One of the last frontier markets to emerge in Asia, we see Vietnam as a ten-year buy.
- Merrill Lynch strategy report, February 2006
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:: Vietnam Stock Markets ::
HOSE - Ho Chi Minh Stock Exchange
HASTC - Hanoi Stock Trading Center
:: Vietnam Stock Brokers ::
Ho Chi Minh City Securities - HSC
:: Vietnam Funds ::
:: Vietnam Stock News ::
http://arabianmoney.net/2008/11/13/saudi-arabia-buys-35bn-of-gold-in-two-weeks/
1st, it's Saudi Arabia.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aftgZrZFEHmY
Next, it's China.
Who's next?
Dollars to Gold
As I suggested previously there is a key question of timing. (USD Crazy Train)
Right now the Dollar is strong and Gold is down from its highs.
Many analysts forecast that Gold will strengthen and the Dollar will decline under pressure from inflation and Helicopter Ben's policies to print more dollars.
So this means that anyone now holding dollars (ie Saudi Arabia and all) may want to think seriously about how and when to get OUT of dollars and into other currency assets like Gold....
Think carefully when you want to jump off the crazy train before it goes off a cliff...
Now it's Iran
http://www.guardian.co.uk/business/feedarticle/8025778
Next is Russia?
VN gold reserve is ZERO!
http://en.wikipedia.org/wiki/Official_gold_reserves
No wonder >90% of VN private physical gold are not with
the banks; earning interest. The majority does not trust
the banks/govt. - afraid of confiscation.
Comex said warning brokers about December gold squeeze
http://www.gata.org/node/6990
Now, this is interesting. Is this insider trading(info)?
Are COMEX warehouses empty?
Turning point on gold & dollar
The turning point on gold and dollar was reached last week from the looks of it.
Time to cash in those US dollars for gold and other assets before it declines further in my view.
Oil and other commodities may be due for a rebound soon as well, depending on whether OPEC can get it together.
Dollar vs. Gold - Can We Trust This Change? - Seeking Alpha
Gold is One of the Few Assets That's Up for the Year
Dollar Down, Gold Up - Seeking Alpha
VN physical gold price moves in a mysterious way
http://english.vietnamnet.vn/biz/2008/12/818923/
I never understand how physical gold is priced in Vietnam.
One week, 8% above spot. And, the next week, below spot.
Lucky Vietnamese can buy cheap physical gold
http://www.thanhniennews.com/business/?catid=2&newsid=44963
Physical gold on the world market is trading at a steep premium,
while Vietnam physical gold is trading at a steep discount.
The State Bank of Vietnam abruptly devalued VND by 3%; official rate is 17,500 to the dollar (black market is obviously much higher). More drastic
devaluation is in the pipeline. A weaker VND will push VN gold price
very much higher.
50% of COMEX gold futures contracts have been notified for
physical delivery; usually only 5% opted for physical delivery.
COMEX warehouses are running short of physical gold. The paper
gold price of COMEX is 'fake' and highly manipulated by the
big boy club to delay the inevitable; i.e. the meltdown of the
USD.
Geopolitical tension - India-Pakistan brinkmanship, Israel's
bombardment of Gaza, impending Israeli strike on Iran(likely
before 20 Jan). etc.etc - all supportive of gold price.
Physical gold is the only true currency and honest money.