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

To: dalroi who wrote (97878)	1/16/2013 6:47:28 AM
From: TobagoJack	Respond to of 218341

(i) supposedly 700 tons of goodness transited last year to team china from freedom hong kong the airplanes loaded w/ gold can pull right up to the airport facility each airplane is only allowed to courier 10 tons or less of the essential metal the facility is only 100 tons for storage capacity the long term storage is essentially by private banking clients, gold traders, and some regional sovereigns the facility was sized to fill w/i 5 years from the get-go, and now at the start of its 3rd year of operation is already 2/3 full. the plan is to double the size by simply adding another section (ii) the facility is basically the front office for the china appetite, and the vast majority of gold merely transit into stronger hands given that it takes 24-hours heads-up to view any particular tranche of gold (the facility only stores 9999-marked bars with serial number from certified mints) one actually cannot be sure where the vault actually is as folks wishing to fondle can only do so in a visitor's room (iii) i uncharacteristically wore a blazer this day, thinking i would be shown some spiff place w/ wood paneling and oriental carpet, served tea by pretty girls and run into bankers from hsbc and jpm. i should not have bothered. would have fit right in had i been in hiking gear. (iv) the facility is insured commercially and reinsured by the hk government. should any unauthorized plane or boat try to take off with the loot, assuming any gang actually found the loot in the first place, such would presumably be blown to bits as gold does not get destroyed but thieves are not gold the glitzy singapore facility is larger, built to impress visitors, and presumably actually store the gold the hk facility is nothing like the singapore facility i was very disappointed by the facility, but i could not but help smile broadly in the presence of 185 pieces of kilo goodness (v) the bars are actually minted from imported scrap by heraeus' god's workers in hong kong and so supporting local manufacturing industry (vi) the owner of the goodness expressed his thankfulness that gold price is suppressed as he intends to hoard more so that more capital can be productive while taking a nap he took a pic of each bar w/ its serial number matched against certificate, and commented, "that is how a physical inventory is done" he figures that at times he can arrange to view the bars whenever he intends to arrived at the airport early for a trip, and then go have some caviar and drink some bubbly. (vii) i shall visit a mint before june, and after that i would know the entirety of the gold value chain, from mine to mill to mint to storage to the trading floor