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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (43167)	12/13/2003 5:57:57 AM
From: TobagoJack	Read Replies (4) \| Respond to of 74559

Hello EP, <<FDG doesn't have make sense on a value basis, just be fashionable....and coal could be next years black>> ... precisely. <<coal>> ... I am told that one reason China decided to stop its coal export is because apparently the Japanese had been importing the coal, but unlike Philippines which uses it to generate power, Japan simply dumps it somewhere and hoard it for use later. I cannot be certain of the validity of this claim. ... But, if this is in fact how the planet is going to go, or how the story will go, with the amount of paper money being printed, surely the price of commodities will go higher, and then much higher? Today, I tried to buy some gold in Beijing after finishing lunch in a mall (I had Mogolian Hotpot for lunch). I asked the shop clerk at jewelry store in the same mall where I could buy some gold coins or bars, and she unhesitatingly referred me to a shop two blocks down in a pedestrian street in WangFuJin (one of many shopping districts), to a place in Dong An Market. I bought a 20, 30 and 50 gram bar of 99.99 gold, and the per gram cost is RMB 115, with (I am told) 31.15 grams to an ounce. I paid with my credit card which is strange, because in Hong Kong, monetary gold can only be paid for with cash or personal check or bank draft. The little but hefty bars were quite adorable, tightly wrapped in a thin layer of shrink wrap plastic film that still allows the coolness of the metal to seep through during fondling :0) I talked with the shop clerk and they tell me the monetary gold bars are quite popular, and they believe they will sell much more when a repurchase system is in place. There were bars as massive as 250 grams. There were 1/2 to 1/10 ounce Panda gold coins, but there were no 1 ounce coins ... all sold out (I think the mintage for 1 ounce coins is only around 30,000 per year, so far since 1983. Chugs, Jay