Slowing gold demand may be about to get a catalyst to reignite, with the World Gold Council...


Slowing gold demand may be about to get a catalyst to reignite, with the World Gold Council predicting China will launch a physically-backed gold ETF this year. A dream of goldbugs for years, the new product's launch has been paved by recent regulatory changes in the country, says the WGC.

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Comments (4)
  • sikkabooyah
    , contributor
    Comments (457) | Send Message
     
    And, this revelation impacts American investors how?

     

    At present, Chinese investors can't trade GLD, IAU or any of a dozen other gold EFTs??

     

    Clearly, I must be missing something here. "Lucy, you gotta lotta 'splainin' to do."
    14 Feb 2013, 11:30 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2083) | Send Message
     
    Gold ETF will get same attention as others. If they price it out of sight for the usual investor, they will not buy it. I feel an ETF should be forced by international law, to reflect the real price of the commodity or stock underlying it. For instance, one share of the ETF should reflect the actual price of gold in the biggest open market of the day. One share, one ounce of gold. If an ETF reflects a sector, then ALL stocks in that sector should be averaged and that is the price of the ETF.
    For smaller investors, there could be an ETF with smaller gold coins, like $5, $10, or $25 AGE's. (AGE = American Gold Eagle.) If the brokers and governments and banks of the world wanted to be fair, they would make trading available to all, not just the financially able. Even the lowest citizens of some countries are able to purchase precious metals for their peace of mind and future.
    I have watched ETF's in both commodities and stocks, and they do NOT reflect the actual goings on underlying the item. In fact, some lag greatly allowing room for shenanigans. And let me tell you, where money or sex is involved, ("All's fair in love and war"), if there is room to cheat, it will happen.
    I am very wary of ETF's save for those who reflect closely the underlying commodity like SLV and SIVR. I am sure there are others that run properly. Few I would venture to guess.

     

    Be careful, be brave, short the Euro$ with EUO, (I would not use DRR as it seems to have a mind of its own) and as the E$ drops and EUO rises watch out for a short term drop in PM's while the dollar basks in the glow of a burning out EURO. But don't get enamored by the dollar or put off because PM's are dropping. The Dollar must suffer the same fate as the E$. (Eventually the US$ will also drop in value, then gold will have its day)

     

    Inflation is coming. I am buying 10 more Krugs today, and bought 12 more gold coins (Numismatics) yesterday.

     

    Capt. Brian
    The Lost Navigator

     

    P.S. Watch my stock talks. I had a funeral and a trip to Chicago, now back in the swing.
    14 Feb 2013, 11:31 AM Reply Like
  • User 509088
    , contributor
    Comments (1704) | Send Message
     
    heard on bnn commodities today- 400 tons of gold produced last year, 500 tons purchased by central banks
    14 Feb 2013, 11:34 AM Reply Like
  • mojjo25
    , contributor
    Comments (21) | Send Message
     
    hard to bank on chinese market for anything, includes ETF. Not being racists, but the govt will use anything as a tool to use things at their advantage versus individual or foreign investors. There is no way any sane person will trust any dealing with Chinese govt or private instituations be it certs, stocks or physical...
    I am out even if China grows to be the 3 times bigger than the US.. esp. there is no guarantee of legal system let alone the common Chinese citizen they too are scared with anything govt has hand on...
    14 Feb 2013, 09:37 PM Reply Like
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