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In Order To Socialize Monetary Knowledge |
Poor Man's Gold |
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New 2011 - 02 - 17: [12:30 pm] But unfortunately still not in panic-buying mode: Import data implies gold buying by China's central bank
New 2011 - 02 - 13: [04:30 pm] A few years ago local Chinese municipalities had little debt: China Instructs Banks to Roll Over $1.7 Trillion in Debt to Avoid Mass Default [04:30 pm] They are very smart: Asia Buying Gold On Dips - “Empires May Fall, Currencies May Change... Gold Will Always Survive”
New 2011 - 01 - 13: [10:15 am] Decadence all around the world, where these fools go crazy over an iphone: iPhone Sales Halted After Shoppers Pelt Apple Store BEIJING (Reuters) - Enraged Chinese shoppers pelted Apple Inc's flagship Beijing store with eggs and shoving matches broke out with police on Friday when customers were told the store would not begin sales of the iPhone 4S as scheduled. [...] An announcer with a bullhorn told the Sanlitun store crowd around 7 a.m., before sunrise, that the phones would not go on sale as planned and that they should leave. As the crowd became more unruly, scuffles broke out between security staff and shoppers, many of whom had waited overnight in freezing weather. Police moved in and dragged some people away. [...] "We're suffering from cold and hunger," a man in his 20s shouted to Reuters Television. "They said they're not going to sell to us. Why? Why?" This example perfectly shows that decadence is a worldwide problem. Steve Jobs has 'infected' the entire planet with his hype. And these poor Chinese people more or less just got rid of their work in the fields. How did this Jobs-boy manage to make his product absolutely indispensable for people, getting almost everybody to collapse under this social pressure that tells you that an iphone is an absolute must-have? This is indeed a phenomenon... [10:15 am] They are still sitting on a whole lotta dollars: China Reports Rare Decline in Foreign Reserves
New 2011 - 01 - 06: [06:45 am] Rolandberger.com: The End of the China Cycle ...and the end of the China-hype. Comparable to the Japan-hype in 1990. [05:00 am] Guest Post: CHINA, 2012 AND VON MISES’ CRACK-UP BOOM The credit boom is built on the sands of banknotes and deposits. It must collapse… If the credit expansion is not stopped in time, the boom turns into the crack-up boom; the flight into real values begins, and the whole monetary system founders. I first attended the Canton Trade Fair in October 1976. All Chinese men and women were dressed in blue shirts and blue pants, bicycles were China’s main mode of transportation, Chairman Mao had just died and China’s mantra, “We will continue to support the policies of Chairman Mao Tse-Tung and criticize the policies of Deng Xiao-Ping”, was heard everywhere. But three years later when I received White House invitations to attend the Washington DC reception for the Vice-Premier of the Peoples’ Republic of China, it was Deng Xiao-Ping who arrived; not a hard-line inheritor of Chairman Mao’s revolutionary precepts. In 1977, Deng Xiao-Ping wrested power from China’s conservative communist ideologues and in 1978, opened China’s socialist economy to private ownership. By 2005, China’s private sector had expanded to 70 % of its economy and China became an economic power in only 25 years. While Mao Tse-Tung had successfully steered China away from Western suzerainty, it was Deng Xiao-Ping who put China on the path to financial and geopolitical power; a path that would be as rapid as it would be unsustainable—for China’s explosive growth was founded in large part on excessive credit creation in the West.
The remarkable rise in China’s GDP reflects the just as remarkable rise of the Dow during the same period Appointed Fed chairman in 1987, Alan Greenspan presided over the greatest credit and monetary expansion in US history, an expansion which led to America’s three largest speculative bubbles; the 1992-2000 dot.com bubble, the 1991-2006 consumer bubble and the 2002-2006 real estate bubble; three bubbles whose cumulative collapse would derail the world economy and set in motion Ludwig von Mises’ crack-up boom. THE CRACK-UP BOOM As von Mises wrote in Human Action in 1949 … If the credit expansion is not stopped in time, the boom turns into the crack-up boom; the flight into real values begins, and the whole monetary system founders… Von Mises’ crack-up boom, or more correctly Greenspan’s crack-up boom, had its origins in the 1980s when the US greatly increased spending yet cut taxes and initiated unprecedented levels of borrowing to make up for lost revenues, consequently flooding America with excess liquidity which would set in motion America’s largest stock market bubble since the 1920s. Although Alan Greenspan had the intellect of an über-economist, he lacked the courage to stand up to Washington DC and Wall Street. In the 1990s, when the Dow began rising far out of proportion to economic growth, Greenspan moved to stop the developing bubble in stocks by raising Fed interest rates: I think we partially broke the back of an emerging speculation in equities. - Alan Greenspan, February 1994 But Greenspan’s rate increase didn’t stop the bubble. Share prices continued higher so Greenspan continued raising rates. After seven consecutive increases between February 1994 and February 1995 and another increase in March 1996, Wall Street demanded Washington DC stop Greenspan from further Fed tightening. Greenspan capitulated. …it was not the policy of the Fed to prick bubbles by monetary means. - Alan Greenspan, March 1997 In 1998, Greenspan lowered Fed interest rates three times allowing the dot.com bubble to continue its dizzying liquidity-driven ascent. Finally, in 1999, the Fed was forced to prick the dangerously large stock market bubble which Greenspan now denies recognizing. My video, Dollars & Sense show #11, titled The Fix Is In, explains Greenspan’s flawed tenure at the Fed, see http://youtu.be/65CnOUhEFIk; and, while there are reasons to explain Greenspan’s shortcomings, none can reverse the damage he has done. Because of his inability to just say no, Greenspan left a legacy of three historic credit bubbles whose catastrophic collapse would trigger Ludwig von Mises’ crack-up boom and send America and the world into the greatest economic meltdown since the Great Depression. THE GOAT RODEO OF CREDIT DISTORTED DEMAND The bankers’ artificial injection of credit into free markets ultimately overwhelms supply and demand fundamentals. This distortion, conveniently overlooked during expansions, becomes painfully apparent during contractions when demand disappears leaving behind excess capacity, defaulting debts and high levels of unemployment. Capitalism’s foundation of debt-based money was destabilized by America’s expansion of its monetary base after 1980; resulting in the eventual overcapacity of supply in the East, e.g. China. Japan, Korea, whose economies had expanded to satisfy the artificially inflated demands of the West, e.g. the US, the UK, Europe. Capitalism, an always uneasy imbalance between credit and debt, is now trying to regain its balance. It can’t. The present crisis, created by decades of excess credit, is being treated with even more credit; a dangerous palliative that will exacerbate, not solve, what is happening Credit expansion is the government’s foremost tool…to contrive everlasting booms, and to make everybody prosperous. – Ludwig von Mises, 1949 Today, China’s late run at capitalism’s table is fueling the very collapse von Mises predicted; for if Greenspan’s credit expansion was excessive—and it was—China has set in motion an even larger expansion. To offset the global collapse in demand, China expanded its money supply in 2008 by an extraordinary 150 %, an increase driven by China’s need to maintain economic growth or risk losing political control.
2012, GREAT WAVES AND THE COMING COLLAPSE The ending of the Mayan calendar in 2012 is as misunderstood as the interplay between credit and debt and supply and demand; but the coincident collapse of the current economic paradigm and an arcane indicator of change should not be dismissed. Professor David Hackett Fisher in The Great Wave, Price Revolutions and the Rhythm of History writes that for the last eight hundred years, periods of economic and social stability have been intermittently interrupted by waves of rising prices. Each of these great waves according to Professor Fisher culminated in the economic and societal collapse of the existing order, bringing to an end the Middle Ages, the Renaissance, the Age of Enlightenment, etc. During each great wave: …Food and fuel led the upward movement. Manufactured goods and services lagged behind. These patterns indicated that the prime mover was excess aggregate demand, generated by an acceleration of population growth, or by rising living standards, or both. … Prices went higher, and became increasingly unstable. They began to surge and decline in movements of increasing volatility. Severe price-shocks were felt in commodity movements. The money supply was alternately expanded and contracted. Financial markets became unstable. Government spending grew faster than revenue, and public debt increased at a rapid rate…Wages, which had at first kept up with prices, now lagged behind. Returns to labor declined while returns to land and capital increased. The rich grew richer. Inequalities of wealth and income increased. So did hunger, homelessness, crime, violence, drink, drugs, and family disruption. ..Finally, the great wave crested and broke with shattering force in a cultural crisis that included demographic contraction, economic collapse, political revolution, international war and social violence Great waves take 80 to160 years before they end in the eventual decline and collapse of existing epochs. Today, another great wave is about to crest and break; and the changes could be even more extreme as the amplitude of change is greater than in any previous wave. The current great wave began in 1896. That it could crest and break in 2012 could be a coincidence. Or, it may not. GOLD AND THE CRACK-UP BOOM …[during] the crackup boom...the flight into real values begins, and the whole monetary system founders. - von Mises Von Mises’ predicted flight into real values—gold—is now underway despite the best efforts of today’s kreditmeisters to diminish the allure of the only safe haven left to those fleeing paper money’s now burning mansion. One of the foremost proponents of the flight to gold is famed stock market analyst, Richard Russell. According to the Hulbert Financial Digest, Russell’s The Dow Theory Letter is tied for top place as a market timer on a risk adjusted basis since 1980. A leading financial analyst with a stellar reputation timing stock market trends, Russell’s comments regarding today’s stock markets and gold should be seriously considered and, if appropriate, then acted upon. On December 17, 2011, Richard Russell wrote: This year's close for gold marks the 11th year for higher year end gold closing. To my knowledge this is the longest bull market of any kind in history in which each year's close was above the previous year. This fabulous bull market will not end with a whisper and a fizzle. I continue to believe that the upside gold crescendo of this bull market lies ahead. We are watching market history.
The crackup boom will end as von Mises predicts in monetary disarray, i.e. the debasement of currencies and possible hyperinflation where paper money loses all value. Today, money is no longer a store of value. It’s a trap for the unsuspecting that has already been sprung. The 300 year viral spread of the banker’s fraudulent paper money is best explained by Gresham’s Law wherein bad money drives out good. But the global success of the banker’s debt-based money has led to its own undoing; for when there’s no good money left, only bad remains. In 1971, after which gold no longer backed the bankers’ now fiat money, the growth of credit and debt became exponential. Today, they are reaching their limits. Tomorrow, those limits will be exceeded. Yes, Dr. Keynes, Dr. Friedman, Dr. Greenspan, Dr. Bernanke, et. al. while there are no limits to economic hubris, there are limits to monetary imbalances. Throughout history, time and time again monetary chaos has led to the explosive rise in the price of precious metals. It’s happening again today. MIDNIGHT AT THE CASINO If you haven’t yet cashed in your chips, you should. It’s almost midnight and the casino owners are worried. A run on the cashier’s window would show them to be bankrupt; the casino’s only assets being customer IOUs and banks upon banks of increasingly worn chip-making machines. The management’s recent offer of unlimited chips to the money changers still on the floor was done in the desperate hope it would convince the remaining gamblers of the house’s solvency. It won’t work. It’s too late. It’s 2012. Buy gold, buy silver, have faith. Darryl Robert Schoon
New 2011 - 12 - 29: [02:45 pm] Change: US dollar replaced by China, Japan - gold positive! [02:45 pm] Is it the Gold cartel? China's Pan Asian Gold Exchange in trouble
New 2011 - 12 - 27: [02:00 pm] Japan - Mission impossible: Debt Crisis 2012: Forget Europe, Check Out Japan [02:00 pm] Mish: Japan Seeks to Market Record 145 Trillion Yen Bonds in 2012; Kicking the Can Japanese Style [02:00 pm] China should further diversify its foreign-exchange portfolio and make more gold purchases when the metal's price dips but is still at a relatively high level, a senior central bank official said on Monday: Nation urged to increase holdings of gold
New 2011 - 12 - 26: [06:45 am] Remember, back in the day, when a bankruptcy was simply called a bankruptcy? China Insolvency Wave Begins As Nation's Biggest Provincal Borrowers "Defer" Loan Payments
New 2011 - 12 - 16: [05:15 am] Auto sales in China are declining, therefore the sellers have another battle of discounts: Mercedes Leads Luxury-Car Discounts in China
New 2011 - 12 - 14: [04:00 pm] Great: Gold Buyers: China’s Gold Imports Surge 4,000% Year Over Year
New 2011 - 11 - 30: [02:30 pm] Who will go broke faster, China or the US? Why the red dragon may soon be seeing nothing but red: China going broke faster than the U.S. [12:45 pm] Bloomberg: China’s Exports to Europe ‘Falling Off Cliff’
New 2011 - 11 - 28: [01:00 pm] Video: "China will not hesitate to protect Iran even with a third World War" Major General Zhang Zhaozhong
New 2011 - 11 - 27: [09:15 am] It's gonna be a hard landing: China factory sector shrinks most in 32 months, China bubble a global concern
New 2011 - 11 - 24: [01:15 pm] This means 'soon': ‘China Will Collapse By The End Of 2011’
New 2011 - 11 - 21: [11:45 am] The BOJ eased its ultra-loose policy further at the meeting through a 5 trillion yen ($65 billion) increase in buying of Japanese government bonds under its asset buying scheme as the yen's rise to record highs and uncertainty over Europe's debt crisis clouded the economic outlook: Some BOJ Members Warned of Lehman Crisis-Type Shock
New 2011 - 11 - 20: [12:15 pm] Sometimes cheaters are able to avoid death penalty: Chinese Fund Managers Sentenced to Death after Cheating Investors out of 1 Billion USD But only sometimes. However, many rich people and corruptionists are currently leaving the country because they feel that someone could start "to clean up" any time. That's gonna be the case when the rage of the people gets too big - due to corruption. The members of the ruling party will then have to run for their life.
New 2011 - 11 - 19: [03:45 pm] About the China-crash: The Reasons For China's Imminent Bust
New 2011 - 11 - 18: [04:45 am] Telegraph: Asian powers spurn German debt on EMU chaos
New 2011 - 11 - 14: [03:45 pm] "In China, every province is Greece": Chinese TV Host Says Regime Nearly Bankrupt [03:45 pm] China could experience a crisis worse than the European debt crisis: China’s Economy on the Brink of Collapse
New 2011 - 11 - 11: [07:15 am] About the millions of empty apartments in China: Why China is headed for a fall
New 2011 - 11 - 10: [12:30 pm] China is about to collapse - Mish: Spotlight China: Shipping Downturn; Hong Kong Recession; Credit Squeeze Prompts Suicides; HK Home Sales Fall Over 50%; Factory Closure Wave Looms
New 2011 - 11 - 08: [01:45 pm] Bloomberg: China Credit Squeeze Prompts Suicides [01:45 pm] Real estate prices are in free fall: Property Prices Collapse in China. Is This a Crash?
New 2011 - 11 - 03: [12:30 pm] The Chinese miracle is dead: China Runs Out of Money [12:30 pm] Hyperinflation coming in China? China points to Weimar exit
New 2011 - 10 - 31: [04:00 am] Japan weakens its yen: Japan intervenes to tame yen ahead of G20
New 2011 - 10 - 27: [10:30 am] Mineweb: Surging Chinese retail gold demand sees a blossoming of new bourses
New 2011 - 10 - 23: [04:15 am] They can't get enough: India's gold and silver imports jump 80% to $31.1bn over six months
New 2011 - 10 - 04: [12:15 pm] Behind the Chinese facade: The China Model Is Unsustainable
New 2011 - 09 - 30: [09:45 am] Bad news from China: China Loan Shark Market Crashes; Scores of Chinese Business Owners Unable to Pay Black Market Loans Commit Suicide or Disappear
New 2011 - 09 - 27: [10:15 am] The Chinese crash commences - Mish: Cash Crunch in China Picks Up Momentum; Chinese Economy "Teetering On the Edge"
New 2011 - 09 - 23: [09:15 am] The Korea Times: Savings bank head commits suicide during raid
New 2011 - 09 - 19: [03:45 pm] AEP: China risks hard landing as global woes spread Perhaps the real crash will be coming from China.
New 2011 - 09 - 16: [02:30 pm] The Chinese are no longer interested in buying foreign bonds, they now prefer real values: China to 'liquidate' US Treasuries, not dollars
Apparently they want to use their currency reserves to buy up companies everywhere. And they want to hop on that apple train...good luck.
New 2011 - 09 - 12: [12:15 pm] Mineweb: High prices trip up gold & silver imports in India
New 2011 - 09 - 08: [08:30 am] Zerohedge: Japan's economy implodes again: no scapegoats this time
New 2011 - 08 - 31: [08:00 am] Business Insider: Actually Chinese inflation hasn't slowed and it's about to get worse
New 2011 - 08 - 24: [05:00 am] From Aa2 to Aa3: Moody's downgrades Japan's credit rating
New 2011 - 08 - 19: [01:00 pm] Very honest people over in Japan: Japanese Residents Return Millions From Earthquake Rubble Since the March earthquake and tsunami that leveled much of Japan, thousands of wallets containing a total of $48 million in cash have washed ashore -- and been turned in, ABC reports. In addition, 5,700 safes containing $30 million in cash also have turned up. [05:30 am] Mineweb: Gold imports into India set to cross the 1,000 tonne mark this year
New 2011 - 07 - 27: [05:00 am] Seekingalpha: China and the Precious Metal War
New 2011 - 07 - 25: [04:45 am] emoneydaily: Why China´s New Futures Market is Bullish for Long-Term Silver Prices
New 2011 - 07 - 22: [06:00 am] The dragon has not woken up yet: Asian investors succumb to gold fever, central banks could be next Wait until the average Chinese starts accumulating precious metals. The hunger from the people in the East will then blow prices through the ceiling.
New 2011 - 07 - 12: [02:30 pm] Strong demand for gold-backed financial vehicles: Indian investors jump into gold ETFs We prefer physical, but hey - it's up to them. But please, all ETF investors shall not dare to complain when they don't get any real metal out of these ETFs when the collapse of all paper goes down.
New 2011 - 07 - 06: [09:45 am] Good luck: China raises interest rates amid inflation fight Inflation hit a 34-month high of 5.5 percent in May and is believed to have risen further in June even as an overheated economy cools gradually under the pressure of investment curbs and other controls.
New 2011 - 07 - 05: [12:00 pm] All the wealth is just 'borrowed': Chinese Local Debt May Be $540 Billion ore Than Thought
New 2011 - 07 - 04: [08:00 am] Mineweb: The Dragon's teeth. Gold critical in China's global financial aims [08:00 am] Safehaven: China Bought More Treasuries Than Disclosed, Perhaps Illegally; Nuclear Dollar Dumping Theory Revisited
New 2011 - 06 - 29: [11:00 am] Mineweb: China's first precious metals spot exchange opens in ‘Silver City'
New 2011 - 06 - 27: [09:30 am] Will get even more intense: India's love of gold and its impact on global demand
New 2011 - 06 - 17: [06:00 am] No problem: India raises interest rates, worrying signs for gold [06:00 am] New York Times: India Raises Rates Again to Fight Inflation
New 2011 - 06 - 14: [10:30 am] Also because of the inflation? Migrant Worker Riots In Southern China Intensify
New 2011 - 06 - 13: [03:00 pm] Japan: 45 New Photos Of Fukushima Daiichi Nuclear Power Plant
New 2011 - 06 - 11: [03:00 pm] China to start a war, if the crash is coming? China Tries to Start a War?
New 2011 - 06 - 08: [04:00 pm] Huffington Post: China Overtakes U.S. As Top Energy Consumer
New 2011 - 06 - 06: [06:15 am] They are trying to get their hands on whatever they can get right now: China shops for Latin American oil, food, minerals ...the only aim is to get rid of their US dollars (between $2-3 billion). This is a difficult task, cause they can't simply flood the market with the US currency, because this would result in a massive depreciation of the residual amount of dollars they still have. They have to do it carefully, step by step..and hope that the market doesn't lose full confidence in the dollar before they haven't gotten rid of a big part of their holdings.
New 2011 - 06 - 01: [06:45 am] Mineweb: Chinese banks instructed to warn silver investors of risks - media report SHANGHAI (Reuters) -Chinese banks have been told to adequately warn silver forward investors of trading risks after recent price swings, local media reported on Wednesday, citing a notice from the Shanghai bureau of the China Banking Regulatory Commission. Sissies should definitely stay out of the silver market, no matter if you're American, European or Asian. Many 'investors', especially the beginners, can't handle this kind of volatility from the mental point of view. If the weak hands still decide to invest, they'll get shaken out later on. If you are a 'strong' investor, both physically (;-)) and mentally, then silver is the right market for you.
New 2011 - 05 - 31: [05:15 am] After the tsunami: Japan jobless rate rises, factory output anemic
New 2011 - 05 - 27: [04:45 pm] Fortunately we already got ours: Chinese gold imports surging - and still growing
New 2011 - 05 - 20: [11:45 am] Major amounts of gold going eastwards: China is now top gold bug China's investment demand for gold more than doubled to 90.9 metric tons in the first three months of the year, outpacing India's modest rise to 85.6 tons, the World Gold Council said in its quarterly report on Thursday. China now accounts for 25% of gold investment demand, compared with India's 23%. Don't forget: he who has the gold will make the rules. [06:30 am] They have no other options after the latest events: Japan's central bank keeps key rate at near zero The Japanese economy needs cheap credit now to be able to rebuild everything that has been destroyed by the earthquake and the tsunami.
New 2011 - 05 - 19: [03:30 pm] Smart people make smart moves: Asian households buy gold China and India accounted for 56% of the first-quarter's 981.3 tonnes of Gold Bullion demand. US demand fell from the end of 2010. So expect many more Asians to become new millionaires soon....gold and silver millionaires in fact.
New 2011 - 05 - 12: [08:30 am] Role model: China raises bank reserve requirements
New 2011 - 05 - 09: [08:00 am] In fact it's the hottest investment in the world right now: Price drop makes silver an even hotter investment in India But only very few people are already invested, at least not in the Western world. Everyone's talking about it, but nobody owns precious metals. "Silver's price slump has done nothing but raise demand for silver in India as companies hand out silver coins as part of employee bonus packages and jewellery stores promote silver as an affordable alternative to gold." You see, silver is already an accepted means of payment in some Asian countries, and will become one in the Western Civilization as well. We think that at a certain point in the future, not too far from now, a gold ounce will represent an annual salary and a silver ounce might add up to a monthly salary in the lower class. And be assured of the fact that many people who still consider themselves being part of the middle class today, will be lower class by then. [07:45 am] What else are they supposed to do, make a restaurant of it, or what? Japan expected to shut nuclear plant
New 2011 - 05 - 03: [07:00 am] The whole world increases interest rates, except for the US: India central bank lifts rates by 50 bps [06:30 am] News from the Tepco dabblers: Top Japanese nuclear expert/proponent: Government’s announcement is wrong — I believe all the fuel rods are completely melted down
New 2011 - 04 - 26: [05:45 am] 'Big money' about to pour into the gold market: Gold investment opportunities abound for India's rich
New 2011 - 04 - 22: [05:15 am] Huffington Post: Japan Approves Nearly $50 Billion For Post-Earthquake Rebuilding
New 2011 - 04 - 21: [04:15 am] The first big appreciation against the US Dollar because of inflation: Rumor: China To Revalue Yuan 10% This Weekend? China, too, has no other chance than to appreciate its currency, if it doesn't want to get eaten up by inflation.
New 2011 - 04 - 19: [06:00 am] The New York Times: Inflation in China poses big threat to global trade
New 2011 - 04 - 14: [01:15 pm] They can start to write them off: China FX reserves soar past $3 trillion
New 2011 - 04 - 11: [06:45 am] They built a little too much: China's Ghost Cities and Malls
New 2011 - 04 - 10: [05:15 pm] Bloomberg: China Reports First Quarterly Trade Deficit in Seven Years [05:15 pm] Just-In-Time & co: The Japanese Economy Is In Much Bigger Trouble Than Most People Think [05:15 pm] Video: Inside report from Fukushima nuclear reactor evacuation zone
New 2011 - 04 - 05: [09:45 am] Others will follow their lead: China central bank raises key interest rates [05:30 am] Mineweb: Chinese commodity demand to continue but social tension a concern - JP Morgan
New 2011 - 03 - 31: [06:30 am] Guardian: Japan may have lost race to save nuclear reactor [06:30 am] Huff Post: Japan Told To Consider Widening Evacuation Zone Around Nuclear Plant TOKYO, March 31 (Reuters) - Pressure mounted on Japan on Thursday to expand the evacuation zone around its stricken nuclear power plant while officials said radiation may be flowing continuously into the nearby sea, where contamination was now 4,000 times the legal limit. We think that it's important to keep our readers and ourselfs up to date on this topic, because this whole thing has the potential to affect all of our lifes (in a negative way), but we won't further comment on it. In the first place because we do not understand enough about the technical side of meltdowns, nuclear reactors, etc. and in the second place we think that the media covers this topic very good, at least regarding the quantity of their coverage, not talking about the quality.
New 2011 - 03 - 30: [06:00 am] The gold market seems to adapt to the silver market, it's getting tighter day by day: China TV reports gold sales ‘going through the roof' and shortages for fabricators London - It appears that Chinese gold demand continues to run at a very high level with fabricators reporting difficulty in obtaining sufficient supplies for their businesses. China's English Language TV station, part of state-owned CNTV, reports that gold demand is going ‘through the roof' despite the post Chinese New Year period usually being a slack one for gold sales and China itself nowadays being the World's top gold producer. Again, this news is pretty good news, as it clearly points out the persistent tightness in the precious metals market. All we have to do is stay patient for another couple of days, maximum. We'll be highly rewarded. Promise.
New 2011 - 03 - 29: [09:15 am] This will result in the next strong upmove: Massive Raw Gold Shortage In China - Supply And Demand Crunch Looms
New 2011 - 03 - 27: [04:00 pm] China - a dangerous development: China's ghost cities and shopping malls [06:45 am] Clear evidence for a nuclear meltdown: Radiation In Japan Nuclear Plant Ten Million Times Higher Than Normal
New 2011 - 03 - 24: [03:45 pm] NY Times: Radiation Fears Cloud Japan’s Recovery Far greater damage could occur if Japanese automobiles or electronics get contaminated with radiation, or if fear spreads among consumers that they could be exposed to radiation by sitting in a Prius or playing a DVD. This could change into panic among the general public. Good night, japanese exports.
New 2011 - 03 - 16: [04:15 am] This helps the NIKKEI to wipe out half of yesterdays losses: Bank of Japan emergency funding hits nearly $700B
New 2011 - 03 - 15: [04:30 pm] Before and after the tsunami: Japan Earthquake: before and after [04:30 pm] The catastrophe is breaking Japans neck: 14 Reasons Why The Economic Collapse Of Japan Has Begun [10:00 am] Telegraph: Japan earthquake: live [10:00 am] Nuclear catastrophe is also hitting Russia: Russia ready to 'evacuate islands' over Japan risk [10:00 am] Audio: Alex Jones Show - Gerald Celente - Japan Nuke - 2011 03 14
New 2011 - 03 - 14: [06:30 am] They are pumping $184 billion into the markets to avoid a crash: Japan central bank jumps to help after earthquake The NIKKEI 225 lost more than 6% during the Asian trading session today. What would have happened if they didn't provide liquidity to the markets?
New 2011 - 03 - 13: [08:30 am] How will this affect the price of gold on monday? Japan quake causes emergencies at 5 nuke reactors [08:30 am] The media told us about '30 dead people' in the beginning: Japan quake-tsunami death toll likely over 10,000
New 2011 - 03 - 12: [07:00 am] Thousands of residents were evacuated as workers struggled to get the reactors under control to prevent meltdowns: Japan quake causes emergencies at 5 nuke reactors [07:00 am] Video - White smoke billows from Fukushima nuclear power plant
New 2011 - 03 - 11: [11:30 am] Japan: Japanese quake hits stocks, oil but yen holds on [11:30 am] Rampant inflation is driving Chinese consumers to buy gold on a massive scale: China Buys 47% of the World's Gold
New 2011 - 03 - 09: [05:45 am] China is again buying US Treasury junk: China Adding to $1 Trillion of U.S. Debt Caps Rise in Rates
New 2011 - 03 - 07: [05:45 am] At a certain size, it's impossible to keep up double digit growth forever: China says trade surplus should shrink this year
New 2011 - 03 - 04: [04:30 am] Just wait what's going on until all 1.3 billion Chinese wake up to get their piece of the pie: MASSIVE gold demand continues to break records in China
New 2011 - 03 - 02: [08:00 am] Inflation pressures in China and India mounted on Tuesday as data showed manufacturing costs jumped last month, raising the prospect of fresh rate rises: Data fuels China, India inflation worries High Inflation in Asia will prompt a flight to physical Gold and Silver. Asians and Russians, unlike most Americans and Europeans, have a distrust of fiat money.
New 2011 - 02 - 28: [03:45 pm] Oh yes, we shouldn't miss out on that one: Timing the China property crash [03:45 pm] Mineweb: India imposes duty on gold, silver items
New 2011 - 02 - 27: [08:00 am] Instinct is very helpful in times like ours: Indian gold sales to soar on strong farm income In the irrigated north Maharashtra's cotton belt districts of Jalgaon and Dhule, daily arrivals at the Agricultural Produce Market Committee have soared many times over. With farmers having a lot of cash on their hands, many are moving towards buying gold in small quantities rather than investing in farm machinery, say traders. Those who own gold will make the rules. These impressions from India teach us that farmers won't only prosper because of the fact that they have all the food, but now, they own gold as well, which makes them even more powerful.
New 2011 - 02 - 23: [04:30 am] Big bank run? Korean Bank Run Spreading: Eighth Bank Closes Following "Massive Withdrawals" [04:30 am] In addition to that: One more savings bank shut down
New 2011 - 02 - 20: [02:00 pm] Will push the price: Hunger for gold unabated in India and China [09:00 am] China is buying 25% of the world gold production: Is China Hoarding Gold In Anticipation Of A Global Financial Implosion? 10 Facts About Gold Fever In China That May Surprise You
New 2011 - 02 - 12: [12:30 pm] Video: The Next Decade: China Still Rising?
New 2011 - 02 - 09: [07:30 am] Even the hardened paper boys on Wall Street are aware of inflation’s impact on the price of gold: China, Inflation, Gold
New 2011 - 02 - 03: [01:30 pm] Good to hear: China gold buying "stuns" precious metals traders - demand unbelievable It's only the beginning. We gonna see some real magic soon.
New 2011 - 01 - 29: [12:30 pm] India continues to buy gold, faster than ever before: India's Jan gold imports seen up 6.6% YoY
New 2011 - 01 - 27: [02:45 pm] Mineweb: Real gold makes way for imitation in India [02:30 pm] Bloomberg: Japan's credit rating cut to AA- by S&P on debt load
New 2011 - 01 - 22: [01:15 pm] "Investment Demand": Chinese Silver Demand Surges Four Fold in Just One Year Silver has always been the traditional money in China. No surprise that people hoard it.
New 2011 - 01 - 16: [06:00 am] China crash ahead? Hedge funds bet China is a bubble close to bursting
New 2011 - 01 - 12: [12:30 pm] They constructed buildings that no one needs: More Clues Of China's Real Estate Bubble: Ghost Malls
New 2011 - 01 - 09: [11:00 am] Video: The Incredible poverty in Japan !!!!!!!!!!
New 2011 - 01 - 06: [05:30 am] They have also problems with inflationary tendencies: China central banker warns of inflation risk
New 2011 - 01 - 03: [06:15 am] The rats are already leaving the sinking Chinese ship: As Hot Money Rushes Into China, The Smart Money Is Getting The Hell Out
New 2010 - 12 - 25: [07:00 am] Till there is no gold left: China Central Bank absorbing substantial amounts of gold without disrupting market LONDON - Is China increasing its gold reserves but without reporting it, yet again? Or is this pure market speculation? The odds would favour the former, but the markets just won't know until the Chinese announce the fact at a point in time of their choice. Such an announcement is politically very sensitive, and if several hundred tonnes of gold have indeed quietly and surreptitiously been moved into the Asian giant's coffers, which this writer feels is more likely than not, then news of this could have a very sharp upwards price impact for the precious metal. Their hunger should be boosting the price in early 2011.
New 2010 - 12 - 22: [05:45 am] They are hungry for some cheap gold: Gold demand rampant in China - a market that's going places [05:45 am] Same thing in India: Indian gold demand jumps as price comes back Asians seems to be a bit more aware of the critical situation, nowadays. While Americans argue whether the dollar is more stable then the euro, and Europe drowns in snow, Asians act and continue to hoard gold. Good boys.
New 2010 - 12 - 20: [10:15 am] New signs of infinite decadence: Hotel Regrets $11 Million Christmas Tree Does anyone know how much the christmas tree in front of Rockefeller Center cost this year? Probably it's the same price category as this one here in Abu Dhabi. It'll be interesting to see how expensive christmas trees will be when the US is officialy broke. They are probably gonna look like this then: PHOTOS: The Funniest Alternative Christmas Trees
New 2010 - 12 - 15: [08:00 am] They want a piece of the pie as well: Chinese rush to gold as inflation fears bite LONDON - While recent statistics show that China's gold imports have risen dramatically this year, despite China itself being the world's largest gold producer with mine production still rising to, anecdotal evidence suggests that this may just be the tip of the iceberg as Chinese people are, apparently, rushing to buy gold as an inflation hedge. A report in the Financial Times suggests that gold purchasing by individuals is turning into such a rush - and the rising price, if anything, is - contrary to Indian experience - fuelling the intensity of gold demand there. It's interesting to hear that especially individuals start to buy gold. Wait until gold gets even more expensive and the vast majority of the 1.3 billion Chinese people wake up and want physical metal. There won't be enough gold for everybody, which puts silver on the map. And you already know what this means, right? [07:45 am] Mineweb: Fitch Ratings predict stable outlook for global metals in 2011 Fitch analysts suggested, "Longer term, continued consumption growth in China and recovery in the industrialized nations, coupled with limited new supply, could result in persistent deficits and higher prices to clear the market."
New 2010 - 12 - 13: [04:30 am] Mineweb: Indian gold buying unabated but carats lower
New 2010 - 12 - 11: [09:45 am] When is China's housing bubble going to burst? 85pc of urban Chinese cannot afford to buy a home as inflation accelerates
New 2010 - 12 - 07: [09:00 am] The Asian economy won't be able to prosper like it did in the past: Shadow over Asia
New 2010 - 12 - 06: [06:45 am] The Royal Bank of Scotland has advised clients to take out protection against the risk of a sovereign default by China: China's credit bubble on borrowed time as inflation bites The danger of a Chinese sovereign bankruptcy. Therefore China tries to keep up export trade by any means. [05:15 am] They are definitly on the right way: Chinese view gold as real money and demand is exploding Wonder how long it's gonna take the 'leaders' of the western countries to finally acknowledge gold and silver as real money.
New 2010 - 11 - 30: [04:15 am] Mineweb: India to consider hike in import duty on gold, silver
New 2010 - 11 - 29: [04:15 am] So demand must be real big: Gold imports jump in India [04:15 am] Western money pouring into Asia: Emerging East Asia bonds hit $5.1 trillion in 3Q
New 2010 - 11 - 28: [03:30 pm] Is crazy Kim planning a big war? Expats recalled as North Korea prepares for war
New 2010 - 11 - 26: [09:00 am] Mineweb: China says it may be willing to soften rare earth export cuts
New 2010 - 11 - 23: [04:15 am] This move won't put too much confidence in the chinese system: China bans hoarding of oil, coal to cool prices SHANGHAI (AP) -- China is banning the hoarding of oil, coal and other key commodities, seeking to ensure supplies and cool prices that have surged to politically volatile levels despite repeated moves to curb inflation. The moves reported by state media Tuesday are Beijing's latest effort to counter unease over inflation that jumped to a 25-month high of 4.4 percent in October. Authorities want to reassure a nervous public that the government can handle inflation pressures that some worry could spiral out of control.
New 2010 - 11 - 20: [05:15 am] Inflation in China: Marc Faber: "China And The US Are On A Collision Course", Sees 10% Real Inflation In China
New 2010 - 11 - 19: [06:30 am] 321gold: India and China Continue to Drive Gold Demand It's the hunger for more. Understandable.
New 2010 - 11 - 17: [12:30 pm] Financial Times: China eyes price controls to fight inflation [12:15 pm] More is always better: China Business Daily Reports China Is Considering Raising Gold Reserves [05:15 am] The hunger for more: Beijing to subsidize food after price spike
New 2010 - 11 - 16: [03:15 pm] The years of double-digit growth are over: China - Serious inflation slows economy, already weakening copper consumption.
New 2010 - 11 - 12: [06:30 am] Wayne Madsen: China Fired Missile Seen In Southern California Pentagon and its embedded media covering up Chinese show of force off LA
New 2010 - 11 - 11: [09:15 am] The coming end of the American Empire: China may be bigger economy than US within two years
New 2010 - 11 - 10: [04:00 am] Yes, keep hoarding it: Diwali sets gold buyers alight in India
New 2010 - 11 - 09: [02:00 pm] It's about time: Leading Chinese credit rating agency downgrades USA government bonds One of China’s leading credit rating agencies has downgraded United States of America government debt in response to what it sees as deliberate devaluation of the dollar by quantitative easing and other means. China takes more and more the offensive and names distinctly the mistakes of the USA.
New 2010 - 11 - 08: [04:30 am] In order to be less dependent on imports: China to spend $4.48bn on domestic mining exploration
New 2010 - 11 - 03: [01:15 pm] Chinese Professor
[04:15 am] "rapid growth is easing to a manageable pace": World Bank raises China growth outlook
New 2010 - 11 - 01: [04:30 pm] India: October gold imports up on festivals, investment (Reuters) - India's gold imports in October rose to 43 tonnes provisionally, above a Reuters poll forecast of 41.5 tonnes, as a good monsoon and investment appeal drew consumers to the metal despite high prices, the president of the Bombay Bullion Association (BBA) said on Monday. Will be good for the price.
New 2010 - 10 - 29: [01:15 pm] The Chinese rulers are getting nervous: Misguided Love Affair with China; China's Massive Monetary Expansion and Crackup Boom
New 2010 - 10 - 27: [06:30 pm] Some pretty intelligent guys must be in there: China Commerce Ministry Says Country Should Buy More Gold, Diversify Dollar Holdings
New 2010 - 10 - 26: [04:45 pm] They should have known that Ben has a print fetish: China Retaliates Again, Accuses US Of "Out Of Control" Dollar Printing
New 2010 - 10 - 23: [05:45 am] Gotta be careful: Chinese stock market will outperform gold and silver |
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