GOLD and Silver
November 17, 2011
World Gold (1741.20,-33.10,-1.87%) Association on November 17, according to the report 2011 gold demand in the third quarter reached 1053.9 tons, 6% than the same period last year, total value of US $ 57.7 billion, its highest ever.
The World Gold Council investment Managing Director Guo Bosi believes that gold investment demand for the first quarter of the main factors driving gold demand, "inflation and the United States credit rating downgrade, Eurozone sovereign debt crisis has worsened, coupled with the many mediocre investment assets, these four factors prompted investors increase holdings of gold to protect their wealth".
According to the World Gold Council reported third-quarter gold demand trends report shows that gold investment demand and increase of 33% compared to the same period last year, 468.1 metric tons, the total value to $ 25.6 billion, an all-time high, compared with $ 13.9 billion in third quarter of 2010 has almost 1 time. Gold supply of the third quarter of 2011 to 1034.4 tons, 1013 tons compared to increase early and 2%.
Gold demand in the third quarter statistics show that by the end of September, gold earnings this quarter 8%, year to date revenues of 15%. Gold quarterly average rising earlier than 39%, to $ 1702.12. Gold price on September 5 and 6th hit an $ 1895 (midday in London), a new record.
Guo Bosi explained that the price is subject to high global demand for investment promotion on the one hand, on the other hand, European crisis continues to deteriorate, United States debt rating serious blow, falling consumer and business confidence in markets. In the case of bad stock and credit markets, increasingly favored for gold. In the Middle East and Asia, rising prices reinforce the bullish expectations, raised the target price for the investment community.
World Gold Council Director of far East Zheng Lianghao said the third quarter, the central banks to buy gold. "As the Central Bank continues to increase the proportion of total reserve asset gold configuration, net purchases totaled 148.4 metric tons. Central banks have continued to implement its programme of high profile publicity to buy, and in order to increase holdings of gold, to diversify their reserves, there are a large number of new gold buying by the Central Bank. We believe that this trend will continue until 2012. "He said.
Statistical data showed that demand for gold bars and coins of 390.5 tons in the third quarter, an increase of 29%. By value, value of the quarter, demand for gold bars and coins from the 2010 us $ 12 billion in the same period rose to us $ 21.4 billion and inflow of gold ETF and similar products to 77.6 tons, an increase of 58%.
"Economic turmoil had no signs of easing. Given the effective risk mitigation properties of gold, investors are likely to continue to invest in gold to seek protection. Due to diversification and growing demand trends, combined with supply-side activities are limited, long-term fundamentals for gold remains robust. "Zheng Lianghao says.
http://finance.sina.com.cn/roll/20111117/193310837122.shtml
Gold and silver trading
October 17, 2011 Gold and silver trading today launches world's first offshore renminbi-denominated
Gold spot trading products--Yuan kilograms of gold bars, our offshore Yuan market investment products become more diverse, and may help
Push the internationalization and the development of offshore Yuan Centre in Hong Kong. Center line, gold and silver trading scheme listed, to allow to look for
More international partners.
* RMB gold helped promote the development of offshore Yuan Centre in Hong Kong *
RMB kg Gold Bar specifications and Shanghai gold exchange standard, is producing the trade authorized refining and casting of 9,999 kg,
Electronic trading system through trade deals.
Investors can trade 25 members to trade positions each kg of deposit is tentatively scheduled for 16,000 yuan
, Will be adjusted for market conditions. Trading hours are from 8 o'clock in the morning 3:30 A.M., and may carry out physical settlement. In addition, in order to maintain
Basic circulation, as well as market-making system. Wing hang (00302) and BOC Hong Kong (02388) for this product
Clearing bank.
Gold and silver trading Director Feng Lian on the Fortis funds, central channel that, trade for some members to provide customers with the Shanghai people
Coin Gold sale service, but Shanghai markets with local market prices some differences. Today in the field of trade launch of renminbi kg
Current price is RMB 346.81 per gram of gold, gold price per gram of RMB 347.34 Yuan of Shanghai people
People coin. In fact, Hong Kong's gold trading there are several quotes, priced in each Liang is HK $ 15,580. As people gradually will be converted
Circulation in Hong Kong, the Hong Kong currency gold products will continue to develop, Exchange to be launched by the end of $ in RMB clearing gold contracts.
* RMB gold into gold companies hedging tools *
Feng Lian said that gold has now tired rose to a very high level, the sale of gold there is a risk of considerable, and so investors can
Sell Yuan kg Gold contract, this is equivalent with is buying the Yuan, to enjoy the long-term appreciation of the Renminbi. If, however, worried about market wave
, You can buy gold futures sold dollars, to the arbitrage market rising risks. He said such arbitrage involves the cost of very expensive
Sold a piece of United States commodity futures exchanges amounted to HK $ 70,000 cost of gold futures, suitable for gold business or professional investors only.
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