Koos the TV Star

Sat, Nov 1, 2014 - 7:57pm

Last week, our pal Koos Jansen was a featured guest on the German financial TV network, DAF. As the algo-generated divide between physical demand and paper price widens by the day, this video is a must watch for everyone.

Koos now works for BullionStar.com and the original source link can be found here: https://www.bullionstar.com/blog/koos-jansen/china-will-utilize-gold-pri...

In this 12-minute interview, Koos discusses most of these points:

One note...The first 30 seconds or so are in German but the remainder of the interview is conducted in English.


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Bongo Jim
Nov 3, 2014 - 11:45am


That's not Koos Jansen, that's James Franco. That guy's everywhere. Damn you James Franco for nosing in on the PM scene! Keep to your acting!

Nov 3, 2014 - 10:40am

Help me with the math here.

So Chinese retail demand is 2200 tons per year. Of that 1500 tons or so is imported through the Shanghai Gold Exchange. The rest comes from domestic production and also goes through the SGE. The Government/PBOC is further accumulating an amount of gold. Koos thinks it is about 600 tons per year based on his sources and deductive reasoning. Where is that gold coming from and how is it imported into China? Is this gold coming from the Swiss refiners and going directly into the Chinese government vaults? Koos can you shed some light on this? Are my other assumptions correct? Thanks.

Spartacus Rex
Nov 3, 2014 - 2:25am

Hey Koos...

Do you have any of these?

I left a few behind the last time I was in Amsterdam

Cheers, S. Rex

Nov 2, 2014 - 11:32pm

Sorry, Original Post Deleted...

...Due to author's complete misunderstanding of previous post.

In the stead, please enjoy this diversion:

T-ARA[티아라] "느낌아니까" M/V
Nov 2, 2014 - 11:14pm

Maritime Silk Road expo inaugurated, brings businesses

DONGGUAN, Guangdong, Nov. 2 (Xinhua) -- The first international expo for the 21st Century Maritime Silk Road closed Sunday with 174.7 billion yuan (28.6 billion U.S. dollars) in business deals signed.

The three-day China-Guangdong 21st Century Maritime Silk Road International Expo in the southern city of Dongguan had nearly equal the amount of contracts as those signed at the 21-day Canton Fair this spring. The Canton Fair saw a total of 31.05 billion U.S. dollars worth of contracts signed.

According to the organizing committee of the expo, 80,000 businessmen, scholars and visitors from 42 countries and regions attended the three-day expo, including those from 25 countries along the 21st Century Maritime Silk Road.

Rosewood from Laos, shrimp chips from Indonesia, fruits from Thailand and decorations from India were among the commodities exhibited.

Last October, Chinese President Xi Jinping proposed the 21st Century Maritime Silk Road during his visit to Indonesia. The concept was written into the country's government work report this March.

"I know Chinese President Xi Jiping has said that China wants to rebuild this route. So I think this exhibition is part of that. We really like this idea," said Chamara Udugama, a tea dealer from Sri Lanka.

He said he decided to attend the expo after Chinese dealers e-mailed him orders after he distributed thousands of free tea samples at the China-South Asia Expo in Kunming, capital of southwest China's Yunnan Province, last June.

"If you give very high quality products, very high quality Ceylon tea, then the Chinese people are very knowledgeable. They will buy your tea," he said.

Former Malaysian Minister of Tourism Ng Yen Yen said the concept of a 21st Maritime Silk Road could help their country increase the number of tourists from 25 million to 60 million.

She advised involved countries to work together to help build a top-level cruise tourism industry in Asia, which would bring billions of U.S. dollars in income and provide thousands of new jobs in Asia.

Cruise industry revenues in the Asian market reached 2 billion U.S. dollars last year. The number could increase tenfold using the idea of a 21st Century Maritime Silk Road, she said.

Former chief economist of the World Bank Lin Yifu said countries along the 21st Century Maritime Silk Road were mostly regions with abundant natural resources, huge market potential, low labor cost and numerous tourism destinations.

Lin said that since 2008, when traditional industrialized countries in north America and the Europe encountered economic slowdown, new markets have been emerging in developing regions.


Nov 2, 2014 - 11:11pm
Nov 2, 2014 - 11:09pm

Iraq's oil exports bring in 6.2 bln USD in October

BAGHDAD, Nov. 2 (Xinhua) -- The Iraqi oil exports brought in 6. 241 billion U.S. dollars revenues in October from selling 76.282 million barrels, the Iraqi Oil Ministry said on Sunday.

The average of the crude oil exports was 2.461 million barrels per day for the month with an average selling price of 81.82 dollars per barrel, the ministry said in an emailed statement.

"Iraq's oil sales in October were made via export terminals in Iraq's southern city of Basra, while the crude oil exports by the pipelines from Kirkuk via Turkey's port of Ceyhan have been suspended due to the terrorist actions," the statement quoted ministry spokesman Asim Jihad as saying.

Iraq's economy relies on oil revenues for nearly 95 percent of its revenues.

In 2010, Iraq announced that its proven oil reserves had increased to 143.1 billion barrels from the previous estimation of 115 billion barrels.


Nov 2, 2014 - 7:37pm

@ Spatacus

The retired Marine did mention the 'New Leader' that opposed the "Would you obey orders to shoot Americans" (paraphrased), but didn't mention a name.

I've been meaning to look up Shoup but haven't done so yet.


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Spartacus Rex
Nov 2, 2014 - 7:00pm

@ Karankawa Thanks


Gen. David ("You can keep those Swagger Sticks"/ "optional item of interference") Shoup

Cheers. S. Rex

Nov 2, 2014 - 6:45pm

@ Spartacus

Security guard mentioned is new. The one we talked about previously is now his supervisor doing rounds over a large area. I wrote down the generals name, Shoup right? I'll ask when I see him, the new guy has never been in the military.

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