gold, page-42811

First 42811 Last

Share
Profile

Follow
shakespeare

2,124 Posts.

45

21/03/18

20:41

Post #: 31930801
Share

Originally posted by 23skidoo ↑

I think its big as well, and I concur with your reasons. The dots are getting ever easier to join and the picture clearer.
Something big is now going with silver. China is offering an 8% Premium for the metal. That's enough to ensure that large sales go through shanghai and HK. The premium offered on gold is now insignificant. It now looks like China has accumulated sufficient overseas gold and now they are hell bent on grabbing as much silver as possible.
I like both au and ag, but I believe the value/weight density of gold gives it the pride of place as a future monetary backing. Maybe the Chinese have a different view. They are both money so why not " corner" the market with both.
Trumps trade war is aimed at China but it's a blunt instrument likely to produce a lot of collateral damage on allies. He doesn't seem to care. Trumps constituency has been hurt badly by several decades of deprivation so it goes over well.
Tick tock. March 26 is shortly upon us. I expect some unfriendly US military behaviour around this date and will be pleasantly surprised if it doesn't happen..
23.

Expand

if this yuan gold oil thing goes ahead and is utilised i can see
the new emperor Xi decreeing gold in china a state property
with compensation paid.
they have been encouraging citizens to buy gold for a long time now.
they may have been hiding gold among the populace.
imagine the tonnage,
sound familiar? just some ruminations of mine.
3 Upvote

0 Great analysis

Reply

Top Stories

BOE

Boss Energy ramps up as industrial-scale plant build continues; FY25 guidance of 850Klb intact

GDP grows 0.2% in June quarter, but annual growth the slowest since the 1990s

SKS

SKS secures $20M for extension works on Melbourne data centre

EBR

EBR Systems' heart pacing device on-target to reach the US market

Is the ASX getting its groove back? Here's 5 IPOs in September to watch