Showing posts with label Asia. Show all posts
Showing posts with label Asia. Show all posts

Thursday, March 19, 2015

Gold Demand in Asia Seen Doubling as ANZ Sees Record Prices

My personal opinion is that the price of gold will more than double when the USDollar loses its reserve currency status.  And that it will happen before 2025.

http://www.bloomberg.com/news/articles/2015-03-18/gold-demand-in-asia-seen-doubling-as-anz-predicts-record-prices

Wednesday, May 29, 2013

Asia gold demand to hit quarterly record, absorb ETF outflow-WGC

More evidence of the transfer of wealth from the West to the East.  Citizens of England well understand "Brown's Bottom" when the former Prime Minister sold off the country's gold reserves at rock-bottom prices.  The Fed and paper gold holders are doing the same.

http://www.reuters.com/article/2013/05/29/gold-demand-wgc-idUSL5N0E93U920130529?source=email_rt_mc_body

Wednesday, September 28, 2011

Tuesday, November 3, 2009

Gold surges on big purchase from India

Gold surged over $30 an ounce on news that India purchased gold bullion from the International Monetary Fund.

http://www.google.com/hostednews/afp/article/ALeqM5gpy6qZffFaeQTCC8teVyT9Nka0JQ


The next relevant question is: who is next? Central bankers from China? Russia? India, again? Japan? Other Asian countries? The Middle East? Brazil?

Probable answer: all of the above.