FSN: No Cheap Gold in Vietnam
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Jan Skoyles
The Real Asset Co
One must wonder how Vietnam, a country where gold investing between 2011-2012 accounted for over 3% of GDP, has handled the global dash for gold in recent weeks.
The country’s central bank and citizens hold more gold per capita than India and China, and they have been unable to benefit as well as their neighbours from the low gold prices. Whilst gold shortages induced premiums to be charged in both India and China, they were not to the extent seen in Vietnam.
Here, the gold market is heavily regulated and the central bank has been unable to keep up with gold demand. As a result premiums on gold have reached as high as 20% above the global spot price.
Continue Reading at TheRealAsset.co.uk…
Source: http://silveristhenew.com/2013/05/10/no-cheap-gold-in-vietnam/
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