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Thread: Who buys gold ?

  1. #51
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    Quote Originally Posted by golditiki2 View Post
    they wll leverage until they get it to the moon by sheer overlevitation. One day a bigger paperbuyer will call for delivery,,,
    Good luck to all paperlovers when they will warm their hands when burning the paper because the payer will be insolvent,

    D+
    I cannot agree more. The trick though is that foreign buyers, mainly China,
    buy on dips. There is a massive gold transfer from West to East.

    If memory serves, last year the leverage was around 250. Now it is more than 500.
    Quo vadis ?

  2. #52

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    Quote Originally Posted by oak333 View Post
    I cannot agree more. The trick though is that foreign buyers, mainly China,
    buy on dips. There is a massive gold transfer from West to East.

    If memory serves, last year the leverage was around 250. Now it is more than 500.
    Quo vadis ?

    you just look about what is happening, the Goldbonker tried to get it down and got the warning shot before their bow. The shorts are warned ...don4t try too hard or you will burn your fingers.


    golditik2+++

  3. #53
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    Chinese gold imports through Hong Kong:

    -----March 2017 111.6 metric tons
    -----March 2016 47.9 metric tons

    Hong Kong is the main Chines port through which gold is imported.
    However, China has other ports as well.

    My note: gold was taken down more than 20 US $ in the last few days.
    Probably the Chinese did not miss the opportunity to buy it on the cheap,
    given their voracious appetite for gold.

    http://www.gold-eagle.com/article/go...-doubles-march

  4. #54

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    i just got 2 "Indian Half Eagles" at about a 18% premium. Best I could find. Better than on ebay and was local.

  5. #55
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    Quote Originally Posted by oak333 View Post
    Chinese gold imports through Hong Kong:

    -----March 2017 111.6 metric tons
    -----March 2016 47.9 metric tons

    Hong Kong is the main Chines port through which gold is imported.
    However, China has other ports as well.

    My note: gold was taken down more than 20 US $ in the last few days.
    Probably the Chinese did not miss the opportunity to buy it on the cheap,
    given their voracious appetite for gold.

    http://www.gold-eagle.com/article/go...-doubles-march
    March 2016.....47.9 metric tons
    should read
    February 2017...47.9 metric tons.

    Apologies for the mistake.

  6. #56
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    There are many factors influencing the price of gold.
    The law of demand and supply tells us something:
    main gold producer is China, main gold buyer is China.

    In my opinion though, the decisive factor is Chindia (China + India)
    buying of gold. They can absorb the whole world production.

    https://www.bullionstar.com/blogs/go...february-2017/

  7. #57
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    The demand for gold I actually so big that the official suppliers cannot
    cope with it. Here come the gold smugglers, to bridge the gap:

    https://www.bloomberg.com/news/featu...-gold-smuggler

    Eg the illegal suppliers from Latin America exported almost twice as much gold
    than the legal suppliers.

  8. #58
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    Stanley Druckenmiller: bearish on stocks, bullish on gold:

    http://www.theglobeandmail.com/globe...ticle34918491/

    It is from the Sohn conference: how the titans did in 2016.

  9. #59
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    What happens in the gold market ? USA gold exports have increased,
    Chindia gold imports have increased. Principle is the same, amounts
    not.

    https://www.moneymetals.com/news/201...-market-001069

  10. #60
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    I bought my first gold coin as my Christmas Treat to myself. Something I wanted to do for a while. I have no investments and knowledge of the markets. I was raised to not gamble with money. Work hard and put it in the bank where it belongs.

    Put me in the column with the buyers...For now.

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