Wraz z szałem zakupów Chińczyków na zakup złota z powodów:
Many Chinese investors and consumers see price corrections as buying opportunities. The view that gold is an enduring store of value is firmly rooted in Chinese cultural traditions," said Hou Xingqiang, a gold analyst at Jinrui Futures. "Gold's rally over the past two years and the debt worries in the West have only strengthened Chinese investors' belief that they need to own the metal as an investment asset."Dodatkowo umotywowanych:
There is no shortage of bulls on Wall Street forecasting even higher gold prices, with J.P Morgan predicting at least $2,500 an ounce by the end of the year.Banki i brokerzy oczywiście chcieli "skanalizować" popyt. Chińczycy pokochali papierowe złoto:
Amid the gold frenzy, China's banks and brokerages have been quick to offer paper gold investments to cash in on the trend. Trade sources at the Bank of China and Industrial and Commercial Bank of China say demand for their gold-linked savings products has soared, while a growing army of retail investors are also eager to dive into the paper gold market. Expectations that gold will extend its bull run have also encouraged investors into the country's nascent gold derivatives markets, such as the forward and futures contracts on the Shanghai Gold Exchange (SGE) and Shanghai Futures Exchange. Volumes for SGE's most popular gold forward contract hit a record high of 350,670 grams in August -- double the volume in July.A dlaczego? DŹWIGNIA! Tak, ta sama dźwignia która jest znienawidzona przez goldbugów. Skąd ja to znam, szybki zarobek....
"More investors are moving into paper gold because of the lower capital costs. The prospect of making big and quick bucks by betting on gold's ascent is beginning to look like a fairly easy way to make money," said He Wei, a gold analyst at Nanhua Futures.więcej o szale zakupów w Chinach - Reuters - click. Przy okazji polecam: GLD Passes SPY as Largest ETF (Assets) oraz z kategorii mythbusters czyli czego nie powiedzą Ci, bądź wprowadzą w błąd na ZeroHedge: Price “Smackdowns” Do Not Deter Futures Longs From Standing For Physical Delivery Margin Hikes Do Not Deter Longs From Standing For Physical Delivery