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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 393.24+1.1%Dec 11 4:00 PM EST

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To: Canuck Dave who wrote (71050)2/17/2011 6:53:35 AM
From: TobagoJack  Read Replies (2) of 218455
 
good news just got better

connecting the dots between supposedly anti-property inflation administrative measure and pro-gold revaluation

just in in-tray

From: M
Sent: Thu, February 17, 2011 11:28:57 AM
Subject: Re: Comments - Week of February 14

Methinks he underestimates the average Chinese buyer.

“Gold is about to go bust,” he said. “There is not a supply issue with that commodity. Never has been … and as soon as the world banks decide that one way to bail out their fiscal mishaps will be to sell gold at historically high prices — gold that they were buying in metric tons just last year — I think you will see a run on gold to the tune of 20% to 30% to the downside.”

marketwatch.com

If China makes real estate inaccessible as an inflation hedge, where else where they turn?

From today's SCMP:
Beijing will require non-local residents to prove they have paid taxes in the city for five years before they can buy a home there - the strongest measure it has taken so far to curb runaway prices in the capital.

"The rule will pour cold water on the market immediately since non-local residents account for about 60 per cent of the capital's transactions," said Kenneth Pak Kei-yuen, a senior general manager in the Beijing office of Hong Kong estate agency Midland Realty.

M
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