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.