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How The Chinese Buy Gold?
880 grams at a time...
As China News reports, in a gold shop in Taiyuan, Shanxi Province, a "tyrant female" (Google Translate must have loved that one) bought more than 880 grams of gold jewelry. Lunch boxes were used to weigh the gold and it left other shoppers speechless with admiration.
Reporters on the scene saw the woman buy gold jewelry and diverse, there are a dozen light gold ring, the rest of the gold necklaces, gold pendants and other a lot. The staff at the time of weighing a total of more than 880 grams of gold jewelery boxes accounted for nearly one-third the size of the load box, stacked full of gold so that shoppers around again and again speechless.
Faced with the question, "why buy gold", Ms. "buy gold" did not want to say, but suggsted for her "own use."
Perhaps she read Grant Williams anti-"Anti-Gold-Idiots" discussion this week:
"So these anti-gold idiots are just that, idiots, or else they have the memory of a goldfish, because currencies come and currencies go, as sure as night follows day. It is the natural order of things. And as you can see, it's not about trading gold to get rich or getting long gold or buying one by two call spreads or getting fancy, it literally is about protecting yourself in the end. It's not like Williams got rich. He just stayed rich. Everyone else got poor."
When Western central bankers rubbish gold as a "barbarous relic" or, as in the case of Ben Bernanke shortly before he started his job at The Brookings Institution left office in January, admit to a complete lack of understanding of it, does it not strike you as strange that, having accumulated significant stockpiles of gold over the years, they aren't in a hurry to swap any of it for paper money (well, with the notable exception perhaps of the United Kingdom, thanks to the antics of Gordon Brown, King of the Idiot Chancellors)?
It shouldn't.
Gold is held by Western central banks for exactly the same reason individuals ought to hold it: protection.
Central banks are accumulating gold because it cannot go BANG! like fiat currencies do.
Individuals should be doing the same — not being sidetracked by the distractions.
It's not about price. The story Jared shared with us demonstrates that beyond any doubt.
If you own gold, it will do all the heavy lifting for you when the time comes
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Cash kept in the freezer? Any chance that was ex-congressman Bill Jefferson?
cash in the frezzer
is so 1980's
these days
it's bullion
in the boat...
The 'tyrant' (tuhao) is current slang for the nouveau riche-uncouth, bullying and into conspicuous consumption. The double eight (weight of the purchse) is considered 'lucky'.
Skating is the new gold <);o) #Netherlands
I have been buying gold since 08. Tempting as it is to go all in I would be frowning on this type of spike purchase. It's all relative of course if this individual owns billions of dollars then 880 grams of gold is a joke.
For the average person I would suggest buying a few ounces every year until you accumulate some capital in the form of gold. NEVER leave yourself short of cash, I saw blogs of people having to sell their silver to pay bills after it capitulated from highs of $50.00
People commenting on why jewelery? In Asia jewelery is often traded at bullion spot price. Thailand for example has beautiful 23 karat gold and is priced at the gold spot price. You get the benefit of bullion and ability to wear a nice piece of jewelery if thats your thing.
Above all use your heads folks the cards are stacked against joe six pack all around the world. If you really want to make bank you have to join the crony elite class and speak the double speak on compeition, freedom etc.. all the while you do the opposite and eliminate competition and reduce peoples freedom to compete against you.
THIS is how the Chinese buy gold. Get with it Tylers.
http://www.ingoldwetrust.ch/weekly-chinese-gold-demand-transcends-global...
Or "how the U.S. doesn't buy gold".
DUH.
I bought 880 kilowatts of buttcoin today.
How The Chinese Buy Gold?
one from column A
one from column B
with 2 you get free egg roll...
Ni Hao Gold farmers story
At least there's a sneezeguard.
When tough times come to Asia, the first thing Asians do is sell some of their gold stash to pay for things like rent, food, payments to loan sharks, and so on. Gas for their scooters. Asia ex-Japan is booming like hell right now so of course everyone is rich and buying jewellery and the latest Samsung phone. But all that phony wealth is predicated on a colossal $25 trillion credit bubble in China which gets closer to popping each day.
No boom has ever ended in anything except a bust. Asia is going down, and it will be a very very hard landing.
Sure, if you don't believe me, go and buy a 1420 square foot condo in Singapore for S$2.3 million. (US$1.7 mil).
My Western Central Bank sold my countries gold and then got out of the market once it was all gone.
I live int the United States of America that wonderful nation that was taken over and destroyed by globalist financial perverts.
How are your bitcoins doing?
Swiss gold refiners are still converting 400 ounce bars typically bought by ETFs, who over the past twelve months have liquidated many of their positions, into 1kg bars that are being shipped to HK and then taken across the border into China. The Chinese are busy hoarding Gold, waiting for the rainy day, that even they know is certain to come. Gold is accordingly, becoming correlated with conditions in China (and the great unwind), rather than the so called U.S. recovery, and those that are writing attention seeking articles, such as; "The Gold And Silver Smack-Down Cometh" (Avi Gilburt) will be proven to be as wide of the mark, as Russell Napier was when he called S&P 400. The S&P has the printing presses, Gold has China.
"SMH. You've got to be outside of China to think this sort of shit is amusing. The ostentatious display of raw naked cash is becoming increasingly vulgar, almost fucking pornographic. I'd say most Hongkies are in agreement with me on this one... but quite frankly... we've just about had enough of the goddamned mainlanders and their suitcases full of cash, most of it very likely illegal. So the fact that among other things, yeah, these criminal motherfuckers also buy gold... so fucking what. They also buy the most outrageously fucktarded shit making it plain to see the they're burning through ill-gotten gains as fast as they can."
Replace "China" with USA "HK" with Miami and the description fits perfectly! Big money ahs the same stench no matter where it lands.
I transmute gold in one more completely proven method that is indesputable.
I let idiot pro-gold muppets buy it for $1900 based on ZH and Williams pumper transmuting technology then buy it from said muppets 14 - 17 months later for $1180.....
Then of course I transmute it back to said muppets at $3900 in 14-17 months - as ZH and Williams transmuting pump and dump tech shows gold to $10,000 and only an iddiot would sell at this point.
Of course, we know from experiencce that said pumpers do in fact sell the pump.... Only to come back 14-17 months later claiming the bottom in the newest cycle.
There used to be honor amongst thieves....
Satoshi says Chinese Mommas going to sell at $2500/oz USD.
The Chinese are basically saying:
OK FED you want to print money? We'll show you how it's done and we'll print more by multiples. Then we'll fuel a building boom and buy up the world's resources including gold. Haha you stupid FED and all you did was bail out some corrupt banks. When this all collapses we'll own you. You forget we invented paper money.
Looks like a "slam dunk sell"
Confucius say, a man who put cream into a tart is not always a baker. And at nudist wedding is easy to identify the best man. Also man who look for latest Harry Potter in Wong Fook Hing Bookstore sometime no find. And often better to snatch a kiss than to kiss a snatch, except maybe when on date with Jessica Alba.
But number one thing Confucius always say is shiny piece of heavy yellow metal much better to have than piece of paper with picture of Chairman Mao on it. Him bandit. Bandit only know how to steal.
He who run in front of car get tired. He who run behind car get exhausted.
He who go through turnstyle sideway is going to Bangcock.
Crooks don't trust banks.
Hope she bought a boat after this
It doesn't matter how she buys it, it's all going to be lost. I can just hear her now, "My junk sunk!"
My personal favorite dates from a few years ago; a swiss banker was interviewed about customers buying gold and he said, "Well, we did have a customer drive into our underground garage and load a metric tonne in his Land Rover, and drive off with it". The reporter asked him, "where did he go with it?" , " I don't know".