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Long a buy and hold investor, I now believe that buy and hold has to be re-evaluated in a world of ever increasing, instant information and huge gyrations in markets all over the world. A value investor at heart, I anchor my portfolio with conservative funds and blue chip dividend stocks, but... More
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  • Chinese Demand For Physical Gold Delivery Now Equals Total World Production! 0 comments
    Aug 28, 2013 1:17 PM | about stocks: GLD, GLDX, ABX, GOLD, GG, PPP, SGRCF

    The following is an excerpt from a recent article at Money Morning!

    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.

    china gold
    Courtesy U.S. Global Advisors - click to enlarge

    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.....More

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