With gold withdrawals from the Shanghai Gold Exchange having reached 1,761 tonnes by November 14, and weekly withdrawals since the Golden Week holiday at the beginning of October averaging comfortably over 50 tonnes, China looks to be heading for an annual demand total (SGE gold withdrawals equate to overall demand) of comfortably over 2,000 tonnes again this year assuming these levels are maintained.

Historically November and December are strong months for Chinese gold demand ahead of the Chinese New Year (February 19 2015), which suggests gold demand will remain strong through January and the first half of February too.

Indeed should the current weekly demand levels hold up – the past six weeks have seen withdrawals from the SGE of 52 tonnes, 54 tonnes, 47 tonnes, 60 tonnes, 52 tonnes and 68 tonnes respectively – then we could be heading for an annual figure of around 2,100 tonnes. This is not far short of last year’s record of 2,199 tonnes as stated by the China Gold Association in its China Gold Yearbook released in September (of which 1,507 tonnes came from imports of gold bullion, 17 tonnes in dore imports from overseas mines, 428 tonnes of domestically mined gold thus leaving 247 tonnes to have come from recycled gold scrap. Figures are all from Koos Jansen, Nick Laird and the China Gold Association).

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Extract : Silver Shortage Blog

Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!

Vera Silver Zanzibar one ounce - Obverse

Vera Silver Zanzibar one ounce - Reverse

Just to let you know that last June we launched our new coin : the Vera Silver Zanzibar with Tanzanian legal tender. It is 999.5 %oo fine silver.
It is QR Coded on the reverse side in order to guarantee authenticity, individually Prooftag sealed and struck by Agosi.
50,000 coins have been struck for 2015 and half of them have already been sold. The Vera Silver Zanzibar can be delivered so do not hesitate to order your own !

Please email us : contact@lingold.com

VeraMax 1/10 ounce of fine gold - Obverse

Another coin is now up for sale and can be delivered too : the Vera Max 1/10 ounce, with the same properties as the Vera Valor one ounce.

VeraMax 1/10 ounce of fine gold - Reverse

It has a synthetic DNA and adopts the ‘Prooftag’ security system that provides a high level of protection based on a unique ‘bubble code” that cannot be reproduced.
The VeraMax can now be ordered here.

Other coins are up for sale on our website – do not hesitate to visit us : Lingold.com

Our storage facilities are located in Switzerland, in Geneva, outside the banking system. Subscribe to our LSP and enjoy the free storage !

Silver mine

We would like to share with you an article written by Jeffry Lewis

The ongoing plight of the long term value investor continues – seemingly without end. However, decades of exuberance and greed have colluded. The financial establishment has created an accident waiting to happen. The mainstream has not “priced in” risk, which makes it even harder to travel the road less traveled.
And once the accident happens, it may be too late.
If silver prices were to suddenly move back toward natural price equilibrium, there would naturally (not always the best thing) be a rush to get on board.

There is only one way to protect one’s wealth : by buying gold and silver ! it is possible and you can do so by contacting us. You will be given a large choice of gold and silver coins to invest in with the possibility of free storage in our Swiss vaults outside the banking system !

Austria official gold reserves 2009 - 2013

Many central banks around the world are aware the international monetary system is moving away from the US dollar and that the role of gold will (officially) be much greater in the future. In this development central banks benefit from a smooth and slow transition to a new system, as sudden shocks will bring the global economy in a free fall and more time provides better preparations. Central bankers prefer slow and attentive change. Signs of the slow development towards gold by central banks can be seen across several continents. In Europe slowly more and more countries are repatriating their gold from the UK (Bank Of England) and the US (Federal Reserve Bank Of New York).

Austria reserve assets

Certainly not all their gold but weighed amounts and in the case of Germany and Austria the gold is repatriated over several years. If all European countries would repatriate all their gold at once it would cause a panic in financial markets. In the East, Russia and China are increasing their gold reserves every single month by relative small amounts, respecting the slow development towards gold. Asian central bankers differ from their European colleagues because they verbally acknowledge the role of gold in finance.

In 2004 Zhou Xiaochuan, governor of the People’s Bank Of China, said:

… China’s gold market should move from commodity trade to financial product trade. Gold is a commodity that combines the attributes of a currency, financial commodity and general commodity. … gold still has a strong financial nature and remains an indispensable investment tool. In financial centers in the world, the gold market – together with the money market, securities market and FX market – constitutes the main part of the financial market.

Obviously all these central banks are aware what the future will hold. How else can we explain Europe’s repatriating gold policy and Asia’s buying gold policy?

Candid statements from European central bankers regarding their gold policy are scarce. The slow developmenttowards goldpreviously described is usually covered in excuses by European policy makers. I can recall the Dutch Minister Of Finance, Jeroen Dijsselbloem, was asked in a television interview why the Dutch central bank (DNB) had covertly repatriated 123 tonnes of gold from the Federal Reserve Bank of New York in 2014. Dijsselbloem answered with a condescending smile, saying, “ the decision was made by DNB to spread its gold stock in a more balanced way, but it was of little importance”. Of course the military operation that DNB had carefully planned and executed over the course of two years was of utmost importance for the financial well being of the Netherlands, but Dijsselbloem could not openly acknowledge this importance because of the sensitivity of the subject. Just like Jean-Claude Juncker said in 2011:

“When it becomes serious, you have to lie.”

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