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No cheap gold in Vietnam

therealasset.co.uk / By Jan Skoyles / May 10, 2013

One must wonder how Vietnam, a country where gold investing between 2011-2012 accounted for over 3% of GDP, has handled the global dash for gold in recent weeks.

The country’s central bank and citizens hold more gold per capita than India and China, [...]

The story of things to come…

sovereignman.com / By SIMON BLACK / May 7 , 2013

Reporting from Hanoi, Vietnam

I’m not much of a fiction reader, but about two years ago a friend turned me on to a couple of books by Daniel Suarez– Daemon, and its sequel Freedom.

I won’t ruin the plot, but it’s an excellent story with [...]

Rand Paul – Filibuster – A Historic Day

armstrongeconomics.com / By Martin Armstrong / March 6, 2013

Senator Rand Paul, Republican of Kentucky, began a truly old-school filibuster, speak-until-you-drop on Wednesday just before noon. This truly a historic day when only ONE Senator will stand up for the Constitution. Remember prosecuting American soldiers for shooting civilians in Vietnam? It was called a massacre.

[...]

The Daily Nugget – Curbs on gold cut demand in Vietnam

therealasset.co.uk / By JAN SKOYLES / February 28, 2013

It seems gold thought it had overreacted to Bernanke’s comments on Tuesday, and so following his testimonial yesterday gold retraced earlier gains.

It is expected to finish the month with the largest monthly losses in 16 months.

It seems gold is still looking for a [...]

Central Bank Snuffs Out Vietnam’s Thriving Gold Market

mises.ca / by Kel Kelly / Sunday, February 3rd, 2013

In recent years gold has become a sought-after currency in Vietnam. Why? The usual reason: its government has been printing too much money, causing prices to rise, and causing its currency, the Vietnamese dong, to plummet in value.

But by holding gold [...]

Vietnam Continues Gold Market Clamp Down

silvervigilante.com / By SV / December 29, 2012

Vietnam continues its gold market clampdown, of which much more is to be expected worldwide. News of regulation has swirled around Vietnam in recent weeks, and just yesterday, the State Bank of Vietnam said that more than 2,000 storefronts will qualify for trading gold bars [...]

Vietnam: Epidemic killed more than 700,000 cattle and poultry

pandemicinformationnews.blogspot.com / Thursday, December 27, 2012

On 26/12, Ministry of Agriculture and Rural Development, said in 2012 in the whole country, the dangerous diseases on livestock and poultry as bird flu, foot and mouth disease, blue ear pig damage heavy livestock.

According to statistics, there were over 3,000 animals with foot and mouth disease; over [...]

First Japan, Then India, Now Vietnam; China Unfriending Everyone

zerohedge.com / By Tyler Durden / December 4, 2012, 12:57

Yesterday we noted that India was preparing to send its Navy into the South China Sea – defending its mineral rights from China’s increasingly vociferous presence. The Philippines also expressed concern. Today, it’s Vietnam’s turn as Reuters reports the nation is condemning China’s “serious [...]

Vietnam to stop using Gold for commercial transactions

bullionstreet.com / Wednesday, October 31st 03:43 PM IST

Vietnam said it has no plan to import gold any time soon since the metal is neither an essential item nor benefits the economy.

HANOI(BullionStreet): Vietnam ruled out any immediate gold import as the country decided to stop using gold for commercial transactions.

Vietnam’s [...]

Vietnamese Banks Who Paid Dividend On Stored Gold, Were Quietly Selling It To Appear Solvent

zerohedge.com / By Tyler Durden / 10/26/2012 15:39

Several months ago, we reported about a troubling development in Vietnam, happy inflationary host of one of the world’s most rapidly devaluing and best named currencies, that in direct refutation of Ben “Gold is not money, it is tradition” Bernanke’s claim that gold is just a [...]

Asian Seafood Raised on Pig Feces Approved for U.S. Consumers

Shrimp farmers in Ca Mau province in Vietnam, use ice made from tap water that the government says isn’t safe to drink without boiling it, Sept 10, 2012.

bloomberg.com / By Nguyen Dieu Tu Uyen and William Bi / Oct 11, 2012 12:00 AM ET

At Ngoc Sinh Seafoods Trading & Processing Export Enterprise, [...]

Vietnam still has plenty of illegal Gold trading floors

bullionstreet.com / June 18, 2012

Observers said trading in these floors were held via internet and often allow investors making transactions with the high leverage ratio of 1:100, 1:500 or 1:1000

HANOI(BullionStreet): Even two years after the ban, gold trading floors continued to flourish in Vietnam, attracting more and more investors.

Observers said trading [...]

40 Years Later: Nothing Has Changed Except The Images

dollarvigilante.com / By Jim Karger / June 5, 2012

The photo above was taken in Vietnam 40 years ago this month.

I remember it as if it was yesterday.

I was 20 years old, had just graduated from college, and was waiting to be reclassified “1A” by the U.S. Selective Service, at which time [...]

Gold Decree fails to keep prices down in Vietnam

bullionstreet.com / June 5, 2012

The new decree was expected to stabilise the gold market, limit hoarding and speculation, and minimise the influence of the gold market on monetary policy.

HANOI(BullionStreet): Nearly two weeks into Gold monopoly, Vietnam gold prices cobntinued to trade much higher to global prices.

On Tuesday, Vietnam gold price has exceeded [...]

Vietnam Gold monopoly refuses to buyback deformed bullion

bullionstreet.com / May 30, 2012

SJC stopped exchanging deformed SJC gold bullion as of May 25 because the central bank has restricted its gold bullion processing following a new management regulation.

HANOI(BullionStreet): Gold market in Vietnam remained afflicted with doubts and confusion as country’s gold monopoly Saigon Jewelry Co now refuses to buy back [...]

Fascism of Vietnam’s ‘Modern’ Finance Is Just Like the West’s …

thedailybell.com / May 29, 2012

Vietnam Stocks Seen Gaining as Interest Rates Fall … Vietnamese stocks, Asia’s biggest losers during the past five years, are rising the most in 2012 as the nation’s largest money managers say falling interest rates will reverse the deepest earnings slump in three years. – Bloomberg

Dominant Social Theme: Look [...]

Confusion prevails after Vietnam Gold decree comes into effect

bullionstreet / Friday, May 25th 05:00 PM IST

The Gold Decree issued by country’s central bank,the SBV came into effect from Friday, authorizes it as the sole controller of gold trading in the country.

HANOI(BullionStreet): Utter confusion prevailed in Vietnam gold sector Friday, as the new regulation on gold market management has come into effect.

[...]

With Vietnam people hoarding ca 1,000+ t gold govt. aims to increase controls

mineweb.com / by Shivom Seth / May 25, 2012

MUMBAI (MINEWEB) -

As central banks expand their bullion reserve and gold traders ready for a bull run, Vietnam has been turning to gold as a safe haven. With record high inflation, Vietnam is looking to mobilise the large hoard of gold amongst its people, most [...]

Asian Gold: Michael Checkan explains how it works

Vietnam goes nuclear on gold

therealasset.co.uk / by Jan Skoyles / Apr 12 2012

Vietnam is frequently cited as an example of somewhere which acknowledges gold’s role as money; it is a medium of exchange and is used as such every day. Houses come with two prices in Vietnam; the price in dong and the price in gold – [...]

They’ll actually pay you to store your gold

sovereignman.com / by Simon Black / April 11, 2012

Hoi An, Vietnam

[Editor's note: Sovereign Man Chief Investment Strategist Tim Staermose is filling in for Simon today.]

Here’s something you don’t see every day: Banks in Vietnam will actually pay YOU to store your gold in one of their safe deposit boxes. I was [...]

Vietnam increases gold market controls

GoldMoney / by Roman Baudzus /April 11, 2012

The State Bank of Vietnam is instituting a de facto nationalisation of Vietnam’s gold market, in an effort to restore confidence in the country’s currency – the dong. Vietnam is suffering from a growing current account deficit and record-high inflation. The government’s new measures will have unpleasant [...]