The demand for gold in Asia reached a record high in first quarter 2011

Asians immense passion for gold continues to grow , China's Gold Imports Soaring almost a fivefold : Under the impetus of a persistent inflation in China and concern for maintaining its currency, the demand for gold in the Asian continent continues to be increasing and reached a record high in first quarter 2011.In this context, the 'new rich' and households with higher incomes in both China and India are turning increasingly to the precious metal as a way to diversify their investments.Just in the month of January, the Commercial Bank of China, a major financial institution in the country, has sold a total of 7 tons of gold bullion, which equates to around half of all sales transactions recorded by the bank over the year 2010. One reason for this growing demand for gold in China is still higher prices, which rose 4.9% in January compared to the same month last year. While analysts expected a higher figure, close to 5.3%, concern about inflationary pressures on the huge Asian continent could lead the Central Bank to review interest rates on the rise.Bank of China has been actively promoting gold and silver products for years. 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 a year ago 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! and Asia is the biggest player in this bull market

Gold and Silver Short Squeeze, David Morgan interview

There is a lot of talk recently about a short squeeze in silver, and about backwardation (where future month prices are in fact lower than the spot or current price) The easiest way to ride this Silver and Gold bull market which is the only true bull market around, is to buy and own physical gold and silver held in your own possession. You cannot sell simply hitting a button. Perfect situation to be in. That is, if you want to stay in your position during a bull market go long and stay long I hope that you get the last ounce of silver on planet earth. I want to see this thing explode already State of Utah has already passed a bill making Gold and Silver legal tender in the state.

Gold price has risen by 30% in 2010 alone !

During the year 2010 gold has risen in price by 30%. Growth in the value of the metal was recorded the tenth consecutive year that was the longest period of price increases, at least since 1920.