長期積累的黃金賣掉，獲利回吐，把賺到的錢作旅 遊和消費之用。

Japanese pensioners sell their gold

JapanGold Export Most Since ’85 as Individuals Sell Jewelry

另一個理由可能是日本人開始陸續到了退休年齡，再沒有收入，所以要賣金來過活。 

無論如何，這個情況都反映日本已經今非昔比，從一個日出的國家變成個日落之國。有個聰明的網友有這樣的評語，“回顧歷史，我們察覺到黃金永遠是由窮困的地區轉移到新興和富強的地區的”。說得真對 ﹗
 

我們還可以補充一下，黃金永遠都是從落難和失敗者的袋裡，移到成功和得勢的人袋裡﹗

以上的新聞亦提到雖然日本群眾把黃金沽出，但有另一批人則相反對黃金有興趣，這就是一班退休的日本官僚﹗﹗

當日本群眾認為黃金再沒有可取之處，印度政府則千方百計向印度人民拿取黃金﹗﹗

時下的一般人都踴躍地把自己的財富存放到銀行或交給別人來換取些微的利息或股息，都是反映同一個現象。我一向都這樣說，人窮必然會“智”短的﹗﹗

大家近兩年可以見到很多收賣黃金的店鋪在各大型屋苑出現，見到很多“師奶”把家裡的金首飾變賣。大概她們認為把錢放進股票市場抄幾手更能夠賺錢吧。

The Golden Wealth ofTurkey – Frank Holmes  (June 4, 2012)

土 耳其政府亦正在密謀把民間的金拿到自己的袋裡。政府計劃向人民發行有利息的黃金債券。人民若願意把自己擁有的黃金借給政府，政府則給予有贖回期的黃金卷。 這樣把黃金定期存放於銀行的人在這期間會收到利息。所謂財息兼收，政府希望有足夠的給引力，使政府的黃金儲備大增﹗﹗﹗

越 南政府，印度政府，土耳其政府，都陸續謀取國民的黃金。各國的政府都開始意識到黃金的重要性，靜悄悄地不斷在公開市場上吸納。有消息指，歐洲的已破了產的 國家（希臘，葡萄牙，西班牙，意大利）有可能要把屬於人民的黃金儲備交給歐央行作為抵押，來換取歐央行的注資救其銀行。

政府知道黃金值錢，知到黃金才是真正貨幣，但人民則仍然不知不覺，貪得小許利息，斷送自己手上的真財富，來換取一張廢紙。當黃金卷幾年後到期時，你以為政府會乖乖地把你的黃金還給你嗎﹖你如果相信會的話，你就比三歲小童還要傻。

到了今天，全世界的金融，銀行和貨幣體制都在垂死的邊緣，香港的一般市民還忙於希望在股票，房地產，債券身上賺快錢。真是無藥可救也﹗他們不應該再讓主流傳媒和兜售股票，地產和債券的所謂學者財金專家愚弄。他們應該讓頭腦清醒過來，理智一些。

羅耕:人仔存款減因

轉載▼


記得一、兩年許前，人民幣在港存款急升，不少愛國銀行人士以為緊跟中央腔調，高唱不久將來人仔存款直指一、二萬億，應無懸念。怎知數字倒跌，滿地眼鏡碎片。

如果所有事物都可如斯「見好唱好」、「線性外射」，人人都是先知了。事實證明，只曉見勢唱勢之士，只暴露其無料之醜。只要看看曆史，就知人仔存款並非線性上升，而是按對數比例梯級式增加的。

另外，存款是升是停幾乎直接與人仔是否升值掛鉤。
港人錢多，存款多屬閑錢，用貨幣買貨幣，若非收息就博升值。人仔息低眾所周知，存款顯然是博升值。

既然現在人仔倒貶，存款下降便理所當然。

Is the Cartel Moving Silver from Scotia Vaults to the SLV to Meet Delivery Requests?

For the 3rd consecutive day (following the 1 million ounce withdrawal Monday and 651k ounce withdrawal Tuesday) we have a massive silver withdrawal to report from Scotia’s vault Wednesday.
SD reader Saddle has noted that the previous 2 silver withdrawals almost exactly equal a coinciding massive new silver deposit just reported into the SLV fund.
As Harvey Organ has long alleged, it would not surprise us if the cartel is currently scrambling to move around what little PHYSICAL silver they have left to meet delivery requests at the SLV.
Saddle notes:
I want to point out something very important. SLV is allowed to increase its inventory through paper contracts, physical, and futures. If you look at the SLV inventory for July 10, 2012 you’ll see it increased from 311,271,605.500 ounces up to 312,823,227.900. This is a net increase of: 1,551,622.4 ounces.
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Gold Manipulation Will Be Next Big Scandal to Break

The Telegraph’s Thomas Pascoe, who recently revealed that Britain’s gold was dumped on the market by Gordon Brown in order to rescue Goldman Sachs from a 2 tonne gold short position gone bad, follows Ned Naylor-Leyland’s comments on CNBC this week that gold is manipulated along with LIBOR, stating that gold manipulation may well be the next big scandal to break.

Pascoe rightly asserts that manipulation of gold is a bigger scandal than the manipulation of LIBOR, and states (as we first suggested) that the LIBOR scandal will result in MSM attention of precious metals manipulation for the first time.

In the aftermath of the Libor scandal, the Bank of England complained that it had received no forewarning from the marketplace.
Gold price manipulation may well be the next big scandal to break – if it does, this time nobody can say that they were not warned.

The new media and the 24-hour news cycle have a great deal to answer for, not least encouraging a political class which would otherwise be happily engaged expensing duck houses into the belief that it should demonstrate perpetual action on our behalf – hence the endless stream of badly drafted legislation from the corridors of Whitehall.

It does, however, reveal things that would otherwise be ignored. The issue of manipulation in the gold market which I wrote about last week is a case in point. The ball of half-truths and downright lies which have surrounded the issue for a long time is beginning to unspool in an issue internet activists kept alive long before it was acknowledged by the mainstream media.

People ask why the issue is important at a time of naked market manipulation of the Libor rate. The answer is simple: the Libor manipulation scandal can be seen as the thin end of the wedge in terms of government market manipulation.

Although Libor manipulation affects the interest rates we pay on all number of credit products, gold market manipulation is more serious still.

The price of gold is traditionally a proxy for the value of money. A soaring bullion price is indicative of a lack of faith in fiat currency.

Our financial system is predicated on the notion that money stands as a proxy for the factors of production – capital, labour, land and enterprise.

In short, the abundance of money in the economy should be related to the abundance of those factors. The harder we work, for instance, the more we create. There is more labour in the economy, therefore a rise in the money supply is legitimate in order to mirror this. There is nothing wrong with printing money per se so long as the printing reflects an expansion in the real economy.

Twentieth and Twenty-First century economics appears to have done away with this. Money is now created ex nihilo to feed both the top and bottom ends of society.
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專家：金價也可能像Libor一樣被操控

鉅亨網

Cheviot 投資主任 Ned Naylor-Leyland 周二 (10 日) 指出，黃金價格可能也像近日爆出的倫敦銀行同業美元拆借利率 (Libor) 醜聞一樣，長期以來受到金融機構操控。
Naylor-Leyland 於《CNBC》電視節目中指出，由英國銀行巴克萊 (Barclays) 引爆人為壓制 Libor 的相關醜聞，已啟動市場進行更多監督及調查行動。他預料接下來一、兩個月，還會爆出金價也受操控的消息，因為「黃金與白銀反映真實金錢價值的方式，與利率相同」。
Naylor-Leyland 進一步說明，金價受干預有兩個背景：一是各國央行眼見金價及銀價上漲，對自身國家貨幣價值不利；二是數家大型商業銀行擁有非常大的放空部位，他們想要經營這個部位來輕鬆獲利。

Naylor-Leyland 表示，美國當局對於銀價操控的正式調查，已持續進行了 2 年。雖然有很多證據證實操控情事，但調查卻還無結果。
捍衛公平金價的團體黃金反壟斷行動委員會 (Gold Anti-Trust Action Committee) 秘書長 Chris Powell 上個月也對《CNBC》表示，只要全球央行有興趣支持公債及美元，並壓低利率，他們就會繼續操控黃金市場。

聯匯脫勾與香港樓市關係系列完結篇

聯匯倘脫勾 新晉業主或陷負資產

 

前兩篇文章簡單分析了聯繫匯率脫勾如何影響樓市的走向。而對於樓市參與者的影響又會怎樣呢?
假設聯繫匯率脫勾，對於已經供完樓的業主來說，未必確切感受壓力，反而因港元大升引發的經濟問題會更切身。但對於仍在供樓的業主，尤以最近一、二年內置業者，很大機會會變成負資產，被銀行追差額，造成大量銀主盤出現。

另一方面，一旦樓市持續下跌，原先在本港持有大量物業的外國及內地投資者，為了鎖定利潤，降低投資風險，只好紛紛出貨套現，從而引致本港業主加入沽貨行動。市場供應量瞬間大增，香港樓市出現大跌的機會便在所難免了。

而對於暫時無樓人士，根據經驗，由於怕高位接貨，變成負資產，出於「買漲不買跌」的心態，在跌市的情況下，入市意慾會大減，令市場成交量及需求量大幅下跌。
在成交量及需求量減少的情況下，地產代理的生存空間無疑被縮窄了，而地產商則會施行大眾難以想像的情形 — 非劈價不可的賣樓苦況。

其實上述情況的出現與否，還是要視乎聯繫匯率脫勾以後，港元是自由浮動還是與人民幣／一籃子貨幣掛勾。另外，亦決定於聯繫匯率脫勾情況，是突然宣佈的還是循序漸進的。
聯繫匯率，關乎全港市民身家財產，不可輕言今天脫勾、明天受衝擊再掛勾，其存在意義及作用，有十分多值得深入研究和探討。 

余錦雄
世邦魏理仕大中華區估值及諮詢服務部資深董事總經理