Loading ...India is reputed to be the primary gold consumer. so I keep my eye out for India related action.
I found this interesting and wanted to share.
[snip – from Stewart Thompson on Silver Doctor ] http://www.silverdoctors.com/the-king-of-gold-stewart-thomson/
- Regardless, within three years, I predict that all price drivers in the Western world to become less relevant to the gold price…than a rotary phone is relevant now, to telephone communication.
- Rajesh “Raj” Mehta of India will quickly replace Janet Yellen as the most influential person in the world of gold. To begin to understand this man’s rise to becoming the “king of gold”, pleaseclick here now. That’s the weekly chart of his gold jewellery company, REL-NSE.
- In time, most Western mining company stock charts will begin to look more like that spectacular chart of his gold jewellery company, Rajesh Exports. He imports hundreds of tons of gold each year. His company is by far the single largest source of gold demand in the world, and he’s beginning a game-changing expansion program.
- I believe that his expansion program could send Western mining stocks to prices that the most dramatic fear trade-oriented investors have only dreamed about.
- Pleaseclick here now.Raj just bought the world’s largest gold refinery, Valcambi. The world’s largest gold refinery is LBMA-approved, and is now in Indian hands!
- Valcambi refines over 900 tons a year, but, incredibly, the “king of gold” has even bigger plans! He says,“We’ll make our Indian gold refinery a subsidiary of Valcambi and make it an LBMA (London Bullion Market Association)-approved refinery. Gold for the Indian market will be directly imported in unrefined-ore form for refining in our refinery in India.”–July 28, 2015.
- When the West began exiting gold in the spring of 2013, Swiss refiners couldn’t refine the Western 400 ounce bars into kilo bars fast enough to meet Indian and Chinese citizen demand. So, the gold price declined on the COMEX, and the banks covered large amounts of short positions at a profit.
- I then predicted that Indian gold jewelers would slowly unveil a plan to take over the world’s refining businesses, and then move to take control of most gold mines, ultimately creating enormous profits for Western gold community investors in those mines.
- That prediction is steadily coming true, pretty much exactly in the manner that I suggested it would. So, what is the king of gold’s next chess board move?“Going forward, Rajesh Exports said the company, which has a controlling market share (50%) in supplying raw materials to 14 states, is also planning to expand the number of stores under its retail brand ‘Shubh’ to 450 from the existing 82 in the next three years.”– DNA India News,July 28, 2015. Over the next three years, the king of gold plans to quintuple the number of his gold jewellery retail stores!
- Raj Mehta is focused on jewellery, refining, and now on mining too, as I predicted he would be. “Mr Mehta vowed earlier this year to spend up to $US700 million on Australian gold assets in a bid to secure supply of gold for his jewellery empire, and speaking to Fairfax Mediaon Monday, Mr Mehta said those plans would be resumed once the Valcambi transaction was completed.”– The Age Business Day News,July 28, 2015.
- Raj Mehta, the king of gold, clearly wants it all. He wants to control the mining of gold, the refining of gold, and the production of gold jewellery. His factory is the largest gold jewellery factory in the world,and has the lowest cost of production.
- What does the king of gold think about the next move for the gold price?” He says to The Age News,“I am of the opinion that from here it should turn back.”The king of gold is speaking. Is anyone in the Western gold community listening? I hope so, because this is a key buying area, for those who embrace gold as the greatest asset in the history of the world!
I did a small amount of DD – here is confirmation: Rajesh-Exports-acquires-Valcambi-worlds-largest-gold-refinery