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A Gold Chart that tells an important story!
Found a very interesting article via one of our Partner websites;
www.kitco.com, that appeared over the weekend that I thought you might find
useful.
Of recent months we have seen considerable volatility around
the Gold & Silver prices but most of the talk has been about the
'Non-Physical' markets or Paper tradeable markets. But remember at the end of
the day the longer term perspective and prices will be all determined by
physical demand and supply........ an interesting read!
Shocking New Gold Chart:
Look at it now, before everyone else
gets ahold of it.
By Keith Fitz-Gerald, Chief Investment Strategist, Money Morning
What I'm about to say will challenge even the most steadfast gold bears
- or anyone for that matter right now who thinks that gold has seen its better
days.
The chart below tells a story - a big story. In fact, I encourage you to
forward this to anyone you know who is serious about their money.
What I found here, with the help of Frank Holmes from U.S. Global and one of
the smartest people on earth on the potent combination of Asian markets and
commodities, is a chart that shows a truly astounding fact about gold.
Let me walk you through it, and what it could mean to your money, your gold,
and your financial future.
The grey backdrop is total world mining production. The blue vertical lines
represent COMEX gold deliveries. And the big long vertical red lines? That's
physical gold delivery on the Shanghai gold exchange.
The takeaway? - Chinese demand for physical delivery
all by itself is nearly equal to total worldwide gold production.
That's not a misprint.
In fact, so far this year Chinese deliveries through the Shanghai exchange
account for nearly 50% of total global production all by themselves. The COMEX
that's part of the New York Mercantile Exchange is almost an afterthought.
This is about as bullish as it gets because the basic laws of supply and demand
stipulate that whenever supply is reduced but demand remains constant or
accelerates, higher prices result.
No Stopping It
This is as immutable as the sun coming up tomorrow or the grass turning
green in the spring.
This is good for the markets in general, especially with Bernanke hell bent on
keeping the "bad is good theme alive" when it comes to further stimulus.
And this is positively great for gutsy gold investors at a time when others
want to relegate it to the scrap pile.
Imagine what happens when people actually figure out that China is buying so
much gold that physical deliveries there could account for 100% of worldwide
production by year's end?
For investors wanting to play gold, there are quite a few options.
But one's the best...
Get Ready For a 21st Century Gold Rush
Purists feel owning physical gold is the only true hedge against global
turmoil and declining values in the dollar and other fiat currencies.
For smaller investors, this typically means buying gold bullion bars, rounds
(unadorned coin-shaped pieces) or minted gold bullion coins.
Bullion bars - produced primarily by private mints like PAMP, Engelhard,
Johnson Matthey PLC (LON: JMAT) and Credit Suisse Group AC (NYSE ADR: CS) -
come in an assortment of sizes to suit the needs and means of every investor.
..............................................................
AusMint
supplies only the finest quality PHYSICAL Gold & Silver
AusMint's recommended product range of Gold & Silver
Bars and Coins come from PAMP.
Why AusMint?
Please call us at anytime if you wish to discuss any topic or questions you may have.
Check out our Charts at www.ausmint.com
DISCLAIMER: Australia Mint Bullion & Coin does not provide financial advice and does not employ financial advisors. Any opinions expressed within news articles or market updates are not intended as recommendations. If you are looking for investment advice, please seek independent, specific advice regarding your personal financial situation from a qualified professional.
