Monday, March 28, 2011

China Gold Shortage


China will be out buying gold in full force now.  I remember news about China loading up on silver back in January when we had the silver price pullback.  Get ready to buy the dip here because it will be short lived.  You watch the massive shortages now of both gold and silver bullion at the dealers.

There's obviously much going on behind the scenes with silver and gold as the COMEX, CFTC, JPM, GS, and "others" regulate the Wall Street Casino.  But notice in China the demand for gold at the Shanghai Gold Trade Platform in this report is 50,000 tons while only 27,000 tons can be delivered:

http://english.cntv.cn/program/bizasia/20110324/105693.shtml 
 
...developing...