China pushes silver and gold investment to the masses

[peaceandlove]

THUNDER ROAD AGAIN

China pushes silver and gold investment to the masses

A report suggests that the Chinese government is pushing the general public into buying gold and silver bullion, which could have a dramatic effect on the markets.

Author: Lawrence Williams
Posted: Thursday , 03 Sep 2009

LONDON -

We are indebted again to Paul Mylchreest's Thunder Road Report for news that will bring big smiles to gold and silver investors everywhere. Apparently China is pushing the idea of buying gold and silver for investment purposes to the general population in the way that Western television sells soap powder. If 1.3 billion Chinese citizens start buying gold and silver, even in tiny quantities, imagine what that will do to the market!

The report notes that China's Central Television, the main state-owned television company, has run a news programme letting the public know how easy it is to buy precious metals as an investment. On silver investment the announcer is quoted as saying " China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive than silver in 2007, but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in."

Continues: http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=88452&sn=Detail

SOURCE: http://solari.com/blog/ Catherine Austin Fitts' blog

[peaceandlove]

Floating Derivatives In Uncertain Waters Increases Risk of Drowning

Posted: September 9 2009
Bob Chapman

China has opened up gold to its public to allow them to protect their wealth, America discourages public investment in gold, China may back out of derivative contracts, traps and uncertainty remain for any actions, Turn your ETF into physical now,

In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, who previously were not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason. The yuan, like the dollar and virtually all other paper currencies, with the exception of the euro, are one hundred percent fiat currencies backed by absolutely nothing but government promises which aren't worth the powder to blow them to hell. Even the euro's gold backing is pathetic at best. Initially it was a respectable 15%, but the backing is probably now about half of that due to Washington Agreement gold sales and surreptitious gold leasing.

Continues extensively: http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Floating_Derivatives_In_Uncertain_Waters_Increases _Risk_of_Drowning

[Anchor]

Exchanges eeh? Paper gold, paper silver? Where have I heard that before?

Give my physical metal or I am not interested! :)

A..

[Connecting with Sauce]

With all the printing presses running flat out in the world printing money maybe actually investing in paper may be a good option :) after physical paper of course... you'll need it to wipe the fan!!!