Raw Gold in Short Supply in China!

Liberty Gold Coin

• The bullion banksters can only manipulate the price lower for so long. The reality is: because of the low prices of gold and silver, demand is outstripping supply. The world is returning to hard assets and there is no better hard asset than gold and silver!
   
  Raw gold in short supply in China
  by Xiong Qu, cntv.cn
  With the unrest in the Middle East and North Africa continuing, investors worldwide are feeling jittery. The volatility has been good news for the previous metal – in what’s normally a quiet season, gold sales are going through the roof. That’s led to a shortage of raw gold.
   
  In one of China’s largest sales centers of raw gold in Shenzhen, many retailers and producers are flocking to buy larger than usual quantity of raw gold.
   
  Mr. Zhang, one gold processor said “I plan to buy 20 kilos. That’s more than the usual amount. Market demand is greater than in the previous two years. Our recent sales have been growing by 20 percent every month.”
   
  Mr.Zhang has a gold processing factory, which is not far from the raw gold supplier. He thought that adjacency would give him an advantage in buying raw gold. But he was wrong.
   
  Mr. Zhang said “So many are in for raw gold, that they won’t sell it to those who haven’t got an appointment. And the stock is only available for large quantity sales.”
   
  One raw supplier said “We have a big shortage of raw gold. We have been forced to impose rationing, based on the number of clients.”
   
  In Shanghai Gold Trade Platform, raw gold trade has been growing by up to 30 percent. Experts expect only 27 thousand tons of raw gold can been delivered. That’s way below the estimated demand of 50 thousand tons.

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