Uppvärmning

Dags att springa några varv, stretcha lite och fylla på med vätska. Med andra ord, dags att värma upp lite efter tre dagars Kanada-vila. Här kommer mer uppvärmning:

Först ut, James Turk i ny intervju med Marion Mueller

"Marion Mueller, of oroyfinanzas.com, and James Turk, Director of the GoldMoney Foundation, talk about inflation, fiat currency and the importance of sound money and how it creates a level playing field allowing everyone to participate in economic activity."



Sedan en tredelad serie och Fort Knox, enjoy!







Guld 1680 USD/oz, silver 32.28 USD/oz ser ju rätt skapligt ut inför eftermiddagen så här långt.

China installs gold vending machine, plans 2,000 more

"MUMBAI - China has joined the United States, Germany, Italy and the United Arab Emirates, in hosting an ATM machine that dispenses bullion and gold coins. In Beijing's 800-year old Wangfujing shopping district, shoppers can use bank cards and cash to buy certified gold bars and coins."

"Despite the initial hiccups, there are plans to roll out 2,000 more of the ATMs nationwide. The machines are operated jointly by Beijing Agricultural Commercial Bank and a gold trading German firm. Plans call for installing more of them in secure locations and in private clubs at banks and at landmark buildings in large cities across the Asian country.

Gold vending machines are already used in some countries. The Chinese government is keen to encourage sales of gold in a country which has seen gold demand soaring 27% last year. (det skulle vara US det...)

At the ATM, the maximum limit for each withdrawal has been set at 2.5 kilo or one million yuan ($157) worth of gold.

China is the second largest consumer of gold in the world. For some time now, the government has been actively discouraging real estate investment and speculation to cool down property prices.

The gold ATMs retrieve pricing every 10 minutes, and in exchange for cash, debit or credit cards, provides gold coins, wafers or bars in high-end boxes 24 hours a day, 365 days of the year.

A report by the World Gold Council in May showed that China had edged out India as the largest gold consumer in the first quarter of this year, snapping up 90.9 tonnes of the metal. It also said the demand for jewellery in China soared 21% in the same period.

Albert Cheng, managing director of the Far East at the World Gold Council had reportedly said in March 2010, that the Council had predicted gold demand in China to double by 2020, ``We now believe this doubling may in fact be achieved sooner. China's appetite for gold has increased rapidly over the past few years,'' he said

Gongmei Gold Trading, the company that installed the ATM, said it can hold up to 200 kilograms of gold at once, in varying denominations.

In May 2010, Germany-based firm Gold said that it would churn out 50 gold machines a month. It launched its first ATM in Abu Dhabi's Emirates Palace Hotel and opened a second one in Germany.

By next month, the Chinese gold-vending machines are expected to include a gold buy-back facility."

Papperstomtarna jobbar i stark motvind.

Robin Griffiths

Ny intervju med Griffiths hos KWN kan avlyssnas här.

Ikväll hoppas vi på lite uppställ.