I bought some gold in brisbane today but there was little to choose from. supply is very constrained now.
That's because it is all in China. There is a display like this in every bank alongside the noticeboard advertising dodgy shadow-banking "term deposits".
Wow, in every bank? I didn't know that. I often find it amusing that the big property bulls on this forum point to China as a force that will sweep away all our problems here yet the deride gold which the Chinese clearly have elevated to a a mainstream investment vehicle. You would think they would take the hint from the wealthy Chinese who are coming out here and supporting their property markets.
You should learn to use the internet like the rest of us, then you could do your own research and be ahead of the curve instead of 6 years behind it pigiron. Here, I'll do the google search for you this time.
On Aug. 5, an official from the People's Bank of China (PBoC), published an article in a leading Chinese market journal suggesting that now would be a good time to convene a new 'Bretton Woods' conference with the intention of creating and implementing a new gold backed reserve currency to replace the dying dollar.
Wow, in every bank? I didn't know that. I often find it amusing that the big property bulls on this forum point to China as a force that will sweep away all our problems here yet the deride gold which the Chinese clearly have elevated to a a mainstream investment vehicle. You would think they would take the hint from the wealthy Chinese who are coming out here and supporting their property markets.
Well, I guess the banks will try to make money any way they can. It is an interesting phenomenon at the very least. Your average Chinese has fairly limited investment options - a crooked stock market, deposits that pay bugger all, shadow banking products that look like deposits but are actually pretty damn risky, real estate that seems risky to me, and gold.....
All ways to fleece the man in the street in my view.....
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
You should learn to use the internet like the rest of us
so why can't you even manage to post a link which doesn't end in a 404 not found?
goldbug
17 Aug 2013, 08:38 AM
On Aug. 5, an official from the People's Bank of China (PBoC), published an article in a leading Chinese market journal suggesting that now would be a good time to convene a new 'Bretton Woods' conference with the intention of creating and implementing a new gold backed reserve currency to replace the dying dollar.
as vague as it gets. you really are grasping at straws. i can't say i blame you, you're still down over 18%.
See the part where gold rallied last night while the market dropped in an apparent assumption QE tapering is coming?
Yeah..
Gold has had a reasonable kickstart.. Silver is even better.. However it's not brilliant news.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
you really are grasping at straws. i can't say i blame you, you're still down over 18%.
18%, wow. I didn't know it had climbed back up that high. It's almost like it never had a correction here in Australia. But your pinning your hopes on this being a dead cat bounce are'nt you, lol, you'll be out of pocket a lot of gains if that is not the case.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
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