There are many facets to the question of when to buy and when to sell.

While some may be  hesitant to buy when markets such as Gold are at new all time highs….

Some who base their decisions on technical analysis and charting say that once last resistance lines are clearly broken, there will be stronger gains.

Some who base their decisions on fundamentals say that with uncertain around so many economic and political factors,  gold price will strengthen as a traditional safe haven.

Either way, it intrinsically make sense is to “follow the smart money”. That is to say, look for people who’s judgment you trust and see what they are doing.

Texas University Takes Cue From Kyle Bass to Hold $1 Billion in Gold Bars

The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.

The decision to turn the fund’s investment into gold bars was influenced by Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board, Zimmerman said at its annual meeting on April 14. Bass made $500 million on the U.S. subprime-mortgage collapse.

“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”

Gold reached an all-time high of $1,489.10 an ounce yesterday in New York as sovereign debt concerns boosted demand for the metal as a store of value. Gold has climbed 28 percent in the past year on Comex.

Read full story: Bloomberg

QPI Ltd Commodities has been able to hold supply pricing due to our links direct with mine partners in West Africa. That has lead to progressively stronger discounts against market prices.

Contact QPI Ltd, or Connect on Linked In for more information

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Gold prices at morning fixing on LMBA (London Bullion Market Association) appear to have consolidated to hold the strong gains leading up to the Easter Break.

QPI Ltd has strong connections with “at source” gold mines in West Africa.

We have been able to hold pricing firm, which has lead to progressively larger discounts against the Gold market prices.

Contact us for more information about gold and other QPI Ltd commodities.

Connect on Linked In

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The ban has been extended for the 5th time and is valid for another year until May 11th of 2012.

It is intended that this Commission Decision will be renewed annually until Member States

can agree a final revision to the European standard for child-resistant lighters – EN 13869:2002.

As demand for Gold in China grows, some African countries are seeing mixed effects of direct investment, with China exporting more than just mining equipment.

An increasing number of small mines are owned by Ghanaians on paper but controlled illegally by Chinese entrepreneurs, according to miners, concession-owners and security forces interviewed by Reuters during a trip to Ghana’s mines belt.

Over 100,000 Ghanaians engage in small-scale extraction, known locally as “galamsey”, short for “gather and sell,” many without permits. Their work comprises almost 20 percent of gold output, making Ghana the second largest exporter in Africa.

Foreigners are forbidden from galamsey under the Mining Act which confines them to large-scale open pit mining and which initially meant Chinese outfits restricted themselves to providing ancillary services to the smaller mines.

The now-ubiquitous Chinese-made “Chang Fa” crushers and grinders started appearing three years ago, as did “Chinese blankets”, mats which rely on an old technique known as “gravity concentration” to separate minerals and catch gold granules.

But industry experts say the Chinese have gradually pushed further into the industry, providing capital to cash-strapped miners and increasingly purchasing land to extract ore themselves.

Pinning down the exact role of Chinese in the sector is difficult given that some 30,000 nationals now live and work in Ghana, according to immigration data.

Gold last week hit a record $1,444.40 per ounce on world markets as investors see it as a safe haven amid uncertainty for the global economy, making it a lucrative source of profits.

China, which last year overtook Europe as Africa’s largest trading partner and sees the continent as a vital strategic partner in its quest for resources, insist the problem is one for local authorities to deal with.

“There are many Chinese living overseas so I don’t think I will be capable to know what is happening to each and every Chinese in every corner of the world,” Commerce Minister Chen Deming said during a trip to Ghana this year, arguing that any illegal mining be punished under Ghanaian laws.

See full story: Reuters Africa

See related QPI Ltd blog Rising Gold imports into China

QPI Ltd would like to take a moment to wish ladies all the best for international womens day.

Tulips Symbolize "Perfect Love"

Tulips traditionally symbolize perfect love and we hope that is something you have in your life.

Many factories on the mainland have already closed for CNY and will reopen around some time in the week starting Monday 7th February.  Many will start later, and it is worth noting that it can often take a little while for factories to readjust after CNY as many staff will be new. See more in our QPILtd CNY Alert blog.

Hong Kong normally as shorter holiday and most business will be closed Thursday 3rd Feb – Sat 5th Feb, with many closing early on Wed 2nd Feb, which of course is CNY Eve.

QPI Ltd, will have some staff online throughout the CNY holiday and of course our company wide email address of qpig at qpig.hk is also monitored by staff in other offices outside of China.

See also:

QPI Ltd wishes you all the best for the year of the Rabbit

CNY in a Chinese Village, more than just fireworks

Quality Products International Limited wishes you all the best for 2011 year of the rabbit.

The Rabbit is the fourth symbol in the Chinese Horoscope and 2011 Lunar Year of the Rabbit starts on Thursday 3rd of February.

Some may see the rabbit as being weaker than some signs such as the Dragon, Ox, and Tiger or less cunning than the Monkey.

The rabbit symbol signifies sensitivity and consideration for others with calm diplomacy being the order of things. It is an opportunity for people to have fun and relax.

We take this opportunity to wish you the best for the year of the Rabbit from all of us here at Quality Products International Limited.

See also:

CNY in a Chinese Village, more than just fireworks

CNY 2011 Holiday dates

CNY production alert

Many of you will know the Chinese New Year holiday period is fast approaching.

As per our QPILtd CNY Alert, shipping will become more expensive in the last weeks of January!

If you are considering shipping peanuts now, please contact QPILtd urgently for a current price list.