Friday, July 30, 2010

The Physical Buying In Asia Is Going To Destroy The Paper Shorts On Wall Street

From today's JB report found in the Midas' commentary at http://www.lemetropolecafe.com/:

Reuters has a colorful story datelined Singapore today:

"The market is very hot. There's plenty of physical demand and I can't meet the orders. It's from India, Indonesia and Thailand," said a physical dealer in Singapore. "Basically we are seeing buying from jewellers and investors from the Far East."
 

11 comments:

  1. OMG, Dave, did you see that the gold used in the BIS swap came from commercial bank customers unallocated accounts?!

    http://jessescrossroadscafe.blogspot.com/2010/07/european-banks-lent-their-customers.html

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  2. I did. I'm going to do a blog on that to expand on it a bit.

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  3. Dunno where yu get this info. I am in Asia and as I have known that People down here got no huge money to buy gold bullions but stock and bonds due to the best brainwashing machines, newspapers and TV news. Or yu might argue that those BIG shot down here??? well, they nearly all have been bought by China and put all their money into building factories, are they rich? I am seriously doubt about that coz, where did their money come from? of course, Banks. Have they repaid their debt? Certainly, NO. Wut have happened in the U.S, U.K and E.U, will surely happen in Asia. We are under the One World Order instead of regional economy. Lots of Sheeple think that China is rich...well...China is in the most seriously debt situation you can't even imagine.....if China is really Rich then...OPEN YOUR EYES and look around the world....how come Chinese are around the WROLD!!!! wut sorta job they do everywhere??? CEO of each major company??? coz, China is freakly POOR that's why it's People have to escape outta that shit hole and seek of new future. Come to Asia and learn Chinese and get to know the REAL TRUE of China.

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  4. Dave, this is getting a bit scary... I keep reading how people are buying up guns and ammo by the boatloads and how many are preparing for an all out war against the establishment... All that is needed is a spark and this country is going to go up in fireworks!!!

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  5. Asia or not you definitely need to invest in Rosetta stone. With all due respect your post lacks conviction. Besides that I have a friend who just got back from Vietnam, according to him the property boom out there right now is sky rocketing. Surely someone is blowing smoke up someones *** here. Besides that China and Asia have been buying bullion for years now, this is no secret.

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  6. Something doesn't smell right about anonymous from China.

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  7. Ain't it a wonderful place, not. A government ministry of truth: what a joke that is. How about lawyers who must be licensed and if they don't sign contracts stating they won't defend or take cases of certain crimes or suits, renewal denied. Or how about a guy who runs a web site who was so careful he deleted any anti state posts and reported questionable posts to police so to not offend the state and cooperate. He ended up in jail for five years.
    This is a nation with a very bloody history; constant big brother supervision and census. They treat people like machines and this is were we buy all our goods from???????

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  8. Thailand, Singapore, Indonesia, India, Veitnam, Malaysia are gold buyers and US$ sellers, no mention of China, China is a Communist FED/IMF asset, US$ buyers. Its only China keeping the US Debt going and Japan to a lessor extent, but the rest of Asia are interested in gold as a way to throw off the US$/IMF yoke of oppression.

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  9. Jesse has a cool silver releated item up today. I want to add at $17 for sure.

    St. Louis ribs up at the blog.

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  10. http://www.youtube.com/watch?v=nNtIsSWVJBI

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  11. The hidden value is in Molybdenum, used to strengthen steel. China is literally running out of moly. They just invested in a company in Idaho sitting on $20 Billion worth. Moly is only $13.00 a lb now. Where was the US when Gates and Buffett were buying Gold and silver in 1995? It may go higher but there are other metals that haven't moved yet.

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