Monday, August 19, 2013

A LOOK AT GOLD & SILVER VAULT in HONG KONG - FOR ASIA'S WEALTHY ELITE





Hong Kong's largest gold-storage facility, which can hold about 22 percent of the bullion now in Fort Knox, will open in September to meet rising demand from banks and the wealthy, according to owner Malca-Amit Global Ltd. (3271)


"Hong Kong is a very important center for gold, especially because it acts as a doorway to China," said Sunil Kashyap, head of Asia-Pacific foreign exchange and precious metals at Scotiabank. "Current international hubs are in New York, Zurich and London. There's still a need to set up an Asian hub for physical gold. The trend is for more people to look at storage and trading in Asia, when it comes to physical metal."
11-Year Rally
Immediate-delivery gold rallied from 2001 to 2011 as investors sought protection from weaker currencies and the risk of inflation, and central banks boosted holdings.

The week after Cyprus said in March it would impose a levy on bank deposits of more than 100,000 euros ($132,000) amid Europe's debt crisis, Rene Buchwalder's business boomed.
"This bar is one of the best sellers," the former UBS banker said in the vault of his gold and silver trading company Pro Aurum. He reached into a stone-grey safe holding neatly stacked coins and selected a 100-gram tablet.
"You can break it into individual pieces and use it as money in case the European Union goes under."
As the euro-area went through a record-long recession, and only edged back to growth last quarter, demand for storing gold bars and coins in Swiss vaults has been rising.
Even as the price of the metal has declined more than 20 percent this year, some investors see gold as less risky than other assets such as bonds, where debtors may not be able to pay, or equity in a company that may go out of business

Swiss gold fund manager Egon von Greyerz tells King World News today that Swiss banks are obstructing their clients trying to remove gold to private vaults. Von Greyerz adds that gold's downtrend is over and its uptrend will accelerate soon. The World Is Now On The Edge Of A Massive Collapse Egon von Greyerz warned King World News that the world is now on the edge of a massive collapse. Geryerz also cautioned investors that banks are now making it harder for their clients to get physical gold out of the banking system.

Australia's ANZ bank is the latest to open a gold vault in the Singapore Freeport area next to the city state's Changi airport. Other recent vault builders there include Deutsche Bank and JP Morgan, while Switzerland's Metalor has one under construction and due to open in a couple of month's time. Together with new gold vault openings in Hong Kong this is yet another outward sign of the continued flight of gold from West to East, although the vaults are also servicing western precious metals investors seeking safe, and relatively low cost vaulting facilities outside of the traditional depositories in the U.S. and Europe. Now either the Western bullion banks have misjudged the power that gold still retains in the global psyche and as a key financial instrument, or the Asian investors and governments, which are continuing to accumulate gold at a high rate, have got it wrong insurance, taxes

Gold vs Silver - Which should you buy and why?

TheHelpfuldad talks about whether you should buy Gold or Silver (or both). He reviews the pro's and con's of owning each metal and what you should consider before buying either.

Silver Price Soars Back Into Bull Market



Do you know US government namely the FED has printed or expanded the amount of money by over 2.68 trillion dollars since 2009 alone?
The consequences of doing this are that you will lose dollar value rapidly if you are holding paper money or non physical assets as your investment portfolio.
So called hyperinflation sooner or later will cause you to lose most if not all of your hard earn assets quicker than you realize unless you take the rightful step to hedge your paper based IRA retirement portfolio with physical investment in gold or silver.
It is for your own protection that you take the best measure against currency debasement from currency collapse and run away hyperinflation that is taking place even while you are sleeping.
As hyperinflation is inevitable you should as soon as you can to stop investing in paper based assets such as stocks, bonds, mutual funds by safeguarding your saving especially your retirement fund now.
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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 : This Economy is like a house of cards


Robert Kiyosaki : This economy is like a house of cards and it can't be propped up forever by the Fed.


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 : Every time fiat currency is printed, who loses? The people who play by the old rules.



Robert Kiyosaki : Every time fiat currency is printed, who loses? The people who play by the old rules.


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 ‏: Sales people profit even if you lose


Robert Kiyosaki ‏: Most don't know the difference between advice from rich people and advice from sales people. Sales people profit even if you lose


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.
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