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Author Topic: Mike Maloney: The Real Game Changer for Gold  (Read 167 times)
allthingsluxury
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October 31, 2017, 01:06:16 PM
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There are clear supply pressures coming to the gold market, so the last thing it needed was a new source of demand. But that’s exactly what it’s about to get, and as you’ll see, it could potentially push supply into a strained predicament.

If this new development catches on it could lead to some fireworks in the gold market. This source of demand comes from China’s announcement that oil exporters to China will accept yuan as payment.

This is normally done in dollars (hence known as the petrodollar system). The yuan is not well established internationally yet, so as an incentive, China will offer its exporters the option to convert their yuan into gold. This will essentially result in a new source of gold demand, one not currently present in the market.



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https://mikemaloneyblog.blogspot.ca/2017/10/mike-maloney-real-game-changer-for-gold.html

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November 01, 2017, 03:49:57 PM
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China and Russia are positioning themselves to dethrone the US dollar as reserve currency of the world. They need to be careful however and ease into this slowly, so they do not tip the boat and destroy themselves in the process.

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November 01, 2017, 04:00:48 PM
 #3

I'm sorry, but these gold hucksters have been saying that gold is about to enter a raging bull market---any day now!!--for years.   Meanwhile, the price has been lower than 2011 levels for years.  Don't listen to the lies and fear mongering, else you'll be sitting on an "investment" that's poised to do absolutely nothing until it becomes completely irrational again, and that could be decades from now.   I like gold but won't own more than a few hundred dollars worth.

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November 01, 2017, 10:30:26 PM
 #4

The yuan is not well established internationally yet, so as an incentive, China will offer its exporters the option to convert their yuan into gold. This will essentially result in a new source of gold demand, one not currently present in the market.

That is an interesting development.

The yuan isn't well established due to a lack of trust in china. There are entire ghost cities in china that are built for no reason other than to artificially inflate china's GDP numbers. Chinese regulators ban bitcoin exchanges one day and reinstate them the next. There's no reliable consistency or methodology behind the actions chinese take in regard to how they manage their finances or economy. There have always been concerns of china imploding due to the sheer amount of corruption & inefficiency exhibited by the state, which will be flexed as the size of china's middle class grows and average wages and living conditions increase. These factors lead to the yuan not being viewed as being reliable or having much value.

To introduce a gold standard however, where the yuan can be exchanged for gold, could be a shrewd move on china's part. It might also be a desperation move made to counteract a lack of demand in precious metals which may be reaching a peak with the unveiling of crypto. With these types of policies implementation and details can be all important. The specific terms of exchanging yuan for gold will matter. There's a chance they could place a cap on the maximum exchange amount. And then stack a big tax on top of it. What on the surface seems like a good idea could easily turn into less than what people expected it to be.

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November 02, 2017, 06:40:34 AM
 #5

If all the oil exporters that sell their oil to China for yuans start to convert their yuans for gold,the chinese
gold reserves will start to decrease.This will be the only result and i don`t think that this will create new demand for gold.The yuans can also become more cheaper,wich is good for the chinese export and bad for the
chinese people.

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November 04, 2017, 05:34:21 PM
 #6

I'm tired of listening to these people who keep saying that gold will hit the stock market and stuff. They are more of ideation and less of execution which freaks me out . There is no harm in buying gold but I personally would buy much of it as I dont even think that the prices will rise much .

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November 04, 2017, 05:54:49 PM
 #7

Sometimes the limitations on the supply will create the demand for Gold in higher prices but as of right now it is only showing that it is still on consolidation. The thing that will push the gold market up is a direct shift of investments and capital to its very own market, but how can Gold do that!? The simple answer is if these big investors see that Fiat currency isn't profitable or worth the risk anymore they will shift their money to Gold and other investments and the limited supply of Gold will help the price movement go up much quicker.

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