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Chart Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons
Regular readers are familiar with our monthly series showing the inexorable surge in Chinese gold imports. It is time for the November update, and it's a doozy: at 90.8 tons, this was the second highest gross import number of 2012, double the 47 tons imported in October (which many saw, incorrectly, as an indication of China's waning interest in the yellow metal), and brings the Year to Date total to a massive 720 tons of gold through November. If last year is any indication, the December total will be roughly the same amount, and will bring the total 2012 import amount to over 800 tons, double the 392.6 tons imported in 2011.
Indicatively, should the full year total import number indeed print in the 800 tons range, it will mean that in one year China, whose official reserve holdings are still a negligible 1054 (and realistically at least double, if not triple, this number), will have imported more gold than the official holdings of Japan, last pegged at 765.2 tons (and well more than the ECB's 502.1 tons).
Finally, putting the November import number in context, so far in 2012 China has bought some $39 billion worth of gold. How many US Treasurys has China bought in the same time period? Under $10 billion.
Finally, let's not forget that recently China surpassed South Africa as the world's biggest producer of gold with annual output in the hundreds of tons. Add the net imports number to this total (which amounted to some 281 tons in 2012 according to Bloomberg) and one can get a sense of how big China's appetite for hard assets, instead of trillion dollar coin-backed "promises of repayment", has become.
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Everyone is buying gold but the price is the same as it was august 2011? Does supply and demand still work?
in this new normal the less supply and greater demand = cheaper prices. thank you dr.'s bernank and krugman. it will work until it fails colossally.
Between paper and tungsten, it's hard to discern any real price of gold.
and trillion dollar coins. the fucktards must be eradicated. if only the earth opened up and swallowed DC...
Sure explains the surge in prices of gold and gold miners. Oh. Wait. Never mind. (Long gold since 1999)
...PROOF of price manipulation.
Sovereigns spending BILLION$$$ on gold, and the price, rangebound.
Wait until they let it run, which they will, it's the ONLY way to profit from their investment.
Nixon tried price controls in the 1970s only to see those commodities skyrocket 300-400% when the controls were removed. Market forces always win in the long run.
meanwhile marc faber is predicting a 10% decline in gold
PURE And SIMPLE ... The Chinee Are Importing REAL / SOLID Money.
Money That Stood The Test Of Time ... Like 8000 Years!
Unlike The Unlimited Paper Fiats Of Mr. Bernakie..
who believes anything china says, tho?
If real interest rates go up, gold should decrease in price. Will rates actually increase? Who knows!
That would follow. It is NOT a rational market. Otherwise gold would not decline due to the PERCEIVED "strenghtening dollar."
There are MILLIONS of morons in Treasuries, now, accepting the "safety" of negatve "real" returns. (less than inflation) While the stock market and gold have more than doubled off the bottom.
To put things in perspective, remember, the same sheep that vote, invest.
How many more will pile in if interest rates rise. (WOW, I can get 1/2 a percent per year....that's twice what we were getting before)
BUT, what will higher interest rates do to housing and business investment?
Dammit Thomas, if I've asked you once I've asked you a hundred times. Can't you make your picture bigger??
(It's the little things in life that are important).
givitaway givitaway givitaway now
Yeah... DC and some very specific spots in New York and a few other places where some big bank buildings stand.
Article I read said China is planning on doubling their gold reserves(not counting approx 450 tons they will mine in China ), in the next 2-3 yrs.
More Chinese blobbing-up!
First tiger penises and bear gall bladders, then silver, then tropical timber, then rare earth elements, now gold.
Same old story, same old citizenismistic overconsumptionalization.
Make me laugh.
akak said:
It follows vigourously. Chinese citizenism overconsumptionality nearly deterministic as a gravitatings field. Quantum blobs and crustilinearity coefficient are the mattering bits in the equations, proving the eternal nature of Chinese citizenism.
Yes, yes, three time yes.
The eternal algebraic coconutistic nature of Chinese citizenism inevitably leads to blobbing-up and overconsumptionalization of world resources, as only the rarest and costliest old-growth woods, endangered animal parts and precious metals can make much strong the inherently flaccid and teeny oriental winkie, needings strongish election of which is necessary for makings of many more aborted female fetuses to throw onto roadside lead-tainted garbage and nightsoil mountains of fabled Chinese past and present thusly.
Interesting thing to consider: If they moved their gold reserves to a mere 10% of total, they would be at exactly 6200 tonnes.
If they move to 70% of total, which is around what most of the money center countries are at (at least officially, lol), they would be at 43,400 tonnes.
I've decided to sell all my gold.
I'm gonna use the money to make porno movies.
I shall soon be a star.
But I won't forget the little people.
I be keepin it real.
http://www.angrysinner.blogspot.kr/2013/01/yesterday-dragon-lady-served-beef-and_10.html
Oh great! I hope that means you'll stop spamming Zh.
Stop linking your damn blog - pathetic
What happened to your "fuck lloyd blankfein" blogspot page, I-Be-Julia?
the effect of rising gold prices? rising gold supply. Which is going to keep rising at an ever faster pace since there is an obvious multi year lag between exploration and production.
you don't even need new mines. You just lower cutoff grades in existing mines and voila. instant supply.
Makes sense. Like, when I become less choosy about what food I eat, said food tends to become more nutritious. oh wait
Of course it makes sense. Miners love spending more on fuel for lower output from degrading ore so they can have reduced revenue.
no, but they love extending the life of their mines. Any good miner will lower cutoff grades.
I see - so miners are doing whatever they can to survive, but that may be an effect of low prices, not a cause. Are you saying the miners are causing low prices by claiming a stretched out supply? That would be part and parcel to the entire "tail wagging dog" meme, the tail being the pricing of future assumptions (supply stretched into the far future) and the dog being AGE's and stuff.
+1 for enduring the immediate down arrow shitstorm cheerfully
yes, which is why gold supply has gone UP UP UP since 2001. Oh wait, no it hasn't.
Price doesn't make more gold appear by magic and lowering ore grades doesn't solve the energy problem nor obviate peak.
Otherwise iron in the US would never have peaked. You'd just lower the cutoff...magic new supply!
Same thing happened in the US in the 1970s - oil prices kept going up and US oil production kept declining. Geologic limits are not amenable to jawboning.
The wonderful thing about gold is that (other than those damned Chinese) many of the buyers are just as happy with the paper version as the real version. And while the real stuff is expensive to mine, and somewhat rare, the paper stuff turns out to be really easy to produce at essentially 0 cost, and has the virtue of being in unlimited supply.
I regret that I can only hit the up arrow once.
Zero costs? You're forgetting about the indirect costs in the form of the salaries of the army of sophists perpetuating the scam in the form of conventional wisdom.
Just the fact that Krugman and the NYT exists to generate this facade is a much higher cost than I'm willing to endure.
Gold is clearly a bubble inflated by paranoid, right-wing extremists. Only a fool would trade their hard earned paper for the barbaric yellow trinket.
Truthfully yours,
GS
its 'as good as gold'
DEpends on the currency it's trading against. Since the central banks all are harmonized since last year, literally corrected at the head, they all have to coordinate their FX versus the other currencies:
Tabacco is an international currency btw for those that don't realise. Tabacco companies might sell poison, but their commodity is as transferable as money. Better than, people will pay a premium for cancer sticks and everybody on the planet knows what they are. Whether by addiction, novelity or general disgust. Cigarettes are money.
That would make electronic smokes the new currency. Somewhat off topic. Just watched the mini series Wold Without End, by Ken Follett. Although slanted towards the author's biases, it gives a good peek into a crude economy.
I'm familar with Ken Follett, he's a great author. His books are too short and he takes too long to write. lol
I would love to see though how System D is actually working in Greece. Ken Follett does a great job of running down the framework though. It would be a peak in time,because of the scale of it hasn't been seen in centuries.
http://www.ted.com/talks/robert_neuwirth_the_power_of_the_informal_econo...
Thanks for sharing that. I've been discussing System D for a while on ZH and other blogs but hadn't seen that.
Good luck to the central planners who want to eliminate cash and track every transaction. System D will not have it.
Cash is indispensable to liberty and privacy. They will not be able to eliminate System D, barter and cash transactions. Same fro our gold and our guns. Ain't gonna happen.
System D just can't do it. It's not built to do that. It's built to supply immediate and available needs, not provide a just in time situation where warehousing stockpiles of stuff is important to feed the beast. Although we do now with current infrastructure and technology. All of that though is dependant on energy. Cost to market would still reflect a sellers cost of getting a product somewhere.
It would however allow for different metrics defined by other options. Like camel or donkey. The seller knows what it costs to feed four legs with a mouth and their own time. Anycase rambling...
An example. You have two cartons of smokes. All the vendors there are selling what you need and you've got money in that carton to barter, because everyone knows somewhere someone has the next carton coming off a line. And the supply of "money" is eventually gone. It is money that self destructs. neat huh. Built in inflation controls, it even goes as far as kill it's owner if processed like it is today.
However the cigarette producers did themselves a great dis-service in elimating the other smokable herb as a competitor with the chemical manufacturing groups. But let's be blunt, (nyuck nyuck nyuck) White and not White was part of the US history at that time. So the tabbaco growers weren't particularily fond of the idea of doing business with the communites that have used and grown pot of thousands of year.
Had they merged as union of potable herbs, I believe the discussion of the war on drugs would be pointless. Because that's what drugs are. They are money. That is another conversation altogether.
Exactly. Be left owning nothing and you will be OWNED.
Cigarettes were my currency when travelling to Russia in the 90's...
I imagined their currency status would have waned by now.
A Carton of Marlboro Reds is still the international 20 dollar bill.
Well maybe 50 now, it's been a while.
This damn country was built on sugar, cotton, and TOBACCO. Maybe moonshine too.
Yes sir. All independant with varible market values that were determined by the person buying the good and the seller, or sellers which is how things were mostly done.
Until someone forgot their wallet and needed to borrow a couple of bucks for a much needed commodity which opened the need for credit facilities like insurance companies like Lloyds under the British crown. That's the actual reason why you and I aren't speaking spanish right now instead of Spain owning one end of south america to the north end. It wasn't a war.
It was because they were Catholic. Catholicism banned usury in every form. Get caught doing it. Excommunication for you and your family, and then primative doctors in filthy black smocks got to cut you apart to catelogue body parts in how that made them closer to God or some other horseshit.
England however didn't have that problem. They solved their money troubles by inventing a bank with interest charges. So did Holland and Germany. That's how America was built, it was built on British credit. Taxes though were obscene, they were nearly 11%!! The nerve of people you've never met charging you 11% so you could get handed a wooden nickle for a day's labour and reall goods. Who the fuck was England anyways! You had the resources, they were an island (with a large navy), but you knew they eventually had to come off those boats for water that isn't recycled from piss and fresh food to keep the scabies and scurvy in the crew at bay.
Well you know the rest...
Right On CPL - you might find this interesting reading http://www.cultivatorshandbook.com/cultivators/Barter_Tobacco.html
Lol, that's an awesome story man.
It's still done in Canada, at least in the Valley Seaway. When I was a kid you could trade eight smokes for a gram of weed or a 40 pounder of weak/shitty moonshine or apple jack.
With two packs of smokes you could haggle up a friday night party. See if you could get some girls to hang out and share it all, being 16 was grand.
You forgot liquor, dude. Also, cocaine.
one word........rehypothecation.....
"Does supply and demand still work?"
short answer = No...
longer answer = M A N I P U L A T I O N.....
What else are the Chinese up to?
http://www.shtfplan.com/headline-news/they-are-getting-ready-no-obvious-reason-for-why-chinese-rice-stockpiles-jumped-400-massive-boosts-in-dry-milk-iron-ore-precious-metals-imports_01092013
yep ... everybody seems to have gotten the memo except for us.
Go rong gold
That's, "Go rong gord." :)
Supply and demand still works. The "London Gold Pool 2" will collapse just as the first London Gold Pool did.
Supply and demand still work. However, part of the "Supply" is called "Lease".
Gold constitutes surely no more than 1% of all investment portfolios across the globe, and yet its price has gone up six-fold in twelve years.
Imagine if asset managers actually got interested in it!
The mainstream media has been reporting that China "lost interest" in gold in 2012 and that their imports fell compared to 2011.
One of you is lying.
http://www.theglobeandmail.com/globe-investor/inside-the-market/market-v...
The West, and America in particular, has been hoodwinked, bamboolzed, and lied to for 13 years of this global Golden Bull market.
There are some here still disputing GATA's claims despite mountains of evidence to the contrary of gold price rigging and manipulation done by the FED itself, the UST and bullion banks like JPM.
It is simply amazing. The brainwashing and indoctrination efforts by the MSM has worked beauitfully for the TPTB.
GATA's evidence is pretty unconvincing, B.O.P.
There are hundreds, and perhaps thousands of documents that say you are wrong. Maybe go read them and get back to us?
BTW Thisson, you deflation thesis (like Mish's) has been shot to hell for several years now. Why should I listen to anything you have to say on gold?
they have been lying to you far, far longer than 13 years. in fact, lies were much easier to pass off before the internet.
I'd say it's more of a spin from a peculiar perspective, rather than an outright lie (the hallmark of "professional" journalism). Pick out one relevant fact, then run with it in order to create the proper narrative, all while ignoring the bigger picture. For instance...
While demand in tonnage was down YoY, one does not have to be a genius to look at a chart to see that the average price was much lower last year. Assuming they avoided the spike, they likely spent less currency on gold this year than last year. So, the tonnage decreased, but they may have actually increased the amount purchased nominally.
Too bad we can't see the VWAP of their purchases.
To be fair.
They are BOTH repeating what was read in the news media.....which lies.
Wouldn't China rather have a trillion dollar coin instead?!?!?!
We probably gave them two or three already...
LOL!
I'm gonna miss you guys when this blog becomes illegal.
It's likely too valuable to TPTB as a honey-pot. You know, one convenient place to observe all of our ranting.
*waves to DoD blog scanner and associated sock-puppets*
Save me a bunk and some gruel at camp.
If you can't stomach buying equities, buy gold, silver or commodities dip.
Dear TPTB
Thanks for the continued opportunity to load the boat.....
I can't believe we can still buy it at these prices.... when we get most it it we'll let you know, till then.... WJ
"Thanks for the continued opportunity to load the boat....."
But my boat keeps getting in accidents and all of my gold keeps getting lost...
China want to take over the reserve currency helm.
Soon the Chinese Renminbi will be the currency of choice.
Silently dumping US dollars and converting.
And at the rate they are accumulating gold and stockpiling it, it wont be long. I think 2013 "Year of the Snake" will be very interesting.
As soon as China determines their "Cash for Gold" stores have removed as much of American's wealth as they can get ... they'll do it.
I think we will all be in for many surprises in 2013. And for the record it won't be Year of the Snake, it will be Year of the Schwartz.
Well why not load up - it's always on sale. Somebody in the US govt or JPM should have a talk to them about the virtues of GLD, or Comex futures. They seem to really like gold, maybe they're a good candidate to boost the Comex' flagging transaction volumes.
Does China import just from Hong Kong or do they also import from other countries?
Bingo.
They import direct as well.We have no clue what the real gold imports are.
Probably double or treble the HK figure.
We are guessing at the domestic production as well ,unless you belive the Govt.
production amounts.
I think 2014 before we see a gold backed currency.That gives them time to have a new
settlement system in place, and fully tested,prior to the dollar being dumped.
Use the time wisely.
And these (small) numbers are what the Chinese either want exposed or can't cover up. The real numbers are so much larger that it would boggle the mind and thoroughly frighten the markets.
<We ain't seen nuttin' yet.>
We know where it's going to, but where did it come from?
Mathman Methman was digging it out of the ground for $5 an ounce.
Oh..........wait, that's Silver. My bad. :>)
Well, normally I'd say 'the great paper mines of lower Manhattan' but since this is physical gold... perhaps those 'Cash 4 Gold' offers are turning over more than expected?
ask cottoneyejoe
Bernanke and the US Federal Reserve banksters are trying to hold up their Ponzi.
The Chinese are already taking steps to take over as the worlds reserve currency.
Does anyone know how much domestic production they have? I'm assuming they keep it all for themselves. I'm just trying to guess what month they surpass the US "holdings"....
That has been a deep, dark secret. I would love to know. I know this. Other than trading gold for oil, China does not export gold.
http://www.bloomberg.com/news/2012-04-05/top-10-gold-producing-countries...
For fucks sake, how often do they update the World Official Gold Holdings table?
China has been at 1054 forever!!!
I'm guessing it's the CFTC's job!
You're going to have to learn another language if you want a another news source.
Although the Chinese invented paper, they much prefer gold. THEY are no fools!
I can't wait for the day when China announces that they have accumulated 10k tons. They also trade gold for oil. The day shall come when the petro dollar is no more. It will become the petro renminbi.
http://www.shtfplan.com/headline-news/they-are-getting-ready-no-obvious-...
By now the Chinese probably have more gold (physical) that in any of the noted vaults; e.g Ft Knox or the NYFED. I'm waiting for the "playing doctor" moment:
I'll show you mine if you show me yours
Why wait? "I'll show you my assay if you show me yours."
There's a guy on this Capital Account explaining how the gold price is not manipulated. Curious to hear some feedback. What he says makes sense and explains why the gold price hasn't moved in 1.5 years.
For the record: I think gold has a ton (pun intended) of pent up upside energy. Consolidation is over.
2011 dec 27 gold 01 | goldpricemodel | 277 week ROC visual confirmation
2012 apr 17 gold ROC trends - goldpricemodel
2012 06 18 277week roc 04 goldpricemodel trend-channel without prices
2012 06 18 277week roc 02 goldpricemodel 2011 Jan to 2012 Dec 28
goldpricemodel 2013 roc 52-week
goldpricemodel 2013 projection
ROC pattern shows it is manipulated or this repeating multi-year pattern would never happen. It would be like nature striking lightning many times over in the same places, and as an end result painting a Rembrandt from the burn marks. Not likely.
i already like chink food, but does anyone know where i can load up on some yuan notes, and maybe a used cd of how to speak chinese in 10 easy lessons?
Mormon church is looking for a few good men.
So what exactly does it mean "from Hong Kong"? Where can a guy verify these numbers which are frankly so huge they prove significant change must be coming to the monetary system if this keeps up for another 5 years or so (if it even takes that long).
Is anyone attempting to figure out how much domestic mine production is happening in China and how much is imported from Chinese mines owned abroad (it seems they ship the ore directly home for processing).
Even if the "London Trader" is full of shit when he claims the Asians are buying ungodly amounts on the Comex, they are moving much faster than I thought.
The Chinese have all of their own gold in their own vaults. 80% of the reported gold in the US and UK vaults belong to other countries.
I also have my gold in my own vault. Only sadly it fell overboard when I was sailing over the Challenger Deep. Maybe James Cameron can get it back for me.
Gold hasn't done much in the last year. Wondering if I should have bought netflix stock rather then old king George sovereigns
Netflix stock is the kind of heirloom asset that you can pass on for generations. And if the grandkids ever get in a pinch and need some quick cash - boom, they dump a few shares of their NFLX and they're all set.
The total of 2011 and 2012 imports total more than the official holdings. What's up with that? Someone lacking in basic arithmetic?
The chart above is for imports to China from Hong Kong only as that is the only semi-reliable source to gleen any information from about Chinese imports of gold it would seem. The total holdings of gold reserves in China has not been announced, officially, for 7 years so any number you see will be updated sometime in the future...and it will be much higher.
India's citizens own a total of 19,000 tons of gold. That makes Indians the gold winner.
Does anyone have tungsten Panda's for sale? I think tungsten will soon be more valuable than gold. I'm willing to pay a premium for them!
/sarc
au bar is casted, while au coin is striked. the appearence between them is very different on light reflection. w-au coin is difficult to be stricked to produce similar light reflection.
China will have the most valuable currency in the world because they have the most of "the shiny metal" buried in a vault somewhere inside their borders.
not to mention they have 60,000 factories from the US
.............The US Gov makes more selling a 400 net trounce .900 fine gold bar for spot ! .................The US Gov makes more giving said bar to the Mint to fabricate and sell 400 AGEs @ $100 over spot !
Central Bankster (the Fed, the City), looking at these national AU stats:
"We've already got Germany's and Portugal's gold. Also, Iraq's and Libyia's. Switzerland is our lap-bitch. Chavez and Venezuela are next. So is their oil, for our friends at Exxon. The Chinese think they can 'Renminbi' us with their puny gold pile!? We'll bog them down with the Japanese. And the Russians with Syria." [evil laughter].
Central Bankster (NY Fed), looking at these national AU stats:
"We've already got Germany's and Portugal's gold. Also, Iraq's and Libyia's. Switzerland is our lap-bitch. Chavez and Venezuela are next. So is their oil, for our friends at Exxon. The Chinese think they can 'Renminbi' us with their puny gold pile!? We'll bog them down with the Japanese. And the Russians with Syria." [evil laughter].
Central Bankster (London):
"Yes, yes, brave Sir Ben! And those sons of window-dressers at ZH... All talk and no action! Let us taunt them one more time. We wave our private parts in their general direction. I want a... Shrubery. Nice, but not too expensive. With a part down the middle. Golden on the outside, pink on the inside." [sounds of coconuts simulating horse hooves].
Bernanke, Bernanke, Bernanke
Doesn't anyone remember his Daddy....Alan Greenspan. Ahhh, those were the frothy days. Not a bubble to worry you...frothy....many little bubbles.
Let me reflect how he might have participated in the robbing of the American Middle Class:
Greenspan is an unmitigated God for the top 1%.
Greenspan has been a fiscal and monetary disaster for most of working America.
Bernanke, Bernanke, Bernanke
Doesn't anyone remember his Daddy....Alan Greenspan. Ahhh, those were the frothy days. Not a bubble to worry you...frothy....many little bubbles.
Let me reflect how he might have participated in the robbing of the American Middle Class:
Greenspan is an unmitigated God for the top 1%.
Greenspan has been a fiscal and monetary disaster for most of working America.
TF Metals Is The Piers Morgan Of The Gold Market
http://chartistfriendfrompittsburgh.blogspot.com/2013/01/tf-metals-is-pi...
Yeah but he left and created his own website and doesn't come back on a daily basis and try to get us to read his shit.
You are the Piers Morgan of link pimping.
Deport Piers Morgan to North Korea !
Generally, those that try to initiate a "beef" with another individual, ends up being the bitch in the scenario.
At current pace, the Chinese will exceed the US gold reserves in less than 6 years. The transition in reserve currency is underway.
Way earlier. They have their own production of a few hundred tonnes and they may import also via routes other than HK.
that is if the politicians in the last 20 years just didn't give them what gold the US did have, they gave china everything else for nothing.
The Chinese are traditionalists! Indeed!
My subjective interpretation is that the persisting low price suggests collusion between central banks (and inside friends) and the Fed to keep prices low for central bank acqusition. Once they have theirs, sky's the limit, peons.
Basel III tier 1 shift suggests the price fixing is at least equally intended to benefit the likes of JPM/Barclays/Deutsche/etc.
If the Chinese are importing gold, then why do they sell us gold Pandas?
Can Panda coins be trusted to be pure gold?
800 tons of gold imported by china last year
that's 25,600,000 ounces
that's gotta be about the size of an average house
that's a sizeable chunk of the total gold ever mined
.
Only 50 cubic yards, man.
Pretty small house.
I can't help but laugh every time I see a chart of gold holdings and see USSA anywhere near the top.
I own more gold than Ben Bernanke,and it aint tradition,but its mine.
Not loaned, leased or swapped.
Ps.... Just went and checked my gold stash and it's gone.
No one told the damn mice they couldn't eat eat.
Shit...!
who believes anything china says, tho?...
from the Stockton Record (CA) 1/5/13: Owner hopeful Lode's Gwin Mine is economic treasurefrom the article:
And if Greentech doesn't decide to operate the Gwin, Pitto (the owner of the mine) predicts one of several other potential buyers will do it.
"I have a letter of intent from the Chinese," Pitto said.
Granted, it's a seller of a gold mine in CA's mother lode, but his last comment in this article from our local paper last week regarding the ownership of the material recovered from his hole in the ground may lead credence to Tyler's assertion that China will use whatever value timmy's junk has today to exchange for real US geographically located assets to feed their desire to back a new globally accepted currency to compete and diminish ben's MERSish recorded ether notes.
Besides which, with Mr. Diane Feinstien in China's hip pocket, you think the Mrs. won't pull a TENEO and grease the skids to allow it?
If I remember correctly, the US treasury is compelled by law, (I know that doesn't mean much in today's NWO), to only strike coins from material produced within the borders of the USA.
Wow...what happened to Libya at 9th in the world for gold reserves 14 months ago? (see past ZH articles) Not even on the new list...a great academic question---who has all that gold that "was" in Libya?
One of those "To the Victor belongs the spoils?" Nato split it up?
Should have called it what it really is ZH: Chart of 2012