TSXV:SLX.P - Post by User
Comment by
doscoon Apr 28, 2011 11:45pm
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Post# 18504663
RE: RE: RE: Gold’s increasing currency in China
RE: RE: RE: Gold’s increasing currency in Chinachina switched from exporting 3000tons AG a year to importing 3000 tons a year...
and there is no end of the trend in sight...
indis imports raise as well dramaticially but I do not have the numbers at hand...
chins gov and the peoples bank recommend to buy ag and au to the population.
imagine the FED or the EZB woudl do this... what would happen.
I remember that within 3 month 1 million (!!!!) PM accounts were opened just in china.
this is a shift and as gold raise the silver train will raise/be faster as AG is the poor mens gold and this will be even more true at higher rpices. that is another fact which most people do not understand. one conclusion is that silver juwelery is not a "cheap" think but started to be a luxory good as well and this will even more drive (not reduce!!!) silver demand...
how much AG/AU will be bought by the UTAH people as sson as the phsycall acceptance to pay e.g. tax with AU/AG is installed. I remember this could be done by 7th may 2011... right?
this monster demand is so near and the effect could be that strong...
cheers,
dosco