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Showing posts with label Gold demand. Show all posts
Showing posts with label Gold demand. Show all posts

Friday, July 5, 2013

Keiser Report: Dumb Luck, Wash Trading & Gold Suppression

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the failure to understand English as saviour of the Japanese banking system. While price signals, the language of the market, are so manipulated as to be indecipherable by even those who speak the language. In the second half, Max talks to legendary investor, Jim Rogers, about gold, bonds and China.

Saturday, May 18, 2013

Gold Demand In One Chart: Physical vs ETF



China's demand for gold jumped 20% to 294 tonnes in the first quarter of 2013, while global gold demand overall slid 13% thanks to the dramatic rotation of demand from paper to physical. Chinese demand in gold bars and coins grew to 109.5 tonnes - more than double the five-year quarterly average of 43.8 tonnes. Central banks added 109.2 tonnes of gold to their reserves in Q1 2013, the ninth consecutive quarter of net purchases. But it was the Q1 ETF outflows of 176.9 tonnes, equating to a 7% decline in total gold ETF holdings that obscured the strong rise in investment for gold bars and coins at the retail level. In the face of the huge 'paper' gold ETF outflows, 'physical' gold demand surged to its highest in 18 months...

Wednesday, May 15, 2013

India Gaining on China as World's Leading Importer of Gold

by - Douglas May

Gold imports to India have surged, topping 100 metric tons in April, and they are expected to again exceed 100 metric tons in May. China gold imports also are up, a market response to a dramatic drop in gold prices, a trend not expected to end any time soon.

“It’s a great opportunity to invest in gold now – and being in India, gold can never go to waste,” writes financial analyst Hamsini Amritha.

For reference, China imported an incredible 223 metric tons of gold during the month of March, topping the previous monthly record of just over 100mt.

The escalation of gold imports in India can also be attributed to threats of new taxes on gold imports, pushing traders and jewelers to “beat central bank curbs on overseas bullion purchases by banks.”