Wednesday, January 16, 2013

Upcoming Debt Ceiling & China Gold Demand Explodes




According to the MIIT statement, domestic demand is set to surpass 1,000 tons by the end of 2015. This vastly improves the fundamentals for gold as a long term investment and silver for some extra upside potential. Keep in mind, these are the government reported numbers that only reveal what they have declared. There have been numerous reports of gold smuggling into China that would never be found on the books so use these figures as base levels. The ultimate impact of increasing their gold demand 500 tons per year could be enormous. India's demand has recently been curbed by government actions to slow down the physical acquisition by introducing new paper backed ETFs, but that doesn't stop under the table transactions. The IMF World Gold Council recently came out with a report showing how in November, China imported 90.8 tones of gold. That was double the 47 tonnes the imported the previous month in October bringing their annual import amount to over 800 tones, double what they imported in 2011. To put this in perspective, the 800 tones of gold imported in 2012 will exceed all of the official holdings of China. Also, during 2012 the Chinese bought $39 billion of gold while they bought under $10 billion of worthless U.S. Treasuries. Stay tuned on http://DailySilverUpdate.com for future updates about China's gold buying craze.

Silver industry hit by shortage of craftsmen

Silver is a versatile metal, in the true sense of the word. It is adorned not just by women, as undoubtedly the silver khanjar is every Omani man's pride. There has always been a huge demand for silver, especially in Nizwa, which is said to be the oldest and the most famous wilayat to produce exquisite and creative silverware. But despite the means to produce such artefacts and a good demand, the industry has a serious dearth of Omani craftsmen, who are unwilling to acquire skills and keep up the tradition. Tourism is a major catalyst for the sale of silver in Nizwa. Edrees al Hashami, manager at the department of craft industries in the Dakhliyah governorate, said, “Demand for silver is continuously increasing and the main factors pushing the demand is an increase in tourism and trade. Omanis too prefer silver more than gold because the latter is expensive.” Nizwa Souq is the destination for silver lovers and the most popular items sold there are rings, chains and necklaces, according to Dawood al Ishaqi, a handicrafts dealer. Further, addition of fresh new designs to the stock attracts more customers, said Suleiman al Suleimani, a jewellery businessman in the souq.
read more http://www.muscatdaily.com/Archive/Oman/Citizen-Journalist-Silver-industry-hit-by-shortage-of-craftsmen-1z3s >>>
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki ‏: Money is only an idea

Robert Kiyosaki ‏: Money is only an idea. If you want more money change your ideas.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Watch What The Idiots are doing and do The Opposite

Robert Kiyosaki : " Watch What The Idiots are doing and do The Opposite "

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

DAILY NEWS ON BOOZE