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Monday, October 3, 2011
Physical Gold demand increases in China & Asia with every pullback in the prices
The Recent pull back in gold is a reaction of the severity of the global financial situation says Albert Cheng, Managing Director, Far East, World Gold Council, , everybody was looking for liquidity , on the longer term the fundamental is still looking very good , the long term trend has not been changed , we see physical demand for Gold in Asia increasing whenever there is this kind of pullbacks he added , China is a key driver in global demand for gold and jewelry , Demand for Physical Gold increases in China and Asia with every pullback in the prices
Bob Chapman - Real News Radio 01 Oct 2011
Bob Chapman : it is not natural that when the market went down the gold and silver went down with them , they forced them down , they did it twice in the last 2 week , the second reason for the attacks against the gold and silver is that JPM and HSBC have very large short position in both gold and silver and particularly Silver ,
and the opposite is true with the bonds and stock market they want them up , they want investors to believe that the only refuge is the bonds and stock market , really the only safe refuge is the gold and silver related assets
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