Explosion of physical Gold demand from China

There is an explosion in the the amount of physical gold buying around the world and especially in China. John Embry of Sprott Asset Management told mineweb recently : "You saw the number of the imports via Hong Kong into China for the last year - there were about 100 tonnes imported in November alone . If you think about that it's only about a 4,000 tonne market and in one month the Chinese import 100 tonnes. That's huge. They've been pretty forthright about saying and expressing their views on gold and other things and now they are taking action."

John Embry : The 12th year of Gold bull cycle will be the best

1/25/2012 : Sprott Asset Management's John Embry interviewed by Mineweb - John Embry believes that the prospect of global "Weimar situation" is very real and bullish for gold. "If the economies are as damaged as I think they are, particularly in Europe, (I don't think they are as good in China or the US as they are trying to crack them up to be).... I think gold and silver prices could conceivably see the biggest percentage gains this year that they've had in the entire bull market" John Embry said "There's an excess debt issue in virtually every country of any import in the world and the chance of growing out of it are zero. I am a big believer in Austrian economics which says growth requires more and more debt creation. We can't support the debt we have already. We have seen that in vivid fashion in Europe," he added

Bob Chapman - Sovereign Economist - January 18, 2012

Bob Chapman - Sovereign Economist - January 18, 2012 : we have a downgrade for Italy, coming from Fetch , Germany itself is not immune it was downgraded from AA to AA- by a European grading agency and the reason is because Germany ( with the federal reserve in this case ) is guaranteeing all that it which is on the hook too which makes sense