China's epic hangover begins - Telegraph

China's epic hangover begins - Telegraph:

Here's a snippet of a Telegraph article today.

It is hard to obtain good data in China, but something is wrong when the country's Homelink property website can report that new home prices in Beijing fell 35pc in November from the month before. If this is remotely true, the calibrated soft-landing intended by Chinese authorities has gone badly wrong and risks spinning out of control.


What I gather from this article is a monster of colossal proportion is about to wake up.
I could be wildly wrong but if Chinese people can't invest their wealth outside China, which I assume is because the Yuan can't be used outside China, then wealthy Chinese people will invest in property and thereby cause the bubble. If the property market collapses, losing millions of people their wealth as has happened in the West with the property bubble over here, then it looks likely Chinese people with any money left will buy precious metals because that is allowed and encouraged in China.
I expect 2012 will be the year precious metals go stratospheric with huge swings up and down in price along the way.  Inflation and deflation are on a collision course. Anything can happen.

http://buycopper.co.uk/

Why Buy Copper?

Every few weeks I get an email quoting the spot price of copper and mentioning the 'high price' of the copper bars sold on the Buy Copper website.  

Some people ask for an explanation of the price and some people are rude.  The rude emails are deleted straight away, and I rarely have time now to reply to the people who'd like to know.  

The reason is, tax and labour.  

When you buy copper or silver or titanium, palladium, gallium etc you have to pay tax.  VAT is 20%.  Polishing is labour +VAT, stamping is stamping +VAT 

Paypal takes 3%  and there are other expenses that push the price higher.  

The spot price is a mythical number constantly quoted.  I believe you can buy metals at the spot price from the London Metals Exchange but it would have to be about 20 tonnes! Which you'd have to move with a lorry and the pay 20% VAT. What form it would look like I don't know because nobody does it.  

Remember the price of gold was at an all time low in about 2002?  How many people considered Gold as a good investment back then?  How many uses has gold got?  Not many.  What about Copper?

So as the Euro slides into oblivion much like the Russian Ruble did in the 90s, the currency you think in may actaully be worthless.  

Certainly £75 billion of new Quantatative Easing money from the Bank of England last week hasn't done your savings or weekly wage any good. 

Metals are money, they have value because they are expensive to mine.  Paper money is a promise.  The Bank of England has devalued it's promise of worth.

£75billion pounds is about 10% of GDP in Britain and they'll use that up in under 2 years, which probably means the price of everything in paper Pounds will go up by about 10% before the next round of devaluing.  

http://buycopper.co.uk/

20 Tin bullion bars in stock and lots of silver coins

19 One kilo Tin bullion bars now in stock

http://buycopper.co.uk/one%20kilo%20tin%20bar.html

I took advantage of the stock market crash today and bought in a load of new stock silver bullion coins.  I wish I took advantage of the crash a little later as I would've saved some money, but that's metal prices for you. 

    Top of the list is the Britannia one ounce fine silver coin.  These seem to be more expensive than other silver bullion coins.  I was put off them for years because they weren't 999 purity but realised they do have One troy ounce of fine silver in, it's just alloyed with another metal so is actually heavier than 1 troy ounce.  I suspect the other metal is to make it the coin more durable as pure silver is very soft.
This years design in quite nice.  I wasn't too keen on last years to be honest.

Here's the 1999 Kookaburra 1 Ounce silver coin.  I got a load of these in because this particular year looks really nice.  I have one laying around somewhere.  Can't remember the year but it had the rays of the sun streaming out.  That was my favourite coin for a while.  I think it was a 2006. Not sure.

There are two of these 2012 Year of the Dragon coins made in the Perth Mint. They're a whopping 10 ounces, so there's a lot of coin for your money.

If you like the Australian Koala series the 2011 coin is quite nice.
















                             2011  One ounce silver Libertad
These coins are really good. Quite different from other coins.  I had a load of 1/2 Oz silver Libertads in last month and they sold out very quickly.  I can't seem to find any more of the 1/2 Oz version which is a shame.    

The above coins will be listed soon.  

http://buycopper.co.uk