I recently read about Boya Chen’s blog China becomes worlds top gold buyer. According to the latest World Gold Council report, the weight of Gold that China purchased has raced past India’s 715 tones, reached to 798 so far for this year. And reachers even estimated that this number will break over 1000 by the end of the year.

These all due to the significant decreasing of gold price earlier this year. At that time almost all the gold bars in every jewelry store were sold out. It’s true that investment on gold some how is seen safer than venture investment but blindly purchasing along the trend usually is not a wisdom response, especially for Chinese who always like to investing based on their own consumption habit. Overbuying of one specific product can eventually cause the oversupply of the good and further depress its actual value.

      “Over 1 million PlayStation 4’s were sold in the first 24 hours after the game console went on sale early Friday, Sony said.”

“The game system is Sony’s first in seven years and includes new social features, streaming video apps and a touch pad on the controller.” Sony says it expects to sell 5 million PlayStation 4’s by the end of March and analysts expect demand will outpace the supply through Christmas. Apparently Sony want to resuscitation their consumer electronics department with the help of PS4. However, for Microsoft’s Xbox One, which will go on sale on 22nd November, the current outstanding sales data of Sony is going to be the opening shot for their competition.

Referring to Jiejie Zhao’s Blog( Huawei is building 5G wirelesses in Ottawa ) Huawei Co. Ltd., a big wireless technological Chinese company who have research institutions in Indian, United States, Sweden and Russian with more than 89000 employees planned to expand their investment to 5G technologies in Ottawa, Canada. This is a new global research and of next-generation wireless technologies, which promises to bring consumers a 100 times faster blazing data speeds. Since 2009, Huawei had started their technology research and development about 5G and they declare that they will invest 6 hundred billion more dollars on this plan.

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               Economist predicts long, painful housing correction

News form BNN about Canadian Housing Market

      Canada’s existing home sales fell 3.2% in October compared to September, according to the Canadian Real Estate Association. No big deal right? After all housing sales were brisk through the summer and bigger picture-wise Canada’s housing market has been on a near-constant upward trajectory since 1997, hitting all-time highs on a regular basis.

Canadian housing market is overcooked and ripe for a correction.

“Housing prices don’t, can’t and won’t go up forever.”

So what makes Canadian housing price so high right now? Overbuilding is a major cause. Since more and more people realized that investment in housing will bring them relatively huge amount of income, Canadian housing market expanded rapidly. In the future, however the huge oversupply will eventually drag down the price.