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China and more China!
Hello Again!
Thanks and more thanks!
China and more China!
Well hello again to all and firstly a big thank you to all who have taken the time to reply to the blog and send us comments on the Facebook page. Just remember, you were in at the beginning of all this and we will always remember that. It is difficult to know what to put in these scrawls of mine but I do hope you find them at least half interesting. I do not have the time to put as many statistics in as I would like, but I would rather just point you in the right direction and let you do the discovering for yourselves.
China is probably my favourite topic when it comes to the prices of the precious metals. I think I made it clear in the first blog that, for me, China is the biggest single driver of the demand for the physical for investment purposes and therefore what happens there is very important. I was given a little whisper yesterday by one of my clients about something that’s happening in June over there which may dramatically affect the demand (ergo- the price). If anyone knows any more details please let me know. Forewarned is forearmed.
The other rumour is the silver price is set to sky rocket. I’ve heard this one before so many times that I do not any longer hold my breath. That does not mean I don’t think the price is due for a rise, I just think the timing and style of the upward direction of the price is likely to be slower and more long term. You know how it goes, up a bit, down a bit, and up a bit more. Generally upwards.
If all those Chinese savers were to buy just one ounce of silver and one ounce of gold! Blimey.
Debt problems solved in January = 0. Let’s keep track of just how effective those politicians are. They’re worth their weight in Gold! Just like those lovely gamblers, sorry bankers.
Regards
Paul
Over the last couple of years, throughout the dramas & the pantomimes, every one has assumed that the U.S.$ or � are the safe havens, when in all truths gold is the only safe haven. Sooner or later the world will wake up to this & it will be too late. There is going to be the mother of all currency crisis e.g. the U.S.$, but in all realities it will start with the Japanese Yen. You're never going to end an economic crisis just by printing massive amounts of money. More debt is not the solution which money printing is.
Trouble is the silver & gold markets are so manipulated it's almost untrue but there is only so much manipulation you can do with paper. Silver's demand totally outstrips supply, so hold your horses, Paul, silver will eventually rocket in price, Blythe Masters watch out! I used to trade equities for many, many a year but no more. The only reason why silver hasn't bolted is because of JP Morgan manipulation but when supply outstrips demand you can only manipulate for so long.
The problem is NeoCon free market economics, it just doesn't work. Have a look at this kid's site, who I like very much,
www.thebubblebubble.com
WE'RE ON THE MARCH WITH,MAX KEISER'S, SILVER LIBERATION ARMY!