Tnks for your very informative remarks!

No doubt there are similar “waves” that are now prevalent in the Euro zone and in the US as well, as the physical stuff is slowly moving to “strong hands” that will not sell at anywhere near current prices that are “arranged” by the COMEX & the LME.

While there is no factual data regarding the extent of PM purchasing in China, here’s a few facts, regarding Chinese ownership of precious metals:

1. The Chinese government, unlike western governments, has been openly recommending to its citizens to buy gold and silver for their retirement.

2. Traditionally, the Chinese people, like the Indians, are more “educated” regarding the benefits of owning the physical stuff; they revere gold to a far greater extent than westerners.

3. China is the largest gold producer in the world, yet they do not export any gold. Additionally, they have been big buyers of gold on the open markets.

We have have had increasing numbers of clients in the last few months setting up retirement accounts with us, overwhelmingly they purchase move silver than gold, many silver only. Such accounts typically have more than $100,000 in investment funds and the age group of these clients on average is 40-50, ie they can’t access these retirement funds for up to 25 years, so yearly blips in the silver price worry them little. They are becoming the new definition of strong hands in the precious metal market.

Background: All Australian workers are required to have a retirement account, called a Superannuation account. Their employer is required to pay 9% of their gross pay into this account, employees can top up this account at a tax rate of only 15% (up to $25k/year) vs. tax rates of 30 – 50% for taking this money via their paycheck. Most of these accounts are manged by industry based or commercial (banks) providers. Although you can mange your own via a trust, these accounts are call Self Manged Super Funds (SMSF). A SMSF allows the trustee of the fund to invest in any asset, and increasingly the asset of choice is precious metals. The Australian super industry has over $1 Trillion under management and is expected to triple by 2035, and the SMSF sector is the largest growing. We could reach the point that Australian SMSF funds would have more funds available to invest in silver than silver available world wide at sub $50/oz. And this is just Australia, with a pop of only 22 million.

http://ausbullion.blogspot.com.au/2012/02/historical-case-for-960-silver.html

No matter what anyone says or believes, silver is moving from weak hands to increasingly stronger hands. Most of my customers would not think of parting with their physical silver at prices less than $100/oz.

Bottom Line, regarding Facebook advertising:
“Whether you’re a giant advertiser or a tiny one, you know
exactly how much value you get from a Google placement. For us, it was
just really hard to know what we were getting from our Facebook ads.”
Link:
http://www.zerohedge.com/news/0014-ad-ctr-facebooks-weakest-link

Tnks for your comments; very interesting stats.

The big challenge for Facebook is now to prove to the market that it’s worth a very high multiple. That means folks on Wall St. are gonna have to “work overtime” to invent ways for FB to bring in more revenue, esp. over the next 12 months.

the alternative is deflationary collapse.

cutting back n working harder n digging out of debt, besides being out of the realm of human comprehension now, will not work it is too late for that.

I got a good laugh out of reading your caustic response! I’m sure the Ed. and other readers here enjoyed your obvious attempts to hide the truth. You a bullion dealer? Yeah, right!

At every turn, you managed to “find fault” with everything you’re read on this website; translation: you can’t handle the truth! Perhaps you should watch that old classic movie that made the phrase popular (“A Few Good Men”). In reality, your remarks reveal your true colors; you must either be an employee of the great satan (i.e. JPM, in the event you can’t make the connection here), or perhaps you work for the Crimex (I think you can figure out what organization that is).

Comments on Your Remarks:
1. The I’m-Gonna-Put-Her-Down-Ploy: “@ Stephanie: Put down the KoolAid . . .” obviously, you have to go on the attack here, because she exposed the truth about you and your kind. But then again, we’ve already established the fact that you can’t handle the truth.

2. The Superior-Wall St.-I-Know-It-All: “@ obewon: most informed investors . . .”
This remark was a classic “nit-pick.” You got me, my bad! But since you work on Wall St., everything you say is absolute truth; when you speak, you never mis-use an acronym (just ask your family members, if there are any who can tolerate your fault finding). Thank you for reminding me that the LBMA is composed of corrupt (my adjective here, not yours , of course!) members who manipulate the London Metals Exchange on a daily basis.

3. The You-Don’t-Know-Jack: “. . . they already do, vis-à-vis premiums. Please read up on Contango . . .” Another classic here, and so much financial jargon packed into one sentence!!! The Ed. of this site, and its regular readers are just a bunch of morons who stand in awe of your greatness; after all, you work in an atmosphere of supreme-knowledge-mass-manipulation-fraud-and-deceit.