Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
What Chinese Consumers Are Rushing To Buy This Christmas; Not plasma tv sets
Topic Started: 27 Dec 2013, 12:35 PM (1,856 Views)
goldbug
Default APF Avatar


What Chinese Consumers Are Rushing To Buy This Christmas

Quote:
 

While the US consumer is rushing to spend what little savings they have left and grab that last for 2013 "X% off" deal from the local inventory-clearance bin on plastic Made in China trinkets or marked-down clothing, Chinese consumers are likewise scrambling to buy products. Only, unlike in the US, the object of China's affection is not some gizmo that will end up in the local landfill within 3-6 months. China News Network shows what it is.


Gold price lower and lower end of the Christmas rush of people buying
Posted Image

Taiyuan a gold shop gold prices as low as 287 yuan / gram, people flocked buying gold jewelry. Western Christmas in China has gradually become the "Consumer Day", much of the gold market on this day after discounts, plus the price of gold hovering cheap Christmas discounts, and more gold has broken 300 yuan / gram mark.
http://www.zerohedge.com/news/2013-12-26/what-chinese-consumers-are-rushing-buy-christmas


Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Why isn't it affecting the price?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
K-town
Member Avatar


Publicly available data show that this year, gold prices fell more than 25%. The picture shows a gold shop in Taiyuan people flocked to buy.

Wow. Chinese consumers are buying jewelry advertised at 25% off.

Unheard of in crazy western world.

Posted Image
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


newjez
27 Dec 2013, 12:49 PM
Why isn't it affecting the price?
The paper price? Probably because 99% of all the gold traded on the planet is paper gold, and if you can manipulate that market to your profit what do you care about what happen to the other 1% :lol

Just trade paper, at least until the paper system crashes.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
Count du Monet
Member Avatar


newjez
27 Dec 2013, 12:49 PM
Why isn't it affecting the price?
What you think gold will stay at $1200 forever? The Indian government has tried to forbid gold imports.

I told you gold is worth $1600 US.......$1200 is too cheap.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
Profile "REPLY WITH QUOTE" Go to top
 
themoops
Member Avatar
Ruby Member
Those ghost towns just aren't cutting it anymore.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
Profile "REPLY WITH QUOTE" Go to top
 
Pig Iron
Member Avatar
Bogan scum

goldbug
27 Dec 2013, 01:01 PM
The paper price? Probably because 99% of all the gold traded on the planet is paper gold
and you tried to tell us the paper price doesn't matter :lol

Count du Monet
27 Dec 2013, 01:03 PM
What you think gold will stay at $1200 forever? The Indian government has tried to forbid gold imports.

I told you gold is worth $1600 US.......$1200 is too cheap.
it isn't going to $1600 anytime soon. you don't have a clue.
Edited by Pig Iron, 27 Dec 2013, 02:14 PM.
I am the love child of Tony Abbott and Pauline Hanson
Profile "REPLY WITH QUOTE" Go to top
 
Count du Monet
Member Avatar


Pig Iron
27 Dec 2013, 02:13 PM

it isn't going to $1600 anytime soon. you don't have a clue.
:D
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Count du Monet
27 Dec 2013, 01:03 PM
What you think gold will stay at $1200 forever? The Indian government has tried to forbid gold imports.

I told you gold is worth $1600 US.......$1200 is too cheap.
So,you have a liquid asset with a sticky price?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
Count du Monet
Member Avatar


newjez
27 Dec 2013, 06:13 PM
So,you have a liquid asset with a sticky price?
To buy gold in India requires a domestic price of 1500 USD.


http://news.smh.com.au/breaking-news-business/india-china-top-gold-consumers-20131009-2v8h8.html

Quote:
 
"By far, the two largest consuming countries are India and China."

India consumed 864 tonnes of gold used for jewellery, bars and coins in 2012, China consumed 784 tonnes, the United States 162 tonnes, Turkey 110 tonnes, and Thailand 81 tonnes.

India and China accounted for more than half of global jewellery fabrication and final consumption at retail level.


I don't how extensive the Indian import ban, but normally they consume a big chunk of the world production. Indian currency is notoriously bad, so a lot of jewelery in India must be hording as a form of savings.


Quote:
 
Dec 16, 2013 - The inflation rate in India was recorded at 7.52 percent in November of 2013.


http://www.thehindu.com/business/Economy/chidambaram-rules-out-lifting-ban-on-import-of-gold-coins/article5261146.ece

Quote:
 
Both the Reserve Bank of India (RBI) and the government have taken a slew of measures to curb gold imports to narrow the CAD to $70 billion or 3.7 per cent of GDP this fiscal.

Gold imports touched a high of 162.4 tonnes in May and fell to 7.2 tonnes in September.

The government expects gold imports to come down to 800 tonnes this fiscal.



Milton Friedman's idea was to limit visible inflation to 3% pa (the reality being more 5.5%). The theory is this is the case where the frog gets slowly boiled without leaping out the pot. This seems to have been the method adopt by Basel.



The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy