CHINA IS THE GOLD POWER HOUSE----------By Shan Saeed
WEST VS EAST MIND SET. INDEPTH ANALYSIS
People are selling Gold and Silver in the west. In the east, investors and people are only buying Gold and Silver for wealth protection. Recent views and market indication, all reveal, investors have built their trust in Gold and Silver for wealth preservation and financial repression. China is the world’s largest gold producer. Align your strategy with Chinese yuan and PAGE i.e. Pan Asian Gold Exchange set up in June 2012 to make sustainable revenues going forward. Gold is a classy strategic asset for the rich people to stay rich. Gold is not for every investor.
GOLD PRODUCTION CHART OF 2011
Countries Gold production in Metric Tons
South Africa 190
Papua New Guinea 70
Sources : US Geological Data -2012,
World Gold Council,
IMF & Economist magazine
ROMANCE IN LUXEMBOURG
China has made her intentions very clear after she did not get a good response from London financial center to trade its transactions to choose Luxembourg as the next best destination for economic growth and emergence of the new Chinese era of financial innovation with European pioneers. According to Financial Times and Wall Street Journal newspapers, British regulators are not impressed by Chinese way of accounting and style of leadership in banking industry. So many big chinese financial institutions are relocating to a new found love in Luxembourg. Luxembourg would provide an ideal platform to execute Chinese presence and make China’s next financial hub globally. China will trade Gold, Oil, Silver, Copper, Agri –commodities and everything under the sun in the heart of Europe i.e. Luxembourg.
GOLD BULLION MARKET
And yet – according to some experts and reliable sources – gold bullion brokers have not seen any gold coming from China. In other words, China is producing more gold than any other country, but isn’t exporting any of it. In addition, china is huge quantity of Gold from Africa, Australia and Indonesia. As such, China is quietly becoming a gold superpower.
Disclaimer: This is just a research piece and not an investment advice. All financial transactions carry a RISK.