What I'm about to say will challenge even the most steadfast gold bears - or anyone for that matter right now who thinks that gold has seen its better days.
The chart below tells a story - a big story. In fact, I encourage you to forward this email to anyone you know who is serious about his money.
What I found here, with the help of Frank Holmes from U.S. Global and one of the smartest people on earth on the potent combination of Asian markets and commodities, is a chart that shows a truly astounding fact about gold.
Let me walk you through it, and what it could mean to your money, your gold and your financial future.
Courtesy U.S. Global Advisors - click to enlarge
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The grey backdrop is total world mining production. The blue vertical lines represent COMEX gold deliveries. And the big long vertical red lines? That's physical gold delivery on the Shanghai gold exchange.
The takeaway? - Chinese demand for physical delivery all by itself is nearly equal to total worldwide gold production.
That's not a misprint.
In fact, so far this year Chinese deliveries through the Shanghai exchange account for nearly 50% of total global production all by themselves. The COMEX that's part of the New York Mercantile Exchange is almost an afterthought.
This is about as bullish as it gets because the basic laws of supply and demand stipulate that whenever supply is reduced but demand remains constant or accelerates, higher prices result.
Credit: Money Morning - Only the News You Can Profit From http://feeds.moneymorning.com/~r/moneymorning/jOLe/~3/SYC0YUMkrOU/
