Silver 2nd most Traded Industriel commodity in the World but has most patents!
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Sunday, January 9, 2011
Saturday, January 8, 2011
Bank of China Gold & Silver
I was there in Shanghai during the summer, and most banks were selling gold and silver bullion in their glass show cases. Bank of China has been actively promoting gold and silver products for years. I am now back in Asia and noticed that they have changed their marketing program slightly for gold and silver products. Silver & Gold Pandas can be purchased once again by special order but to my knowledge can no longer be purchased on-site at the bank. Prices for Silver Pandas have increased from about 160RMB the first time I lived in China to now about 240 - 270 RMB per coin. The price varies by dealer. One thing is for certain, demand is sure there. Prices will only increase. We are just getting started in the greatest bull run for precious metals in history!
If China could do something about the outrageous level of counterfeitting it would increase confidence in purchasing these items. I love Pandas more than any other coin and I'm virtually certain I dont own any fakes, but I just wouldnt be able to bring myself to buy those bars from a 3rd party.I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months.
If China could do something about the outrageous level of counterfeitting it would increase confidence in purchasing these items. I love Pandas more than any other coin and I'm virtually certain I dont own any fakes, but I just wouldnt be able to bring myself to buy those bars from a 3rd party.I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months.
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Fluctuations in the Silver Market : Max Keiser on the Edge 1 with David Morgan [07-Jan-11]
Kill 666 buy .999This edition of Press TV's On the Edge with Max Keiser sheds light on some behind-the-scenes realities of the silver market. The main problem with the precious metal is that, in some transactions there is no real, physical silver and what the investor gets in return for his money is paper silver. Some federal banks have pursued the trend for a quite long time and continue to do add to their huge pile of liability by issuing more and more paper silver. The manipulation is feared to leave a huge impact on the market in the long run.
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If the world mines 600,000,000 oz.s a year, and we use 600,000,000 oz.s.a year, and the world has 1,000,000,000 oz.s. Are they count the silver in my safe, and if so tell them to put me down for 285 more oz.s I bought to day. Take down J.P. Morgan.