Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (24887)	12/2/2003 10:49:33 AM
From: TrueScouse	Respond to of 39344

Tom: This I like... from the Shanghai Daily -- complete with interesting use of English and good advice about yuan-cost averaging! People are underestimating the potential power of this bull market. The Chinese public could add a few hundred tons of gold per year to the demand side. Regards, Howy ===================================== Monkey Year gold bar to hit local market next week Jane Chen / Shanghai Daily news The gold bars to celebrate the coming new year, or the Chinese Year of Monkey, will hit the market in Shanghai next week, a week behind the schedule, today's Shanghai Morning Post said. Local supply, as well as those to other provinces, has been delayed to increase the supply in Beijing, where a gold rush has been roused for the memorial metal products, the report said, citing officials with Shanghai Gold Coin Investment Co Ltd, supplier of the gold bars. As a result, the local supply, scheduled to begin early this week, will probable arrive late this week and the products will go on the shelves from next week, according to the officials. Expecting Beijing's hot market reactions to be copied in Shanghai, the officials are quite confident about the local market. They didn't rule out the possibility that some people would maliciously rush to buy the gold bars for investment purposes. To prevent from this situation, the officials said their company has required the gold bar producer to increase the supply. Investment experts ask people to remain cautious about gold investment and warn against huge purchase in a lump sum. They advise to buy the gold bars on separate days to lower the costs as gold price keeps changing.