Silver Price Forecast Based On China's Viral Demand
By Vronsky
February 26, 2014
My research leads me to believe exploding Chinese investment demand during the next six years will drive the price of silver to over $500/oz, which will in turn fuel the price of gold to $8000/oz. And here are the rationale for this sterling prediction.
Chinese are the world's Top Savers
China saves the most money in absolute terms. In 2010 China saved an estimated $4.6 trillion. For those who do not have a concept for this monumental amount, it is $4,600,000,000,000. In sharp contrast, the United States, whose economy is nearly double the size of China's, only saved an estimated $2.8 trillion. Moreover, Chinese on average put away 30.6 percent of their disposable income, amounting to 6.9 trillion yuan in total household savings in China in 2012, estimates Louis Kuijs, chief China economist at Royal Bank of Scotland (RBS) in Hong Kong.
China expert Orville Schell said the country's savings may come as a surprise to outsiders. "They see this exuberant consumer culture and this explosion of shopping malls and this expression of consumerism that even puts the western countries to shame," he said.
the rest here:
http://www.silver-phoenix500.com/article/silver-price-forecast-based-china’s-viral-demand
By Vronsky
February 26, 2014
My research leads me to believe exploding Chinese investment demand during the next six years will drive the price of silver to over $500/oz, which will in turn fuel the price of gold to $8000/oz. And here are the rationale for this sterling prediction.
Chinese are the world's Top Savers
China saves the most money in absolute terms. In 2010 China saved an estimated $4.6 trillion. For those who do not have a concept for this monumental amount, it is $4,600,000,000,000. In sharp contrast, the United States, whose economy is nearly double the size of China's, only saved an estimated $2.8 trillion. Moreover, Chinese on average put away 30.6 percent of their disposable income, amounting to 6.9 trillion yuan in total household savings in China in 2012, estimates Louis Kuijs, chief China economist at Royal Bank of Scotland (RBS) in Hong Kong.
China expert Orville Schell said the country's savings may come as a surprise to outsiders. "They see this exuberant consumer culture and this explosion of shopping malls and this expression of consumerism that even puts the western countries to shame," he said.
the rest here:
http://www.silver-phoenix500.com/article/silver-price-forecast-based-china’s-viral-demand
