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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.47-0.2%Dec 5 4:00 PM EST
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To: TobagoJack who wrote (84756)12/19/2011 4:46:56 PM
From: Just_Observing  Read Replies (2) of 218197
 
What is going on with silver and gold? They are getting hammered while US debts and unfunded liabilities reach $131.96 trillion ($15.08 trillion + $116.88 trillion) and growing at $8.7 trillion a year.

Meanwhile only 1 billion ounces of silver bullion (worth only about $29 billion) and 2 billion ounces of gold bullion (worth about $3.2 trillion) are available world wide. Only about 5.3 billion ounces of gold have been mined in human history (worth about $8.5 trillion) but only 2 billion ounces are available as bullion. Silver is about 15 times as common as gold but most of the silver has been used in industrial and other applications and so only little is available as silver bullion. So the value of gold bullion is about 100 times the value of silver bullion available.

It is reported that land values in Beijing reached $19.74 trillion in January 2011. Why are the Chinese not buying gold and silver in massive quantities given the bargain prices? If I had Chinese real estate, i would be diversifying a few percent into gold and silver.

Thanks for your views.

usdebtclock.org

"According to the China Economic Weekly magazine, property prices are currently so high that the total value of land in Beijing, estimated at 130 trillion Chinese yuan (US$19.74 trillion), surpassed the United States' gross domestic product of US$14.5 trillion for 2010."

wantchinatimes.com
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