SI
SI
discoversearch

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.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (68902)12/1/2010 11:00:14 PM
From: TobagoJack  Respond to of 217705
 
some kind of wonderful

if we can go back in time, what would we do?

1999 Dec 31st USD 288/oz
2000 Dec 29th USD 274/oz -6%
2001 Dec 31st USD 279/oz +3%
2002 Dec 31st USD 348/oz +25%
2003 Dec 31st USD 416/oz +20%
2004 Dec 31st USD 438/oz +5%
2005 Dec 30th USD 519/oz +18%
2006 Dec 29th USD 638/oz +24%
2007 Dec 31st USD 833/oz +31%
2008 Dec 31st USD 889/oz +7%
2009 Dec 31st USD 1,095 +23%
2010 Dec 2nd USD 1,392 +27%

and ...

more good news bloomberg.com and imo, the rate of acquisition can easily 5x again as paper money gets closer to Fahrenheit 451 temperature, because price would cease to be a consideration

China Gold Imports Jump Almost Fivefold as Inflation Outlook Spurs Demand
By Bloomberg News - Dec 2, 2010 10:47 AM GMT+0800

China’s gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year as concern about higher inflation increased the appeal of the metal as a store of value, said the Shanghai Gold Exchange.

Imports gained to 209 metric tons compared with 45 tons for all of 2009, Shen Xiangrong, chairman of the bourse, told a conference in Shanghai today. The country is the world’s largest producer and second-biggest consumer.

Bullion soared 27 percent this year and is set for a 10th annual gain as the dollar dropped and investors sought a store of value on concern the trillions of dollars governments are pumping into the global economy may debase the value of currencies. China has pledged to use price controls and may raise interest rates a second time this year to slow inflation that rose in October to the highest level since 2008.

“People there need to buy gold to hedge against inflation as the country’s tightening monetary policy drives investors from stocks and property to gold,” said Hiroyuki Kikukawa, general manager of research at IDO Securities Co. in Tokyo. China’s demand will continue to grow, making the country one of the top importers together with India, he said.

Gold demand in China gained in the first half as government measures to cool the property market and falling equities spurred investment, the Shanghai Gold Exchange said July 7.

“The expectation for higher inflation has fueled great interest among investors to hold physical gold, which led to higher imports,” the exchange’s Shen said.

Sales of gold products such as bars by China National Gold Group Corp., owner of the country’s largest deposit of the metal, jumped as much as 40 percent in the first half, Song Quanli, deputy party secretary at the company, said July 7.



To: carranza2 who wrote (68902)12/3/2010 12:14:49 AM
From: TobagoJack  Read Replies (2) | Respond to of 217705
 
very odd but perfect day

(1) one somewhat well-off person called for sounding-board service and syndication service re acquisition of physical gold, platinum, palladium, and rhodium for storage in hong kong, as well as conversion of his certificate gold into physical in the alps

(2) another somewhat well-off person called to book hios 3rd 1k ozs (2k delivered w/i past 18 months) of panda gold for delivery january

between the two above, they can take down 20+ metric tons of unleveraged goodness goldness getgold.

the ozs are starting to add up and the faith is strong, relentless, and gaining, even as the faith rewards.

what happens when the cash-is-no-object chinese country cousins start calling to engage? omg!

what happens when all see gold as safe savings, sleeping capital, mineralized goodness, and the thing to have?

will 2-swimming pools of getgold and 1/2 living room of pileplatinum be enough top go around the planet?

what is the per capita fair sharing of what can fit into such a small cube ?