Re: OT: Eric Sprott's Letter to the WGC A-1
in response to
by
posted on
Oct 23, 2013 08:50PM
Yes ofcourse they have to be counting wrong(double).
As Iam tour South East Asia and will fly back to Canada in January through Hong Kong.
I visit many Gold shops; they sparkle so brightly, there is no Gold Jewellery in the world like Asian as it is 97.5% pure!
The people here flock to the stores to buy, trade and check the daily price!
Hong Kong and China population live by gold more so then money....that goes for SouthEast Asia and India too.
Rice season is nearly finished now as the rain has stopped for the next 5-6 months and they will start harvesting in about 3 weeks. The fields are slowly turning a GOLDEN yellow.
The harvesting will start a new buying spree here as the farmers keep what they need to eat and then sell the rest and BUY GOLD bars or jewellry for investment. They still believe that there is more value in Gold hoarding then banking their money!
Everyone should hold physical and stocks.
Cheers
W. C. Guy