2009's Top Story: China pushes silver and gold investment to the masses

A report suggests that the Chinese government is pushing the general public into buying gold and silver bullion, which could have a dramatic effect on the markets.

LONDON - 

We are indebted again to Paul Mylchreest's  Thunder Road Report  for news that will bring big smiles to gold and silver investors everywhere.  Apparently China is pushing the idea of buying gold and silver for investment purposes to the general population in the way that Western television sells soap powder.  If 1.3 billion Chinese citizens start buying gold and silver, even in tiny quantities, imagine what that will do to the market!

The report notes that China's Central Television, the main state-owned television company, has run a news programme letting the public know how easy it is to buy precious metals as an investment.  On silver investment the announcer is quoted as saying " China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive than silver in 2007, but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in."

What appears to have happened in China is a total relaxation of strictures on holding precious metals by the individual with the government pushing gold and silver as an investment option, seemingly at every opportunity.  This is a far cry from the situation only a few years ago where the distribution of gold and silver was strictly controlled.  Now, the Thunder Road Report notes that every bank will sell gold and silver bullion bars in four different sizes to individuals and gold related investments are said to be soaring in popularity.

Around a year ago, Leyshon Resources managing director, Paul Atherley, in an investor presentation in London - and no doubt delivered elsewhere in the world too - commented that some employees at the company's gold mining project in northern China would, on pay day, go to the local bank and buy a small gold bar as an investment and wealth protector.  To an extent we put this down at the time to mining company hype - but this seems to be exactly the same phenomenon noted by Thunder Road.  The Chinese are being converted from being the lowest per capita gold consumers in the world to a nation of small precious metals investors.  Now, by next year, Chinese consumption of gold is likely to exceed that of India, which has been for years the world's biggest gold market.  And one suspects that the potential for gold purchasing by individuals is only in its earliest stages.  As more and more Chinese move into the cities and individual wealth grows, this trend is only likely to accelerate.

Paul ends the piece on Chinese gold and silver potential with the following quote from Christine Verone, the first (and only) foreigner in the country to become a certified "expert" on the Chinese gold markets, a designation awarded exclusively by the Shanghai Gold Exchange...and also the first foreigner in history to ever be licensed in any professional capacity by a Chinese commodity exchange.

"Simply put, the Chinese government is trying to trigger a national gold craze...and it's working. The Chinese public now has gold trading platforms on steroids.... ...Also, for the first time in history, Chinese investors can even trade gold abroad (in London) with the swipe of a ‘Lucky Gold' card. I can't even get Bank of America to open a foreign currency account."

Certainly if China is indeed pushing the public to buy gold then there may well be a hidden agenda here.  It's unlikely they are doing it and will suddenly pull the rug out from under millions of investors.  A cynic (or a raging gold bull) would suggest that this will precede a move to switch a good proportion of the country's reserves into gold which would have a huge effect on the global gold price and could prove disastrous for the dollar.  Maybe it's not in China's interests to drive the dollar down too much until it has managed to divest itself of the huge dollar overhang (see the article on Chinese Sovereign Wealth Funds we published yesterday - Chinese sovereign wealth fund dumping dollars for strategic investments like gold  ).  The country may well already be, of course, surreptitiously building its gold reserves without reporting the build-up. 

If the Chinese are indeed beginning to buy gold and silver as the quoted report suggests then this has to be a strong signal that prices are going to rise, and perhaps rise dramatically, in the relatively near future.  We await comment from other China watchers for confirmation of the gold and silver buying spree, but with global gold production at best flat and probably in decline, even a small increase in Chinese buying could have a substantial impact on gold and silver prices.

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china citzen gold buying the chineese govt. is us $ full and trying to divest us dollar holdings and still keep the us happy to buy there goods. while at the same time allowing their vast poup. to invest in gold not related to the dollar!!!!!!! sounds like a good plan when . .more china no longer wants added us backed securites except us land. . .less by dc on September 03 2009, 07:45 Find this comment inappropriate? Report it

buy gold our government says invest in gold. your government says go buy stocks knowing big crashy coming. which government thinky their people are fools? And worse are correct in thought. by ming on September 03 2009, 09:14 Find this comment inappropriate? Report it

@ dc It sounds like a DAMN GOOD plan to me ! Shame our 'leaders' aren't as canny as the ones in Beijing (or - more likely - our leaders are busy hoarding Au& Ag personally, whilst covertly trying to dissuade the general population from doing . .more the same...) . .less by Jim on September 03 2009, 09:24 Find this comment inappropriate? Report it

china pushes gold evertone knows the us is finished. even the peasants in sa dont want us dollars by rick on September 03 2009, 11:24 Find this comment inappropriate? Report it

Good The chinese have always been smarter than americans in this catagory. Instead of mocking the chinese, some people should takes notes. by Josh on September 03 2009, 11:39 Find this comment inappropriate? Report it

Going to be a lot of crying Going to be a lot of crying if China get serious about diversifiying. Gold Bugs get rich, food lines get long, Obama out after 4, Bankers and Brokers swing from rope. by Bill on September 03 2009, 11:58 Find this comment inappropriate? Report it

where will gold price end? will it be again 14500 to 15000 per ounce? by bipin jain on September 03 2009, 12:14 Find this comment inappropriate? Report it

Celestial Personal Silver NO silvery....NO washy Hang on, here we gooooo.... by steve on September 03 2009, 17:32 Find this comment inappropriate? Report it

Gold Isn't this funny$ The once proud liberty seeking Amerika converts to Communism, and ex Communist China turns into Savvy Capitalists. Thank you US Senators and our executive branch, and of course the "independent" Judiciary. All of whom . .more collectively did not, and does not follow the Constitution. Luckily having an DNA gene that does not like Government, I planned on this happening. Buy Gold and Silver(while you can) and say....you might think about taking that Chinese class at the local CCollege. You will need it to communicate with your new Masters. . .less by R Knudsen on September 03 2009, 17:53 Find this comment inappropriate? Report it

Au/Ag I cherish the thought of a country like CHINA encouraging its citizens to purchase silver and gold as an investment, this could be the best thing to ever happen !!!! by SilverGoblin on September 03 2009, 19:22 Find this comment inappropriate? Report it

No one force you do anyting. You can also by gold, don't complain anyone, just think how to make $ strong by itself, that's enough! by Joe on September 03 2009, 20:39 Find this comment inappropriate? Report it

Why chinese people follow their Govt. so much? What a dengerous thing to buy gold at the history record price? Is that mean, chinese Govt. want to give their peoples savings to all over the world? Interesting things will happen! by Mike on September 03 2009, 20:48 Find this comment inappropriate? Report it

God bless chinese goverment for wise investment A smart goverment guides its people to make wise investment that are good for the people which in turn is good for goverment. The American goverment is willing to sell out its people with stock that makes greedy corporations rich. Americans are . .more willing to vote away their freedom and them selves into poverty. Good luck to the chinese people. Your friend and brother Mike . .less by mike on September 03 2009, 23:00 Find this comment inappropriate? Report it

Gold "me Chinese and buy gold, so when fat mortgage American in mcmansion and lease suburban see dollar devalue and go bankrupty..us chinese have wealth in gold and our people laughy at your people diggy in trash can for food :)" Ha ha. You no . .more Chinee, you onry pretend Chinee, but you got big brain for smart A**. I tink you right. . .less by Silver on September 03 2009, 23:09 Find this comment inappropriate? Report it

All governments needs cash -so do china Do anyone think that what governments say or do is really for helping people or they dont want us to see what is coming....some September and the Gold agreement which limits sale of Gold by every country is gone.....all countries are in debt the . .more only way out is to sell gold......they already sold the equities to General public...they are not stupid to get rid of Golden egg laying hens if it were so...they know its better to be in cash now than in commodities or stocks...Gold prices will crash and China knows that..so they want to offload the gold to general public...becasue only if they buy...the mass reserves of china will hold price steady.... . .less by Warning on September 03 2009, 23:11 Find this comment inappropriate? Report it

Don't invest because of movement People buy gold and silver because they think Gold and Silver will increase. And the former buyers earn money from the later buyers. Untill a day, Nobody can afford the price, Gold and silver price will be broken soap bubbles by Hung Anh on September 03 2009, 23:13 Find this comment inappropriate? Report it

Believe what you can hold and what society has deemed of value Hey guys. Look. The dollar must drop. Gold/silver will rise. I suggest that you buy whatever you can spend or borrow at current low rates. The Chinese will/do own us, but at least we will have our metal and guns! by Steve on September 04 2009, 00:01 Find this comment inappropriate? Report it

gold rocks...... Gold glissens. Silver shines. Paper money will become of less value over time. Sell metal in small quantities for cash and avoid taxation and the government stealing of your money. Be smart. Be liquid. Invest wisely. Avoid the US government . .more ripoffs and taxation scam. . .less by Bill on September 04 2009, 00:05 Find this comment inappropriate? Report it

moral for everyone if thats what about to happen then this should be the moral for all the developing countries.if this news is to be believed then i think the rate for gold would of the platinums rate by sushil on September 04 2009, 00:49 Find this comment inappropriate? Report it

chinas theory if the chinese govt. thinks gold will rise then why is it selling to people .Sale of gold to people will increase the flow of chinese currency that will inturn lead to buying of dollars that will increase the dollar and the stocks thus bringing down . .more gold again and make the investors again poor. gold itself has no intrincic value. anybody that differs may send his views to me through this site . .less by aditya jain on September 04 2009, 03:36 Find this comment inappropriate? Report it

A mouth full of gold I keep my gold in my mouth, which is where the savvy chinese labourer does too, as much as half the gold to the dentist to do the work, the rest in the teeth as fillings. The people who will get the most out of this move to metals hoarding by the . .more chinese is the dentists and of course the chinese government who have their own agenda, and unless you are a senior party member inside the forbidden city you can only look in and guess what they are up to. We could take a guess that maybe too much uranium contamination of chinese gold exists, these two elements occur together often, could be restricting export sales of chinese mined gold, so to avoid embarressment as a nuclear polluter the gold has to be kept inside china, its a wild crazy guess though? Go back a year and more to similar gold highs, and the same doomsday reports that the Dollar was finished were the order of the day, particulary in 2004 when the dollar was at below 7.00 to the ZAR. Gold lost those gains quickly and will again unless we all, everyone, not just China, move back to a gold standard in the next 12 months. . .less by Liberty Bell on September 04 2009, 04:41 Find this comment inappropriate? Report it

Something doesn't make sense I'm not getting why the Chinese government would encourage the Chinese people to invest in precious metals--which will drive up the price--and then divest US dollars to purchase precious metals itself at the higher price. by Talnik on September 04 2009, 13:08 Find this comment inappropriate? Report it

making sense Gold is not rising, the currency you are using to value it (the dollar) is loosing favor (ie value) in the world. Its very easy to get some, just find a local coin shop. Gold is money and insurance. by jackpal on September 04 2009, 15:51 Find this comment inappropriate? Report it

Happy Days Happy Days Are Here AGAIN! Drink the Kool Aid as the federal reserve note crashes down to its true value... zero. Buy silver, gold will be confiscated. by B. K.. Rupt on September 04 2009, 16:35 Find this comment inappropriate? Report it

Americans will be the last to know As our Country is lead down the path of Fascism, China finally wakes up and converts to Capitalism. As our US Senators and executive branch sell us out - China now charts a new course to lead the world for the next century. Prepare America to be a . .more third world economy - enslaved as producers just to survive. Watch for a false flag coming very soon to cap the verdict. . .less by sesails on September 04 2009, 19:48 Find this comment inappropriate? Report it

Double Think The only way for China to maintain an export adviantage, is to let the RMB fall with the dollar making gold the best investment. Is China stimulus RMB per capita much less than the US? Will Gold follow oil when gas hits $10 per gal in the US? by davygene on September 04 2009, 21:22 Find this comment inappropriate? Report it

Invest Now Well, I know what I'm gonna be buying at the bank on Monday, some US tresury bonds! They're as good as go... ah, maybe I'll just buy actual gold. by Walks at Night on September 04 2009, 23:02 Find this comment inappropriate? Report it

Gold in Australia G'day from sunny Adelaide, South Australia!!! :) http://www.Metropolis5000.net by Webmaestro on September 05 2009, 01:03 Find this comment inappropriate? Report it

Bye Bye US Dollar The chinese are setting the stage for the fall in the Us dollar. Once they have their citizens buying precious metals they will stop buying US debt. It won't be such a shock to there economy when the dollar drops. They have some smart economists . .more running that country unlike the keynesian idiots running the US. . .less by Steven S on September 05 2009, 06:44 Find this comment inappropriate? Report it

gold reserves The US government holds over 8,000 tonnes of gold, almost 80% of its foreign exchange reserves are held in gold. Germany is a distant number two, holding just over 3,000 tonnes. However, the EU holds well over 10,000 tonnes of gold. In addition, . .more the Euro appreciates in value as the price gold increases. The US dollar on the other hand depreciates in value as the price of gold increases. Now consider the fact that China has only roughly 1,000 tonnes of gold which is a very small percentage of their foreign exchange reserves. The US has gold reserves, and a lot of it. The US obviously has a boat load of dollar denominated debt, therefore it makes perfect sense to depreciated the value of the dollar through inflation in order to pay off the debt. No politician wants to raise taxes or reduce spending in order to pay off the debt, it's much easier to do it through the guise of inflation. China on the other hand has a massive holding of US dollars, well they obviously see the writing on the wall that the dollars trend is downward. The direction of the dollar short term doesn't matter, long-term its direction is nowhere but downhill. The US gave the salami to everyone in 71' when they went off the gold standard internationally. Once again, the elite in the US are giving out the salami, except now on their own citizens. . .less by JRif on September 05 2009, 10:29 Find this comment inappropriate? Report it

Chinese citizens start buying gold If 1.3 billion Chinese citizens start SELLING gold and silver, even in tiny quantities, imagine what that will do to the market! by laosuwan on September 05 2009, 19:50 Find this comment inappropriate? Report it

www.das-bewegt-die-welt.de The best website on the world for gold and silver ist the german www.das-bewegt-die-welt.de You can find there the most important things to know!!! by Dr. Stefan Schwarz on September 06 2009, 05:59 Find this comment inappropriate? Report it

Good protective measure One of two things going on there. One, China is trying to pass their gold reserves onto their citizens in order to free up more cash. This course of action wouldn^t have any effect on metal price because added demand is quenched by added supply. . .more Two, China is attempting to protect their households from financial meltdown should their investments on US debts go sour. . .less by Darko Gojcaj on September 07 2009, 07:04 Find this comment inappropriate? Report it

Diversify!!!!! 20% GOLD 10% Diamonds 25% Property Stocks 40% Stocks 5% Money Market You have a portfolio that could be strong. With the above, and the stock market down, I am still achieving positive return returns. by dpd on September 07 2009, 10:48 Find this comment inappropriate? Report it

Chinese gold purchases How old is this information? It is my understanding that since the world economic pinch, Chinese are returning to their villages in droves due to factory shut downs and layoffs. by expat53 on September 07 2009, 10:51 Find this comment inappropriate? Report it

price will plummet you r being advised to invest in gold only because your government wants all the peoples skint so as to bring violence to the streets.the price will plummet once you have invested all your monies fools gold? by foools gold on September 07 2009, 12:13 Find this comment inappropriate? Report it

Chinese Saving Rate Unlike in the U.S., on average Chinese saving 30% to 50% of what they earned. So far, their investment options for this money are very limited, mostly in domestic stocks and properties. It is very obvious that investing in precious metal is . .more another good option. With the 50% saving rate, a growing wealth, and a 1.3 billon population, it doesn't take a genius to figure out what would a 5 to 10% allocation of Chinese people's wealth to precious metal can do to the market. Just 0.5 oz of gold per person in China will create a demand of 15,000 metic tonne of gold, that is twice the size of Fort Knox's amount. . .less by Ray on September 09 2009, 21:11 Find this comment inappropriate? Report it

US Dollar value The USA govt. is not pushing it's citizens to buy gold because that would undermine the US Dollar value. Chinese also have a stake in the value of the US dollar, but they might have allready given up on it [do they know something we don't? ]. . .more . .less by Karlin on September 13 2009, 21:22 Find this comment inappropriate? Report it

For Serious Alluvial Gold Dust Buyers Only South Atlantic Gold & Diamond Ltd Mrktng mngr: Al Hassan Omar Phone: 233 285395612 email: easmuk@hotmail.com Greetings, We are a team of a small scale miners of solid Gold and Dredgers of alluvial Gold dust. We are . .more registered with all the necessary Agencies of the Government and are in the category of small scale mining company that have the Requisite authorization of mine and Export of Gold. We are duly registered with the Minerals Commission as well as the Precious Mineral Marketing Company Limited, Ghana (PMMC). We have export permit issued by PMMC and certificate of non -criminal origin issued by the High Court, Ghana. We sell gold dust mined from our concessions. We are currently looking for serious buyers for joint venture/partnership. We wish to assure you that we are in position to supply gold dust and have the capacity to meet any large quantities. We are keen to develop our markets through you. To this end we seek your assistance and cooperation for our mutual benefits. We have aggressive rates and can provide proof of product as necessary. As at now we offer for sale 60 Kilogrammes gold dust characterized as follows: Commodity: Gold Form: Alluvial Dust Quality: 22 Carat (93.9 ) Deleterious Element: 0% Cyanide Our price is quite competitive to LME rates. But we offer up to 8 percent discount to our buyers. Brokers also enjoy 2 per cent commission for their time and facilitation. All correspondence regarding this transaction should be addressed directly to us. We hope this information will retain your attention and the subsequent processing of the required documents so that we can work together. Hoping to do good business with you. A full corporate offer will be sent to you upon demand. Buyer is requested to come down to Accra-Ghana to inspect the Gold and to be tested and send the Gold to his/her choice of destination hence our representative will accompany with the buyer to enable him/her witness the assayed process. Yours faithfully Al Hassan Omar NB: Interested customer should please call or reply to the above contacts. . .less by Al Hassan Omar on September 18 2009, 12:19 Find this comment inappropriate? Report it

gold mining Hi, Sir i read your article. that you need partnership to do gold. woud you tell me more detail about information. I did gold mining in my country. when i came here. i read a lot article about mining gold. that's why i try to rearch more about . .more this. i hope you can help me more information. You have a nice day. stephanie . .less by stephanie hoang on September 22 2009, 10:57 Find this comment inappropriate? Report it

Economics The profitability (or lack thereof) of US treasuries depends on 2 things: 1. The proportion of debt the US government intends to honor in the long-run in REAL TERMS (somewhat likely to be lower than 1 = 100%). 2. The "current" price . .more of US treasuries in REAL TERMS. If ratio (2.) times ratio (1.) is larger than 1; it's will get a return (but not necessarily to a greater degree than other investments). Of course ratio (2.) must be larger than 1 for it to get a return. The uncertainty of ratio (1.) (caused by a very high deficit, which causes investors to wonder when the inflation button will be pushed) increasingly leads investors to shy away from US treasuries. Recently the dollar has been falling against other currencies. . .less by Jason on September 24 2009, 12:28 Find this comment inappropriate? Report it

Economics Sorry; the correct formula is: if ratio (1.) DIVIDED BY ratio (2.) is greater than 1; the investment will get a return. by Jason on September 24 2009, 12:30 Find this comment inappropriate? Report it

Alluvial Gold Dust For Sale? Dear Sir/madam, We the principal sellers are pleased to make this offer of AU Metal Gold/ Dust under the penalty of perjury and with full corporate and legal responsibility to the following terms and conditions. 1. . .more Product : AU Metal (Gold) 2. Origin : Ghana West Africa 3. Type : Alluvial4 . Purity : 92.7% or above 5.Carats: 22 or above 6.Quantity: 150 kilos PROCEDURES: Buyer or representative of the buyer is suppose to come down to (Accra-Ghana) for the inspection and random sampling of our Gold Dust. or make planes for the goods to be shipment to he/she destination. We look forward to establishing a long lasting business relationship with you. Mrs Aicha Ouedraogo E-mail:mrs.ouedraogoaicha@gmail.com . .less by Mrs Aicha Ouedraogo on November 06 2009, 05:25 Find this comment inappropriate? Report it

Au gold investors We are looking for investors or gold buyer to protect there wealth and by in partner with us in our mine, we have more than 360kg of gold, in dust,bars and ingot for sale , if interested contact skype id kayman34 for more information, please no time . .more for time waster and only serious buyer please.regards mensah. . .less by Mensah Kofi on November 10 2009, 11:34 Find this comment inappropriate? Report it

Buyer of gold We are looking for investors or gold buyer to protect there wealth and by in partner with us in our mine, we have more than 360kg of gold, in dust,bars and ingot for sale , if interested contact skype id mensah.kofi1, for more information, please no . .more time for time waster and only serious buyer please. . .less by Kofi Mensah on November 30 2009, 16:08 Find this comment inappropriate? Report it

gold stock investment VHGI potential stock dividend. Company may sell off healthcare assets to WNDM to concentrate on Gold Business; numbers work out as follows:WNDM closed at $2.17 per share on 12/1/09 and VHGI closed at $0.185 per share on 12/1/09.Under the current . .more capitalization structure it would equate to roughly 8 shares of WNDM for every 100 shares of VHGI owned by our shareholders. If completed, VHGI intends to distribute the WNDM stock to its shareholders as a dividend in 2010, subject to completion and effectiveness of a re-sale registration statement. http://finance.yahoo.com/news/OTCBBWNDM-Announces-LOI-to-prnews-2117030867.html?x=0&.v=1 . .less by JC2811 on December 20 2009, 04:09 Find this comment inappropriate? Report it

gold VHGI potential stock dividend. Company may sell off healthcare assets to WNDM to concentrate on Gold Business; numbers work out as follows:WNDM closed at $2.17 per share on 12/1/09 and VHGI closed at $0.185 per share on 12/1/09.Under the current . .more capitalization structure it would equate to roughly 8 shares of WNDM for every 100 shares of VHGI owned by our shareholders. If completed, VHGI intends to distribute the WNDM stock to its shareholders as a dividend in 2010, subject to completion and effectiveness of a re-sale registration statement. http://finance.yahoo.com/news/OTCBBWNDM-Announces-LOI-to-prnews-2117030867.html?x=0&.v=1 . .less by JC2811 on December 20 2009, 04:14 Find this comment inappropriate? Report it

Gold Stock Invester Please send me some informations about Gold and Silver investments. Here my email: dromanes@gmail.com 1-305-610-4269 by Romanes Despeines on December 26 2009, 18:10 Find this comment inappropriate? Report it

Gold Dust and Diamonds It's another good season and we have GOLD DUST and DIAMONDS (1 - 3 carats; D - J; VVS - VS2,etc) for sale in Ghana,Conakry,and in Mali.There is also a great investment opportunity to develop a local mine in a village.If you are interested in buying . .more GOLD DUST or DIAMONDS,we can proceed in doing good and profitable business as long as you wish.If you are not interested please kindly connect us to someone that will be interested., email contact, rockwell_eridah(AT)hotmail(DOT)fr . I wait for your comments and advise.Thanks . .less by Eridad on January 06 2010, 16:25 Find this comment inappropriate? Report it

gold dust for sell Dear sir we have large quantity of gold dust for producing of jewelry for sale, any interested buyer contact us for details , we can deliver the gold CIF or FOB to UK,U.S.A MALAYSIA. am . .more waiting Steve steve.blanson@gmail.com . .less by steve.blanson on January 11 2010, 16:21 Find this comment inappropriate? Report it

GOLD DUST FOR SALE Dear Sir/Madam, Could you please help me to sort a GOLD buyer who will be ready to buy my alluvial gold dust? I was wrongly briefed on the market feasibility of MALAYSIA concerning this product prior to my departure / arrival. . .more I reached KUALA LUMPUR, MALAYSIA and found out that I will be in a big mess if I accept what the acclaimed GOLD buyers here offered me for a kilo of alluvial GOLD DUST.. They offered me 6,000 USD per kilo, which I have refused to sell. If I do, it will be a great loss, considering all the expenditures so far covered in bringing the product here. Please see below the product specificat ions, as I am ready to offer you sales / representative commission percentage on every sales/supply made. You will see my goods before you make any payment. I have all the documents for the gold including ownership certificate, certificate of origin, customs clearance and assay report from geological survey. PRODUCT: ALLUVIAL GOLD DUST QUALITY : 22 CARAT, PURITY : 93% PRICE : PER KILO 15,000 USD I await your quick response at tunubuabdul82@yahoo.com Thanks, Abdul TUNUBU . .less by Abdul TUNUBU on February 10 2010, 02:28 Find this comment inappropriate? Report it

Dear, Dear, We are a small scale mining co-operative in the western region of Ghana , we have in stock some quantities of gold dust for sale. We will appreciate any individual or organisation which would assists us expand our mining . .more capacity to enable us produce more quantities of gold from our concessions.Please kindly indicate your interest for the purchase of the Gold and we shall send a FULL CORPORATE OFFER (FCO) for your perusal and approval together with a photograph of our mining site.Thank you and Best Regard. FAVOUR GODSWILL. Tel: 233 243610893 . .less by favour on March 10 2010, 11:14 Find this comment inappropriate? Report it

old dust Hello Sir, We are group of local miners which have our own mine company in Ghana West Africa, 0ur price is reasonable compare to the world market, our price is $20,500 for a kilo,and we have 350kg at the moment for sale The quality of . .more our gold is 22karat and Purity :95.5%. We were told that there is a lucrative market for gold in your country now, if even you are not buying the gold may be you can get me a buyer and you will get your commission for getting us a buyer.And we have have diamond in case you are interested. This are the Specs of our gold: Quantity : more than 350kg Quality : 22karat Purity :95.5% Price :$20, 500 per a kilo I wait for your reply soon. Mr.Robert Djan djan_gh1965@yahoo.com . .less by djan on March 17 2010, 07:46 Find this comment inappropriate? Report it

GOLD DUST SELLER Dear Sir Mr, Godwin Opo a native of TARKWA Gold Mines. in Republic of ACCRA GHANA West Africa . Am contacting you on behalf of my Community which comprises of mainly local Gold miners to represent and as well look for a . .more prospective buyer for the bulk of Gold mined locally in our Community. My Community in conjunction with the Village heads has in their possession this article (Gold Dust) 1. 250Kgs Gold Dust 2. 22 carat plus 3. $22.000 USD for one Kg. The Community as well as the right to go into any contract of extraction or mining with any interested person or company depending on the discussion reached between both parties concerned. If you are interested I would be glad to see you in ACCRA GHANA to sign an agreement before you can carry the Gold dust back to your country with me. I remain to hear from you soonest GOLD DUST SELLER E-mail :mr.godwin1960@live.com Regards. Mr Godwin Opo . .less by godwin on April 13 2010, 23:57 Find this comment inappropriate? Report it

Au gold,dust,bar and ingot We can supply you with this gold offer 23karat ,96.65% purity with good reasonable price for serious buyer only.contact me for more info via skype mensah.kofi1. All the best. by Aje on May 14 2010, 07:25 Find this comment inappropriate? Report it

business links i am a broker and am writing from tippo Ghana limited from Ghana..its a limited liability company who does import and export as well as brokerage.i have been contacted real gold dust,bars and quality diamonds.which i have seen with my eyes and done . .more all necessary test to find out its genuine.please anyone here who is interested should be serious.those who want to buy real gold bars,gold dust and high grade diamond should contact me at tippoghltd@gmail.com........or can call 233243662178... . .less by michael kyei Antwi on July 05 2010, 09:26 Find this comment inappropriate? Report it

Gold Dust Dear Sir, Are you interested in buying Gold Dust or Gold Bars??? If yes kindly let me know so that I can introduce you to a very big mining company registered with the governement so that you can be safe from the Bad sellers, . .more Thanks. Waiting to hearing from you to proceed. Best Reagrds, Edward. 233243103172 Skype: Royalgold76 Amagah.hoho@gmail.com . .less by Edward Nsor on July 31 2010, 11:58 Find this comment inappropriate? Report it

newroad888@gmail.com The quoted report is horribly, horribly wrong unfortunately. Go to Simon Black's blog, the source of this woeful rumor, and see just how wrong it is. The same 'expert' om China's gold industry tries to claim last year is the first . .more time gold has been available to the public and the first time it is legal. What a friggin joke. This person has no clue, and there has been exactly NO directive from the Chinese government to tell people to buy gold. It's fanciful rumor, made up by people who don't understand gold, and particularly no nothing about China. The reality is, in fact, alot more bullish that the government is not telling people to buy gold. Yes they are making gold available, but are NOT telling anyone to buy gold. It is painfully ludicrous to keep claiming they are! . .less by Gold trader in China on August 17 2010, 07:03 Find this comment inappropriate? Report it

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