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For Those Questioning Gold Bullion

March 21st, 2012

Once again the anti-gold analysts are questioning gold bullion. Currently, only the players on the sidelines who have no positions in gold to lose are tossing in their two cents when it comes to the gold bull market. We are in a correctional phase for gold bullion, though it is very much predicated not on the gold market itself but on the strength and consolidation in other markets, particularly currencies as the third bailout for Greece gets underway.

The market experienced two significant corrections in September and December of 2011, during which time the price of gold corrected at least 10 percent. A decrease in price up to 20 percent is considered technical ground for a correction. Anything over that line would call for an evaluation of the market. Currently, we are seeing prices at 13 percent below highs, placing gold squarely in a typical correctional phase.

However, a couple market analysts who missed the gold wave cannot make it a bear market just by saying so. In September and December, Nouriel Roubini and Dennis Gartman very notably proclaimed that gold had exited bull territory. While Roubini launched his inaccurate attack on Twitter, Gartman actually sold his positions in gold. Of course, following their proclamations, January of 2012 was a great high for precious metals with the US Mint selling out of silver Eagles and experiencing record-breaking demand for gold Eagles. Gartman has since publicly apologized.

And Gartman seems to have learned his lesson. He was quoted on March 9, 2012 as saying, “gold likely to outperform stocks.” Gartman’s fundamental market analysis may be wanting but he certainly learned his lesson on gold.

The bull market is nowhere near over. In real terms, gold is incredibly undervalued at its current price. Mr. Gartman mistakes that for a message about gold instead of a message about the rest of the market. Due to an inflationary market environment, the dollar has less purchasing power. This process is not likely to cease anytime soon. Gold bullion, in this case, will be the best place to preserve and grow capital.

Gold Bullion in the Federal Reserve Game

March 15th, 2012

A lot of people take a lot of jabs at the current Federal Reserve Chairman Ben Bernanke and at his administration. It’s fairly understandable. The economic policy of the Fed, despite being a veritable market unto itself, has yielded a “frustratingly slow” recovery in the words of Ben Bernanke himself.

“Helicopter Ben,” as he is sometimes called in alternative media, is the nickname given to the Chairman of the Fed due to his inflationary policy of wanton money printing. All the stimulus programs we have seen, the Quantitative Easing programs, and the debt-monetization amounts to printing money. The Fed has proved it is willing and able to print money.

The image portrayed is one of Ben Bernanke, leaning out of the window of a helicopter and raining money down, which he could do ad infinitum as the Chairman of the Fed. This fits with his image as a moot academic with little to no business savvy or real world experience. In order to buy popularity and acceptance, he is printing money.

All of this may or may not be true. Politically speaking, hopefully the Chairman of the Federal Reserve knows what he’s doing and is fairly immune to attacks on his image. Economically speaking, however, the policy of the central bank is necessarily causing a lot of inflation in the cost of real goods.

Gold bullion is about as tangible of a commodity as you can get. It is, in essence, the most real good available on the market. Therefore, as “Helicopter Ben” continues to print money, and there are indications he is going to print more of it, the price of gold will continue to skyrocket.

Gold production and supply has changed little since the start of this crisis. But the value of the dollar, which is in question, has changed quite a bit and promises to change even more in the future. As the Fed continues printing money, and there is indication they must print more, the price of gold bullion will continue to gain as a real good in a sea of fake paper.

The Only Winner is Gold on Central Bank’s Balance Sheet

March 14th, 2012

So, Federal Reserve Chairman Ben Bernanke has again tacitly delayed a third round of Quantitative Easing. In an appearance before the Congressional Finance Committee, Bernanke simply didn’t mention it. Markets dived in response, but have since regained ground on very strong jobs data and an agreement in the Greek Parliament on debt.

This really brings up the issue, however, of what happens to the money supply when the government prints money. If you notice, looking at any historical price of gold will make you begin salivating, or exhibiting a similar desirous phenomenon. Look at the gold price three years, two years, one year ago and you’ll start wishing you had bought gold bullion then. Are you up 30 percent? That’s my favorite question for proponents of stocks.

The simple matter of fact is that central bank policy, which includes the programs of Quantitative Easing, is driving the gold price higher through the function of inflation. QE is inflation. Period. In the short term, it has very a important market effect of injecting credit, liquidity, and nominal value. This can make all the difference between a floating market and a severe downturn. Both are bad, but theoretically one is worse. In the sense that QE was intended to provide a short-term injection of liquidity to markets and keep them from a serious downturn, they have been generally successful.

But the rapid increases in the price of gold tell another story. All that QE doesn’t go away. After the effects of the short-term capital wear off, you still have astronomical amounts of dollars in the markets. The more dollars there are in existence, the more dollars it takes to purchase real goods. The most definitive real good we have is gold. The price of gold has skyrocketed with the QE.

Up until 2007, the Federal Reserve held approximately $700 billion of treasury notes on its books. By March 2009, it held over $1.75 trillion of bank debt, treasury notes, and mortgage-backed securities. In March of 2007 the price of gold clocked in at about $650 an ounce. In March of 2009, gold bullion was just under $1,000 an ounce. Today, the price of gold is hovering just under $1,700.

Are you seeing a pattern here?

This would be why the Fed has been buying gold at forty-year highs. Until the Fed begins unwinding QE with definitive moves instead of tacit delays, the price of gold will continue to reflect the effects of monetary stimulus and gold bullion will continue to be the best investment we can make.

Not Even Central Banks Could Cover-Up Gold Bullion

March 5th, 2012

A true upholder of gold bullion is one who sits back and waits because he understands that the time will come…

What comes around, goes around. My, oh my, how the tables have been turned on central bankers. Their latest scheme on capitalism is simply not working as they presumed it would. Their astonishing, yet distorted at times, three century execution with supremacy and prosperity was finally brought to an end by the economic crisis of the last few years. The manner by which they preyed upon others in an attempt to enhance their wealth is at its final stage because those accountable can no longer reimburse what they are bound to. No one can change the hard reality that the ones under the obligation have no money and, consequently, their creditors will soon follow in destitution.

The allowances that were conceded to central bankers created monsters who cultivated credit and debt gambled on a leveraged basis of paper money partially sustained by gold which then permitted the West to amass political power and wealth to a cosmic degree across all continents. But, alas, it culminated with the US dollar’s loss of its vital link to gold in 1971 when the toll of preserving a say in all military goings on across the world became more important than the ability of the United States to settle in gold what it was indebted for. Just by looking at the frail condition of the euro we are almost certain that the end is very near. Remember that the euro was initiated in an unsuccessful European effort to contend with the US dollar which was ever more tremulous.

It took only 9 years for gold to catapult from $35 per ounce to $850 subsequent to the US discontinuing the gold convertibility of the US dollar in 1971. This increment of approximately 2,500% in value overshadowed a much smaller rise of 1,400% of the Dow from 777 in 1983 to 11,722 in January 2000. Bankers began getting edgy with the intensifying gold price and were determined to put the lid on it. They saw the truth about their fiat paper money, a truth they could not bear anyone else to recognize.

So began a journey of 40 years to desperately try and cover up the precious metal’s influence on their worthless paper. But not the way one would think. They were too sneaky for that. Their efforts were not really in shrouding real market demand and the gold price, but rather in a more deceptive and fraudulent manner. They overcame gold’s true price by furnishing markets with gold bullion owned by the nations they allegedly worked so hard for. Then came Frank AJ Veneroso who, with his intellectual mindset, uncovered a very important piece of the puzzle. Since the beginning of the 1980s, the majority of gold marketed consisted of central bank gold sales and loans. Veneroso‘s conjecture is that in 1990, 21.5% of gold sold that year surfaced from central bank vaults. The sales had expanded to over 1/3 (34.6%) of all gold sold by 2000.

This is why between 1980 and 2001 the price of gold went down. There were thousands of tons of central bank gold entering the market. Interestingly, the price of gold started going up in 2001 despite all the gold that was fraudulently dumped. The story doesn’t end here, it merely begins. The point is that gold bullion will stand tall in the face of these monsters. Go long.

Return To Currency Sustained By Gold Bullion…Superb!!!

February 28th, 2012

It really isn’t that surprising that it would be China to be the most influential country on its way to returning to a currency backed by gold bullion. I mean, they have surpassed us in many other areas, too…education, exports, etc. I doubt that the fact that they are worried about the value of their dollar reserves affects the United States in any way, but it should. Nobody wants dollars! They are the real asset that does not gain anything.

Since 1978 (commencement of China’s Reform Era), the Chinese have been exporting more goods than importing which has permitted the country to hoard trillions of dollars. They have so much that it is equal to our complete monetary base totaled before the latest financial predicament. The Chinese have their own way of doing things and whether we agree or not, nobody cares. The process by which they have accumulated so many dollars is that when a Chinese business makes money by selling their goods across the seas, it is stipulated by their government that they give the earnings to the country’s central bank which is the People’s Bank of China (PBOC). They, in turn, receive the Yuan at a fixed rate.

The two countries didn’t trade much at the beginning, for example, in 1980, China’s foreign currency reserves were roughly $2.5 billion. And, now, the amount of foreign currency reserves that are stored by the Chinese government is a whopping $3.2 trillion, translating into a gain of 127,900%.

It is the State Administration of Foreign Exchange (SAFE) in China that manages those foreign reserves. They are currently in an all out currency feud with the United States. Their purpose, for the moment, is to produce a novel leading world currency and remove the US dollar from its current reserve position. But they have a very big obstacle confronting them which is how to rid themselves of all the dollars they have. So they are purchasing US government securities and, because of this, have now accrued an enormous heap of US government debt. Indeed, about two-thirds of China’s reserves continue to be invested in US Treasury bills, notes, and bonds with the next largest block in the euro. And because of the Fed’s near to zero rates, all this money is essentially earning nothing in terms of interest rates.

In reality, the Chinese are now in a jam with all their US dollars. They are very aware that if they begin selling their US government bonds, it would push their value much lower. Then they experimented with the US stock market and their result was less than worthy with the great amounts of US equities they purchased just before the market commenced its downward spiral at the end of 2007. Morgan Stanley and Blackstone Group were firms in which the Chinese went into at about 10% and they have lost 70% and 46%, respectively. The US stock market is no longer appealing to the Chinese. Inflation is now their only worry and SAFE has made it clear that they will never be a speculator again while their only function from now on will be to guard the security of China’s foreign exchange reserves and guarantee a steady investment profit.

Now that they are not buying stocks and their only apprehension is inflation, how will they hedge that risk? Their answer is to dive into the gold market and take over. And with this action they are on their way to accruing massive amounts of gold that in the near future, they will have enough to re-establish the convertibility of their currency into a precious metal. They were on a silver standard in the early 1900s.

Things were different back then. They weren’t as respected as they are now. They are presently growing at an accelerated speed and are also in possession of the biggest cash reserves in the world. So it only corresponds that they will also have a currency sustained by the safest and most secure asset, gold. China would very much like to be one of the world’s most transcendent nations along with having the greatest currency as their own.

Today’s central banks rely on the printing press which is why China stands out amongst them because their way of achieving greatness will be by backing its currency with something much better than forsaken pledges. The Chinese know the power of gold bullion…do you?

To Buffet: Your Options Are Not Prudent To A Gold Bullion Supporter

February 21st, 2012

The reason Warren Buffet is opposing gold is the exact reason why a gold bullion believer purchases the 5,000 year-old precious metal…it doesn’t do anything or go anywhere. It’s a sad day when a person like Buffet turns his back on such a wealth preserving asset. One would think a man with his long-term investment record would know better. I mean just look at his transition from investing in private non-financial businesses to being on the side of the establishment and employing his institutional weight to acquire very attractive deals in suspicious banking institutions that the regular citizen would never be capable of. At one point he was representative of the majority and now, regrettably, he is an agent for the super elite.

Why Stocks Beat Gold and Bonds, Buffet’s most recent written communication, published in Fortune, might probably be the one of the most exasperating documents that he has produced yet. Within this document he, being the astute investor that he is known for, appeals to the necessity of preserving one’s purchasing power against widespread state inflationism. Due to the reliance upon the printing press, the US dollar has endured an overwhelming decline of real value since 1965, about 86%, according to Buffet. Along with this, he manifests his dissatisfaction for investments that are currency-sustained and dependent upon unstable fiat money which is hastily inflating. Subsequent to this, he turns on gold justifying rather weakly that purchases are merely illustrating ‘greater fool’ theory, readily anticipating new surges in price that will sponge up new purchasers ceaselessly.

But then he has considered silver in the past which did not go well for him. Maybe he has something against the precious metals because he carelessly states that while gold’s utilities include being industrial and decorative, “if you own one ounce of gold for an eternity, you will still own one ounce of gold at its end.” Isn’t that what we’re hoping? I don’t know if anyone else makes sense of that, but I can’t.

He goes on to compare a pile of inert gold and its inability to be matched up against a pile of farmland and Exxon Mobile stock of the same nominal value in terms of productive utility. It’s not even a valid comparison. He should have matched the precious metal up against Treasury bills, or something of the sort. His intent is clear, though, with all his effort in supporting America and its powerful stock market. I believe I heard the national anthem in the background.

But then he probably wouldn’t have had the effect he wanted even with T-bills because their average yield, under the umbrella, dropped to merely 0.9%. If we were to foolishly agree with Buffet about gold being in a bubble, then how would we portray T-bills? Stratton Street and their credit specialists call attention to the more than $10 trillion marketable Treasury securities that were outstanding in January, despite their average yield. We are all aware that US consumer price inflation is outrageously controlled, but we will ignore that, for the moment, and take it for what it’s allegedly worth which is currently 3% year-on-year. Does anyone else see the illogicalness to this? Because he endorses that “bonds should come with a warning label,” but in manifesting such loyalty to T-bills, he does appear to be obsessing over liquidity, yet with no expectation of acquiring a significant return which is why the entire document is not up to par with what gold bullion is capable of nor how important it really is to wealth preservation.

Too Bad Gold Bullion Isn’t Backing the Dollar…

February 20th, 2012

I am not speaking out of a Utopian mind. I am actually very practical. But, the truth is that if the dollar was sustained by gold bullion we wouldn’t be in half of this mess. Now the Fed is in combination with the chief banking institutions. Their major revelation from their latest meeting is that the dollar will be losing value very soon. Like we needed to hear that. Even though we knew it would happen, anyway.

According to the Fed, it should happen during the next twenty years. And according to Charles Kadlec from Forbes, the devaluation of the dollar by the Fed will be by about 33% or more. He also added, “The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in eth price level. An increase in the price level of 2% in any one year is barely noticeable. Under a gold standard, such an increase was uncommon, but not unknown. The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged, A dollar 20 years hence was still worth a dollar.”

This would mean that there would be a 50% increase in the price level at the rate of 2% per year for 20 years. In laymen’s terms, that would signify that in 20 years or 2032, items or services costing $100 would then cost you $150. Do you see the picture now? That is what the dollar will look and feel like worth one-third of its present day value.

Why would the Fed then presume that this monetary guidance would boost employment figures? In the past four decades, it has not functioned and it won’t now. The Federal Reserve inserted $600 billion in Treasury securities from November 2010 through June 2011 into the banking system while maintaining interest rates historically shallow. The result there was a lethargic annual rate of growth from 3.4% to a terrible 1% by the first half of 2011. Ironically, though, once the Fed refrained from their meddling, economic growth ascended to a 2.3% annual rate by the second half of the year. Does anyone see where this is heading? And this is not where it stops.

Fiscal disasters will now become even worse with big banks imploring the power to issue negative yield bonds. It all boils down to the consumer then being obligated to paying the banks money in turn for their noble proffer of holding onto your own bond-money. It is quite apparent that the Federal Reserve and the American people are not on the same page. They’re seeking very different outcomes to this whole mess. And, of course, until the Federal Reserve lets the economy go, it will not get any better. We so desperately need gold bullion to help us out at this time of crisis.

It’s Up To You Whether To Be Long Or Short…Just Remember That Gold Bullion Has Centuries of Support

February 13th, 2012

Last week’s employment numbers allegedly demonstrated that all is well on the road to recovery. This has produced the type of frenzy which frequently initiates intermediate degree tops as this week is the 18th week of the present intermediate cycle. Normally, the intermediate cycle lasts 18-25 weeks from trough to trough. This was actually the time to stop and think about buying since the stock market is in one of these intermediate degree bottoms. But, now, it wouldn’t be so smart to buy because we’re so late in the intermediate cycle, mainly with the NASDAQ extended 9% above its 50 day moving average. According to some, it should be the time for investors to be taking in earnings…not selling short, but shifting to cash. Always keep in mind, though, the history of gold bullion.

The underlying logic here is that selling short isn’t that great because it’s structured to eliminate retail investors’ capital. It would be the very selected traders world-wide or large funds with enormous research departments that have the ability to search out and discover under par or deteriorating companies that will ever make any steady long-term winnings by selling short. Selling short requires the comprehension that markets descend incompatibly to their ascension. In this arena you are quite hindered in accomplishing, and fundamentally, maintaining any profits collected that selling short can offer.

To begin, tops are frequently a wearisome mechanism. They are inclined to pulverize short-sellers. These past four weeks have been a good example of that. Assuming you are one of the lucky ones who catch the top, the intraday moves are frequently so brutal that they knock one out of their positions. Lastly, if you don’t time the bottom well you will eventually be forced to return almost all of your scanty proceeds at some point in the first couple of days of the new rally. The best position for 99% of traders is to turn to cash when a correction is approaching as is the case now. We’re not saying that it will begin tomorrow or even this week, but it does signify that, at this moment, it is too risky to stay in the game with a market that has a sharp corrective move looming too close for comfort.

The trading environment has been altered with the dollar putting in its three year cycle low in May. Profits must be obtained faster as traders have had to become much shorter in duration. This trading condition isn’t going to be modified until the dollar’s major three year cycle tops. So far, there still is no evidence of a key reversal. The dollar is working hard at higher highs and higher lows. It has not even turned the 50 day moving average down yet and is still showing support above an increasing 200 day moving average.

At the point when the stock market begins moving down into its intermediate cycle low, it will surely compel an additional rally in the dollar, perhaps a return to new 52 week highs. Should this occur, it will drive gold to retest the December lows, and if the selling pressure from the stock market is powerful enough we could see another marginal new low somewhere in the high $1400s to low $1500 level. Notwithstanding the powerful rally out of the December 29 bottom, gold still has not broken the pattern of lower lows and lower highs. In actuality, gold is maintaining its downward inclination. When the stock market drops down into its intermediate bottom, gold’s down trend may be reconfirmed. So, it’s up to you what you do with your long and/or short investments, just be cautious and remember that gold bullion is the longest standing within modern (and ancient) history.

Once Again It Is Gold Bullion That Everyone Runs To…Including Central Banks

February 10th, 2012

The unique characteristics that gold bullion is blessed with are precisely what everyone is after. Everyday it is being referred to within the economic as well as global scene. The gold price is something that everyone wants to know at all times. That price depends upon developments in the impact of supply and demand as is the case in most commodities. Despite this, gold is peculiar because gold production is relatively constant and improbable to alter much in the near future and because the supply and demand is especially liquid at times it is very susceptible and subject to speedy revisions. Typically, the demand for gold comes from investors and buyers of gold jewelry. Investors normally want gold as a store of value when economic stress is at its highest. Central banks are also holders of gold bullion.

The obligations and commitments of central banks are not as translucent as we would like. We know they were created to administer a nation’s currency which is accomplished by manipulating the money reserve within their country which, in turn, will weigh upon interest rates. The gold standard is no longer in effect, but they can distort reality as they wish like when they apply quantitative easing to the economy. We believe one thing when in reality something else is occurring. They keep their gold stocks as a sort of security and favor exchanging currencies with other nations. They produce their own money…literally, and utilize it as a safeguard option. Against what? They know…but prefer to hush the truth. There are many actions central banks could take with their gold reserves.

The control that central banks exert over monetary policy influences the price of gold. I mean, we know that gold does not pay interest or dividend. If they perform unconstrained monetary policy, the consequence will be economic growth even though inflation anxieties may rise, whereas rigid monetary policy can make economic growth sluggish. It is supposed then that the feat taken by central banks can stimulate investors towards or away from gold speculation, provoking prices to go up or down. It is because of this that gold is still regarded as a currency in many alliances which is why several analysts advocate that gold may just be the most vital currency we will ever have.

Amongst the top keepers of gold deposits in the world are Ben Bernanke and the Federal Reserve and the European Central Bank (ECB) which works beside the International Monetary Fund (IMF) minding the catastrophic European debt problems. The Deutsche Bundesbank (DB), Germany’s central bank is recognized as the most important and powerful member of the European System of Central Banks, along with France, Switzerland, and Italy. In total, central banks hold a supply of reserves in excess of 30,000 metric tons of the gold on the planet, or about 20-25% of above ground gold stock. All this signifies that when they make a move with their gold, they affect the gold market around the world.

Of all of these, the IMF has been the only noteworthy gold seller in the past ten years. Back in 2009-2010 the IMF did sell some of its stock. As reported by their website, they let go a total of a little over 400 metric tons, and that supply was managed conscientiously to steer clear of precipitating breakdowns to the gold market’s operation. Nobody was shocked when the Reserve Bank of India purchased over half of the total amount of that sale. Quite a number of Asian central banks have conveyed comparable desires to be in the disposition of augmenting their gold stockpiles. Sales by any European central banks will consequently not be expected to lower gold prices, but rather provide other central banks with the prospect of obtaining more gold for their central banks. This desire to acquire gold by Asian banks reminds us of when the United States was the net buyer in the 1930s and 1940s.

The Eurozone as a whole is on the brink of collapse due to the debt predicament of a few nations. Unfortunately, not even selling gold could help them. They hold a lot of gold but it wouldn’t make a difference in comparison to the debt amount. What they need to do is stop printing money as a means of solving their problem. Inflation should soon be out of control across the Atlantic.

Just as when the Euro was initiated and backed by gold, this would be the only way a nation removed from the Eurozone could commence the start of a new currency; they would have to back it with gold. This would mean they would have to sell some of their gold. And, we all know that a restructuring of the Eurozone is underway.

All this gold talk is occurring without the implementation of the gold standard which puts us in retrospect of the strength and importance it had (and still does) within our developed society. It’s very clear that gold bullion has preserved a vital function amid central banks. Now we must wait and see what they do with it.

Gold Bullion Investment in China…An Archetype for the Developed World

February 9th, 2012

There was a time when China wasn’t at all as interested in gold bullion investment. Back in the late 1900s, HSBC sent a commission from their London gold department to meet with the Chinese financial administration and were abruptly turned away. But…in 2001, the Chinese became less lenient on the gold market and since then the demand has grown substantially. As of 2010, China’s gold consumption every year evolved at a 7.5% compounded annual growth rate. Its gold claim has risen from just over 15.55 tonnes or 500,000 ounces in the late 1980s to above 373.25 tonnes or 12 million ounces when 2010 came to a close. All this occurred even though gold went from $200 to $1,650 an ounce.

Simultaneously, China has progressed from an inconsequential global player to the second largest economy world-wide with its end goal in place as becoming the most important. Just looking at its quick and efficient growth of around 10% per annum over this time, the change in China has been the desire of all other nations. Together with this growth there has been a revolution of Chinese society, also. The Chinese middle income have evolved into a class with an equal growth in income. Despite this important change, what is more envious is the manner in which they take care of their pockets. Similar to the Indian population, the Chinese are normally frugal, with a tendency to put aside rather than spend disposable earnings.

And not only did they lift all encumbrances on the gold market but also aggressively expressed optimism about gold buying while motivating the expansion of a nation-wide gold distribution system through their leading banking institutions. The amount of foreign banks now permitted to import gold has soared. The choice of gold as a savings option has grown due to the system of distribution extending throughout the country. The insight of confiding in gold as a practical savings and investment method has benefitted the Chinese immensely. Their long-established reverence for gold, as money, was inculcated in past generations and is sustained right through to modern times with only one difference: their government’s approval. As a result, since the gold price rose in 2005, on a per capita basis, per capita investment in gold in China is twice over than in 2005. The claim for gold as an investment has multiplied at a 14% annual rate since the Chinese government stopped tampering with the local gold market eleven years ago.

Interestingly, the Chinese believe in physical gold, not derivatives or gold shares. This is where the Asians differ from western investors. When I refer to China buying gold, it is just that…the metal itself. In the developed world, only a modest fraction of investment funds are of gold bars, coins, and pure gold jewelry. Accordingly, the United States is responsible for only 8% of gold bullion demand while Asia invests in more than 70% of gold coin, bar, and pure gold jewelry demand. As the Chinese middle class and their earnings grow, prospective gold claim annually in China has the facility to expand to over 3,000 tonnes. Reality is that the People’s Bank of China is purchasing all local production and thus this makes it clear that there will not be enough gold obtainable to hold this claim.

Between the facts presented here as well as some wise prediction, it is very clear that China, in time, is destined to turn into the nucleus of the gold market world-wide. The government in China has made it clear that it considers gold a serious issue in the growth of their country and it is projected that China will aspire to do what it can to implement power over it. They are obviously a world-class model within the gold bullion sector. Go, China!

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