Hello Lisa, <<Chinese buying gold>> We (the business) are giving 1/10 to 1/2 oz Panda gold coins as New Years presents to some mainlanders who have been helpful this past year, and the coins are more appreciated than even I can describe.
I have also asked my staff to try to buy some BBC reported Chinese retail monetary gold bars with the sheep design, and I wait to hear their report from the front lines. When I do, I will relate same on thread.
<<investment in China>>
I am taking a 10 year time frame and thus are in no particular hurry, collecting shares by and by, starting with an approximately equal weighting of all China/HK shares on my Watch List Message 18361634 , and a triple weighting Hong Kong and Shanghai Bank, plus double weighting of PetroChina.
I had temporarily traded out of my Bank of China shares, because the share price is, I belive, being manipulated to stay at more or less around HK$ 8.50. I buy at below 7.9 and sell at 8.2, repeatedly, again and once more.
My allocation to China is small, at around 1.8%, which is more or less the same as my allocation to US (2.22%) and SAfrican (2.07%) shares, but then my US and SAfrican shares are mostly mines. Like I said, slowly, slowly, until the path is more clear.
I am ultimately willing to allocate 10-15% to China, but no more, at least not anytime soon. Money has too many useful uses all over the globe.
I will easily sell out of China when it gets too heated. Money has no nationality and recognizes no borders.
Chugs, Jay |
