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Asian Gold Buyers


These are four stories I came across today.Asian buyers are bullish on gold.In Bangkok they bought gold even as the prices dipped.I guess only time will tell if they were wise or not.This picture is from Yaowarat in Bangkok.The full story is available here: http://www.bangkokpost.com/business/economics/258447/gold-price-plunges-on-europe-fears

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The second story is from India.Here is the story just how much India Post plans on expanding its gold sales this year:http://www.sify.com/finance/gold-rush-set-to-become-a-sprint-in-india-imagegallery-gold-lj0mkzicfca.html

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The third and fourth stories are from China.You can read the details of the first one here:http://www.sify.com/finance/Record-prices-spawn-new-wave-of-China-gold-buyers-imagegallery-gold-li4rNncebdi.html

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This is a link to the second story out of China http://www.sify.com/finance/China-launches-its-first-gold-vending-machine-imagegallery-gold-lj1sezfejgf.html#galname So China has caught up with other Asian countries like the UAE and Japan and some Western countries.Only time will tell if this is a sign of a coming gold bust.

wealthymatters.com

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UAE:http://www.dailymail.co.uk/news/article-1278165/Ultimate-vending-machine-dispenses-gold-cash-surprise-surprise-located-Abu-Dhabi-hotel.html

Japan:http://www.bloomberg.com/news/2011-01-18/gold-vending-machine-in-tokyo-vies-with-drinks-lingerie.html

Germany:http://www.timesonline.co.uk/tol/money/investment/article6521486.ece

US:http://www.sify.com/finance/China-launches-its-first-gold-vending-machine-imagegallery-gold-lj1sezfejgf.html#galname  http://www.luxuo.com/super-rich/gold-vending-machine-las-vegas-casino.html

UK:http://www.guardian.co.uk/money/2011/jul/01/au-atm-gold-vending-machine

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About Keerthika Singaravel
Engineer,Investor,Businessperson

18 Responses to Asian Gold Buyers

  1. Jules Nzanga Mobutu says:

    WE ARE A GROUP OF LOCAL MINERS OF GOLD FROM BUNIA ORIENTAL PROVINCE,AND COPPER CATHODE IN LUMUMBASHI.
    WE MINE GOLD DUST AND TRANSFORM IT TO NUGGETS.WE MINE ON GRADUAL PROCESS AS GROUP AND COME UP WITH A BIGGER QUANTITY.
    WE HAVE THE FOLLOWING GOLD FOR SALE TO ANY INTERESTED BUYER REST OF THE WORLD

    1)GOLD NUGGETS
    450 KGS
    PURITY 96.1
    PRICE IS 35000 USDOLLARS

    2)COPPER CATHODE
    Quantity is 2 TONNES/1.800KGS(5000 USDOLLARS)

    Also Note that we Can Work in Burundi,Tanzania and Uganda
    We Would Require The Buyer to come down to UGANDA For Inspection Of the Gold And Then Perform an Interim Essay Test at any Approved Government Laboratory preferably (Geological Survey Department) Before Shipment to Buyer Refinery for the Final Assay and Payment.
    In Regards to the Gold and Copper,for Now There are No Documentations.

    Awaiting your immediately reply.

    Thanks.

    Jules Nzanga Mobutu
    Email:coljulesnzangamobutu@gmail.com
    Tel : +243970050947
    +256759677514

    • Caution is adviced for all readers, I know nothing about the advertiser above.

  2. MOHAMMAD TOFIKI says:

    We are large scale miners located at Tarkwa in Western Region Ghana with postal address as follows: Achimota, Accra – Ghana, West Africa. We are incorporated under the Companies Code 1963, Act 179 with RC No: 63,556 (Registrar of Companies, Ghana). We are duly registered with the Minerals Commission as well as the Precious Minerals 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 offer for sale 800 kilogrammes gold dust characterized as follows: Commodity:Gold Form: Alluvial Dust Quality: 22+ Carat (94%) Price: 28,000.00$US per kilogram Origin: Ghana Deleterious Element: 0% Cyanide A full corporate offer will be sent upon demand. Yours faithfully,my number +233243920875,email,mohammadtofiki2009@live.com,
    MOHAMMAD TOFIKI

    • Readers please note,I know nothing about the above commentator or his business.So please proceed at your own risk.

  3. kdojo Hamed says:

    Attn. Sir

    Here is our fco for your perusal.

    FULL CORPORATE OFFER AU METAL GOLD

    We hereby send you full corporate offer (FCO) with legal responsibility, sales and purchase of our product A.U Metal Gold under the following terms and condition herein under.
    DISCRIPTION.
    Commodity —– Alluvial Gold Dust
    Quantity available —– 300kilograms
    Quality —– 22 carat plus (92.7%) or better
    Price —– $35,000.00usd Per Kg.
    Origin —— Ghana West Africa

    PROCEDURE:
    Buyer or buyer representative is invited and expected to come down to Ghana for the inspection of our Product before final shipment to buyer’s destination, during buyer’s visit signing of sales / purchase contract / agreement will take place after the condition and procedure has been agreed by both parties. Buyer is responsible for the shipment cost from sellers country to final destination, representative from sellers side will accompany the buyer along with the goods to buyer destination refinery to witness process.

    PAYMENT TERMS: payment should be either bank to bank transfer or by cash to the seller after final assay in buyer refinery.

    DECLARATION: We hereby declare the above information to be true and correct to the best of our knowledge and this offer is being made without prejudice.

    We look forward to establishing a long lasting business relationship with you after the condition and procedure has been agreed by both parties. You also welcome for joint venture which we are desperately looking for we need modern mining equipment for our mining site so that we can boost our production and we can only achieve if you partner with us.

    Yours Faithfully,
    Mr K.J Hamed

    Email: +233236117478

    • Dear Readers,
      I can’t vouch for this business as I know nothing about it,.But it definitely sounds less scamy than a lot of offers out of Africa.Also the person seems to be open to offering potential investors the option to safeguard their investments.So if you wish,proceed with caution.

  4. Bempoing Bright says:

    Interesting post.

    • Thanks

  5. Kenneth says:

    I found the article informative.Thanks.

  6. Amin Toure. says:

    Excellent read!

    • Thanks

  7. Anisa says:

    Anyone wants to buy an antique pure gold necklace 22 carat, weighs 151.4 grams with stones on it please email me on anisakassam23@yahoo.com
    I can send you the picture and more details.
    Thank you

  8. MR.JOHN DIALLO. says:

    Engrossing write up

  9. Mohamed Sesay says:

    Hello!I am Mr Mohamed Sesay from the Republic of Sierra Leone.Thank you for this article.I found it very good.

  10. Ciarlo says:

    Awesome, thanks for sharing this.

  11. Nana Agyemang says:

    This is a very interesting post.I am a gold miner myself and loved reading about Asian gold buyers.
    Best regards,
    Nana Agyemang

  12. Dr Beniah Alfa Elochukwu says:

    Dear Sir/Madam,

    I am writing to tell you how interesting I find this post.Asian consumers are indeed the bedrock of the gold market.We find that Asian buyers are our best customers.

    Yours truly,

    Dr Beniah Alfa Elochukwu
    C.E.O ( SANKARA GUINEA SARL LTD)

    Phone No +224 24 08 27 32

  13. Jonas says:

    I have been reading your article during my lunch break, and I have to admit the whole article has been very valuable and very well written.

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