Maria_Bartiromo
Nuovo forumer
I love gold!
as i'm a nice sexy woman...don't you think??
hehe
I wish to inform you that I bought right now KGC shares at 12,02$
this is my call for this stock!
Read the following article:
We expect 2007 to be the year of investment gold.
Chinese gold demand on the rise at last.
To date the massive expected Chinese demand has been nothing more than a dream. With only a select few of the richer Chinese individuals [still under the vice like grip of the Chinese authorities] have made the gold market in China. Prices in Shanghai are in line with international prices, but move beyond that and you find more middlemen and greater premiums on the price of gold. Despite much talk to the contrary the Chinese gold market simply does not have an effective distribution system nor is gold within the reach of the poorer classes of China.
Now at last this is beginning to change, as smaller Chinese investors will soon be able to individually invest in gold bullion. This is because the previous qualifying level of gold investment was set at a minimum of Yuan 160,000 [U.S.$20,447.28], a level that virtually barred most potential Investors. Now this is to change with a new threshold being set at Yuan 16,000. Gold investors can buy gold contracts, gold bullion and gold jewelry.
Whilst this may have opened the door to smaller Investors its benefits are still limited geographically as so far, only the Shanghai branch of the Industrial and Commercial Bank of China can offer such investment programs in gold bullion.
Once such banks extend these services countrywide, we can then expect gold demand from China to increase substantially. As the government moves slowly so as to monitor the evolution of capitalism in China we would not expect to see countrywide distribution at international prices in the near future.
China will consume a record 350 tonnes of gold this year, up 17% from 2005, against 240 tonnes of local production. China is the world's third-largest gold consumer, 80% of which is used for jewelry.
Kisses to all my close italian fans!!
I will send you a picture of my breast....
ciao
ciao
as i'm a nice sexy woman...don't you think??
hehe
I wish to inform you that I bought right now KGC shares at 12,02$
this is my call for this stock!
Read the following article:
We expect 2007 to be the year of investment gold.
Chinese gold demand on the rise at last.
To date the massive expected Chinese demand has been nothing more than a dream. With only a select few of the richer Chinese individuals [still under the vice like grip of the Chinese authorities] have made the gold market in China. Prices in Shanghai are in line with international prices, but move beyond that and you find more middlemen and greater premiums on the price of gold. Despite much talk to the contrary the Chinese gold market simply does not have an effective distribution system nor is gold within the reach of the poorer classes of China.
Now at last this is beginning to change, as smaller Chinese investors will soon be able to individually invest in gold bullion. This is because the previous qualifying level of gold investment was set at a minimum of Yuan 160,000 [U.S.$20,447.28], a level that virtually barred most potential Investors. Now this is to change with a new threshold being set at Yuan 16,000. Gold investors can buy gold contracts, gold bullion and gold jewelry.
Whilst this may have opened the door to smaller Investors its benefits are still limited geographically as so far, only the Shanghai branch of the Industrial and Commercial Bank of China can offer such investment programs in gold bullion.
Once such banks extend these services countrywide, we can then expect gold demand from China to increase substantially. As the government moves slowly so as to monitor the evolution of capitalism in China we would not expect to see countrywide distribution at international prices in the near future.
China will consume a record 350 tonnes of gold this year, up 17% from 2005, against 240 tonnes of local production. China is the world's third-largest gold consumer, 80% of which is used for jewelry.
Kisses to all my close italian fans!!
I will send you a picture of my breast....
ciao
ciao
