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Chinese Gold & Silver                                                         Exchange Society Runs Out of Gold

5/19/2013

7 Comments

 
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COMMODITIES CORNER


Hong Kong’s Chinese Gold & Silver Exchange Society has been in operations for over a century, and it’s President Haywood Cheung was interviewed by Bloomberg news earlier today. 

Whoever orchestrated the attack on gold and silver in the last week or so has gravely miscalculated, since the response to the drop has been surging demand for physical gold and silver.  While I tend to be skeptical when I hear about silver shortages since these reports have been so exaggerated in the past, the lack of silver coin availability and premiums are the most extreme I have seen since the financial and economic meltdown of 2008. 

Now we discover that the Chinese Gold & Silver Exchange Society has essentially sold out of gold bullion, and must wait until Wednesday for shipments to arrive from Switzerland and London.


Click link below for Bloomberg News Video:
http://libertyblitzkrieg.com/2013/04/19/chinese-gold-silver-exchange-society-runs-out-of-gold-importing-from-switzerland-and-london/
7 Comments
Zoe link
10/3/2013 02:24:19 pm

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http://vivitranslation.com/interpreting/shenzhen-interpreting.html link
6/21/2014 05:08:30 pm

You can sometimes find a mud figure where the hole has been sealed but, who would want to destroy a great vintage piece only to find that this is a legend.

Reply
Don
6/21/2014 09:25:50 pm

I agree.

Reply
Shenzhen Interpreter link
7/16/2014 05:46:45 pm

Now we discover that the Chinese Gold & Silver Exchange Society has essentially sold out of gold bullion, and must wait until Wednesday for shipments to arrive from Switzerland and London.

Reply
Don
7/17/2014 10:34:43 am

Unbelievable!

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7/6/2017 07:23:30 pm

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