Contact: Sarah Xie Tel:+86-755-86610877 +86-755-86611977 Fax:+86-755-86611273 E-mail:xinjiachang@gmail.com Address:Room 404,Shahe Century Holiday Plaza B block, Shennan Road,NanShan District, Shenzhen City, Guangdong Provice.
bollocks- There are many well run gold companies, cash rich, debt free, unedgehd, low cost, active producers of gold, with top quality multi million ounce resources. Now if the price of gold is going to rise to or go above and beyond 20k USD (as suggested in some of his videos), then such companies stand in good stead. Gold miners like African Barrick and Centamin egypt have been battered recently much more than spot gold. Dont put it all in physical, expose yourself to some solid producers
It really looks that Eric's obavnestiors, explained in couple last topics are correct - especially now:1. GS (and US Treasury) try to suppress price of gold with "paper gold". It happens always about 10 o'clock New York time. Than the spot price of gold use to be always pressed until closing of the NY paper gold stock-exchange. Now - it is more than obvious - than this is the time when Chinese try to liberate themselves from "US dollar trap" - i.e. they buying bullion gold at lowest price. With other words - they effectively keep price of gold up.2. After closing of NY "paper gold" stock-exchange - spot price of gold continue to rise, since other buyers still try to hedge with bullion gold. Chinese do not buying at this time.It is like a game (economic war game) between US and China.This looks at continuous game - and it going to stop this instant when there are NO REAL (bullion) anymore to sell.It looks that this moment is just closer and closer with each day past.The REAL question is just:WHEN NY paper gold exchange - will default since it has no possibility to deliver REAL bullion anymore?
Address:Shenzhen Nanshan Shennan Avenue Shahe Century Plaza Holiday B seat 404 rooms ( window of the world station C1door ) Tel:0755-86611977 Fax: E-Mail:cyf@jiachang.com.cn Webmaster