Gold & Silver Rush - Numis Network - Fern Poyser » Worldwide Gold Rush

What Happens When China Buys All The Silver?

Collector — Thu, 04 Mar 2010 16:43:54 +0000

It’s not hard to see that China is going to be a true superpower in the next few years. As we in the U.S. constantly print money and produce very little, China is producing and importing their products to us. Well, if you have been paying any attention you are aware that gold and silver are steadily climbing in price. As I write this post, gold is at $1,1128.00 per ounce and silver is at $17.13 per ounce.

It seems that China is truly getting tired of buying our worthless bonds and notes and they have been cutting back dramatically on buying the problems in the U.S. So, what does that mean to you?? China right now is urging their 1.5 plus billion citizens to buy silver and to buy it now. Why do you think they are telling their citizens to buy silver?? Obviously, they realize that silver is underpriced and it is a widely consumed commodity that has less than a 10 year supply left of it on planet earth!! So, if you have been under a rock not paying attention, I SUGGEST YOU WAKE UP, AND WAKE UP FAST!!!!!! Check this video out, maybe it will open your eyes a little bit… After watching it, find out how to start collecting your own supply of pure silver ….

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Northwestern Mutual Makes First Gold Buy in 152 Years

Collector — Fri, 26 Feb 2010 01:07:49 +0000

Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time in the company’s 152-year history to hedge against further asset declines.

“Gold just seems to make sense; it’s a store of value,” Chief Executive Officer Edward Zore said in an interview following his comments at a conference hosted by Standard & Poor’s in Brooklyn. “In the Depression, gold did very, very well.”

Northwestern Mutual has accumulated about $400 million in gold, and Zore said the price could double or even rise fivefold if the economy continues to weaken. Gold gained 10 percent last month, the most since November. The commodity has more than tripled since 2000, rising for eight straight years.

“The downside risk is limited, but the upside is large,” Zore said. “We have stocks in our portfolio that lost 95 percent.” Gold “is not going down to $90.”

Policyholder-owned Northwestern Mutual, based in Milwaukee, ranks third by 2008 life insurance premiums according to data from the National Association of Insurance Commissioners. The data excludes annuities.

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Denominating Your Wealth in U.S. Coins

Collector — Sun, 21 Feb 2010 23:11:20 +0000

Gold coins provide an excellent wealth building tool. One that will continue over the long term and withstand the test of time. If you have the means and the vision to see the inherent value in a U.S. gold coin collection, now is a great time to start acquiring.

The reason for buying coins are clear: inflation, compounded returns, and privacy. It is in your best interests, however, to engage in some research so that you can make intelligent purchase decisions and enjoy the thrill of having valuable assets which increase in value over time.

Throughout history, man has always been intrigued with the notion of possessing that which renders value – either initially, or at some later point in time. That philosophy of inherent value applies to that which is also pleasing to the eye. Coins, due to the laws of supply and demand, have always served as an object of value for many. The supply is fixed and the demand is growing.

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Have you been thinking about buying silver and gold?

Collector — Sun, 21 Feb 2010 20:24:25 +0000

If not, listen up …

Within the last five years, gold has gone from just over $420 to over $1,100 an ounce. That is a huge increase in just 5 years. That means there is trouble brewing. Investors have be silently moving money into gold, silver and other precious metals. At this point I recommend everyone buy both gold or silver.

I’m not a financial planner, just cautions when it comes to the US stock market and the fiat money system it is based on. Silver and Gold are real monies … you should start collecting a garage full of them.

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2009 Gold Demand Surpasses U.S. $110 Billion

Collector — Sat, 06 Feb 2010 19:00:17 +0000

The demand for gold reached US $110 billion in 2009, up 40% from the previous year, supported by increasing investor demand in light of the current economic climate. Increasing investor demand resulted in the demand for gold bullion bars and coins rising by 87%. This huge increase was partially offset by a drop in demand for gold jewelry as gold prices increased. Jewelry purchases remained low in Western countries where jewerly has a high design markup and low caratage. But in countries where investment-grade jewelry with high caratage and low design markup is the norm, large buying increases occurred during dips in the gold price.

The supply of gold continued its decreasing trend in 2008, due to mine closures and lack of exploration in previous years when the gold price was lower. This is a cyclical process, with exploration and new mines being developed when the gold price is high enough to fund these activities. But the results of these activities are delayed by a few years, as it takes time to progress such projects. In addition to that cyclical decline, credit problems may lead to troubles for mining and exploration companies, resulting in a slowing of operations.

Central banks are also holding onto their gold reserves and not selling at high levels.

The results of this continued limited supply coupled with increasing investor demand means that the price of gold is likely to remain high as long as the current economic conditions prevail.

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Declining Gold Production in China

Collector — Sat, 06 Feb 2010 18:56:55 +0000

In 2007, South Africa fell from its longheld position as top gold producing country in the world, being replaced by China. This may lead some to believe that gold mining output in China is increasing, but this is not the case. China’s output actually peaked in 2005 and has been falling since then. The reason that China overtook South Africa’s number one position is that South Africa’s output is declining faster than China’s.

China’s decline in mining output follows a worldwide trend of declining production. The global decline is a delayed result of the extremely low price of gold in the late 1990s and early 2000s. This low price of gold meant that gold exploration and development of new mines was no longer affordable and operations were scaled back to only managing current mines. But because it takes more than 10 years to locate, extract, and put gold onto the market, we are now in the middle of a production decline resulting from the gold price of that period.

If the gold price remains high, there will likely be new exploration and gold discovery in China, but this is not yet in progress, and whenever the process begins, there will be a 10+ year delay in increased output. And according to mining industry reports, China’s current gold deposits will be depleted within the next 6-14 years.

With the world’s top gold producer’s output in decline, the gold supply will likely become even tighter in the coming years. The current global economic recession and subsequent investor demand for gold as a safe-haven has hit just as gold mines have gone into their cyclical decline. The combination of these two factors will likely drive the gold price much higher than it already is.

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India’s Gold Imports

Collector — Sat, 06 Feb 2010 18:51:46 +0000

India is known as the biggest consumer of gold in the world, much of it sold in the form of investment-grade jewelry (with high caratage and low design premiums). Privately possessed gold in Indian is estimated at 15,000,000 kilograms. But with gold prices high many Indians are rushing to sell their gold, seeing this as an opportunity to profit.

India normally imports 90% of the gold supply needed to meet demand. But now as Indians become net-sellers of gold, imports have fallen off.

The beginning of the year is wedding season in India, a time of giving gifts of gold. People are still buying, but are not increasing their budgets. They are simply settling for less gold within their budget. And with all the selling going on, local supply can meet all of the demand for wedding gold without any imports.

But even then Indians have become net-sellers, the rest of the world are now becoming buyers of gold, a trend which will probably continue for quite a long time throughout this current financial storm.

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