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VBgood

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VBgood

Re: joverke post# 21027

Friday, 07/19/2013 10:40:03 AM

Friday, July 19, 2013 10:40:03 AM

Post# of 26631
Yes, paper gold crash as a paper tiger.
We can hear ” a sucking sound” of physical gold moving from West to East.
Latest numbers coming from China showing that Chinese most likely will buy record amount , approx.. 1000 ton by end of the year.
Last year record was at 776 ton. So even if future Bernanke speech will somehow effect price of gold plus ETF sales – it will be countered by increased demand of physical gold.
Never mind that we can not trust official numbers from India , as action of their government created huge black market for gold buyers/sellers. But that is another story.
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