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China's True Gold Holdings To Remain A Secret After All
Two weeks ago, when considering the biggest question on every gold aficionado's mind, namely how much longer will China keep its gold holdings in secret, we suggested that the answer may be not much longer. The reason: "China may be preparing to update its disclosed holdings because policy makers are pressing to add the yuan to the International Monetary Fund’s currency basket, known as the Special Drawing Right, which includes the dollar, euro, yen and British pound. The tally may come before the IMF’s meetings on the SDR next month or in October, Nomura Holdings Inc. said in an April 8 report."
"Next month" is now this month, i.e., May, when the fluid IMF meeting was supposed to take place in which China's inclusion into the SDR was supposed to be at the very top of the agenda.
Unfortunately, it appears that either China, or the IMF, or both, got cold feet about the long-overdue China gold inventory update. The reason: on April 30, IMF spokesman Gerry Rice held a press briefing in which the main topic was Greece. It had some very testy exchanges about the Greek Plan B such as the following:
QUESTIONER: Firstly, just to follow-up on Michael's question. I think his question was whether the IMF had prepared a contingency plan for a Grexit. Respectfully, I don't believe you answered that question. You answered a different question. So can you say whether or not the IMF has prepared or is preparing a possible Greek exit from the Euro Zone or any other contingencies should there be a default?
MR. RICE: So, I mean, maybe just on the direct question that Michael and you asked which I think was reference to the Spiegel report of the paper –
QUESTIONER: No, I'm not referring to the Spiegel report.
MR. RICE: You're not?
QUESTIONER: I'm asking you directly whether the IMF... I have no idea what Spiegel is saying.
MR. RICE: Okay, so I would repeat just upfront that our baseline position is that we don't anticipate, expect a Greek exit and, you know, as with all other countries, we are always looking at different scenarios because that's part of the service that we provide to our members. So that's par for the course with the IMF. We're always looking at different scenarios for different countries. That's part of our job. We wouldn’t be doing our job if we don't do that.
QUESTIONER: And just to follow-up on that. So are you saying that the IMF may have -- may be preparing other scenarios? I'm not sure how to interpret that response.
MR. RICE: I wouldn't go beyond what I've said, in that again, our baseline, our expectation is that there will be no Greek exit from the Euro Zone and that's what the Greek authorities have said and we very much respect that and are working with them toward that. And again, the IMF does its job in all countries and we look at different scenarios. And that's not unique to Greece.
QUESTIONER: Can I just follow-up on a second question?
MR. RICE: No, I'm going to take someone else.
But while the endless Greek drama is somewhat entertaining, if not for millions of Greeks for whom any day is now a matter of life or death, what caught our attention is what the IMF spokesman said almost at the very end of his press conference. To wit:
QUESTIONER: Just a few questions about other countries. A quick clarification on SDR, in January the managing director mentioned there would be an informal board briefing in May. Is that still happening, or has it been pushed back?
MR. RICE: On the -- sorry, I didn't catch the first part on the --
QUESTIONER: On the SDR.
MR. RICE: Yes.
QUESTIONER: Is May still the -- this month is still the timeline? Or has it been pushed back?
....
MR. RICE: .... the board meeting has been deferred because the work is underway and we'll let you know as soon as that board meeting is scheduled again....
So, alas, what we thought would be an imminent, critical and extremely overdue public announcement from China has again been indefinitely postponed. And so with the gold community eagerly expecting a confirmation from China that its gold holdings have doubled, tripled or more, China - and the IMF - suddenly get cold feet. Again.
After all, why pay more for a commodity - especially one which the BIS (not to mention random spoofers) do everything they can to manipulate at whim - when you don't have to disclose how many thousands of tons of it you have bought over the past 6 years, can still pay less for a few more months?
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They ain't done stacking. Nuff said.
That's the cool thing about gold, it's anonymous..
You never count your money while you're sittin' at the table;
There'll be time enough for countin' when the dealin's done.
You gotta know when to hold em, know when to fold em
DUUUUUUUUUUUUUUUUUUUUHHHHHHHHHHHHHH Why would they tell the truth when they still want to buy more at a deflated price?
it confirms that western leadership is moribundly idiotic enough to allow every last drop of physical to leave its shores
Looks like Asia is gonna reign for a thousand years
Maybe the IMF wants to audit China, but nobody else, so China says Fuck Off!
Do you think the AIIB has anything to do with this?
As I said two weeks ago: China will play the fiat currency/blowing bubbles game and will keep everyone guessing about it's gold reserves, just like the US & EU.
The reason is very simple: China copies EVERYTHING the West does, from real estate bubbles, fiat currency, accumulating government bonds to a planned economy which is subsidized by the state. That's the only thing the Chinese are capable of: a copy paste education system, copy paste industrial basis and a copy paste financial system.
Forget a 'Chinese' gold standard folks...just forget it.
or rather, IMF said 'we need to audit you' and China said 'sure, as long as we do the USA while we're at it'
That depends upon where you buy it, if you buy bullion from a dealership they'll have records and I guarantee governments, in the West at least, will be monioring those records. If you buy from ebay, for example, then it's harder to track but you take the greater risk of buying fake bullion.
That depends on where your "gold dealership" is located.
I get a hand shake and ecipt with no names on it mine (and I don't think the NSA or CIA is dusting CHF banknotes for fingerprints).
Written receipts are even moar optional at the golds souks that I've visited in MENA.
And there's always the option of going straight to the source (i.e artisinal miners).
I used to have a shitload of silver, but I traded it all for blowjobs and crack....weak hands
Not since you just posted it.
I go to our money exchange/metals dealer with cash and walk away with whatever I like. No forms involved, no transaction reference to trace. Only in Canada you say....The real quetion is when will the one world bank decide to reset, and how much percentage wise will SDRs be backed by gold? I'm not keen on a return to a gold standard but fiats fail if the quantity is not regidly controlled and under a debt-money system there is no control over the quantity of inflationary money created.
'Mena'...? Dude... Don't you know what happens to people fcuking around in Mena...?
I've lived here for 8 years. Safe. Happy. Anonymous. Stacking. No problem.
This is also more proof that the IMF and China are working together rather than against each other. Scratch the whole idea that China is going to "bring down" the NWO.
what makes anybody think the Chinese will ever be more honest than the west? If they can play the shell game and make money they will get their own Fort Knox, Crimex and they will triple rehypothicate
Right. The takedown won't be allowed to happen before the next stooge goes into the WH. Can't blame the Nobel Prize Winner for doubling the US debt.
That's the cool thing about gold, it's anonymous..
Sorry about that, looks like I invoked a worm hole. Sucks when that happens.
We all should be grateful for today's PM prices. The TPTB, Federal Reserve etc. are so idiotic that they are willing to manufacture the downfall of their own paper fantasy land magic carpet ride existence at a much lower price, further benefiting and strengthening their own enemy while do so. Hubris always falls prey to Sun Tzu's mastery.
You waaaaayyyy under estimate.
Go out a few ripples for the larger pic.
I am not underestimating anything my friend, they've been idiotic since Amscher Rothschilds first bank - in waaaay pre Hitler Germany, way before the inception of the Federal Reserve and the 'sinking' of the Titanic, before the US defaulted the first time because there was/is no gold ~ because in the end greed is smart, yes, however, patiently, almost clandestinely playing greeds demise is a far more intelligent means to face the test of time.
Aurum, they are wise enough to understand that their media has successfully distracted the majority to the extent that only a miniscule % will take full advantage of this once-in-a-lifetime opportunity. The volume that the awakened accumulate is inconsequential to their plan. If you need proof, try convincing your family, friends, and neighbors to take advantage.
Over the last 15 years, I've witnessed the narrative you mentioned change for the better faster than I thought it would prior to USD collapse predominantly because of alternative media (aka the truth), social media, and old fashioned face to face discussions with friends and family members. Change takes time and exasperating effort, especially in this case. Think of the changes across the board in this economic realm over the last 15 years and you may reconsider. The local police are becoming militarized and receiving MRAPs among many other MIC goodies for a reason.
damn right they're not done stackin'. and they know damn well better than to let that numbe slip to the City of London boyz.
The number slips out once they can claim having the most gold....and it isn´t going to best the US by a few tons, it´s going to be much higher in order to impose fiscal shock and awe.
And tney won't be done stacking nor announce how much they have until the West can no longer manipulate prices.
and the Chinese take phsyical possession evert time...what the heck don't they trust us?
IMO, the transfer of gold to the east is part of the plan for the bankrupted USSA. We've been sold out to China, hence RE, JPM gold vault, Mao a Yalie. Pooty, more kabuki controlled opposition. Why have they allowed th purchase of PM's? They know every transaction & have no issue with popping a cap in our head (or ur kid) to get it.
I think this is the final phase of NWO...Jade Helm. It's not just the states mentioned.
Assault on multiple levels with total environmental collapse.
The great tribulation.
I wouldn't read too much into the present situation other than the world's richest led by the BIS/ transnational corpoarte system, whether these elites be Western, Asian or otherwise are simply colluding to bring about one world governance under the structure of free trade deals such as the TPP/TIPP/EEU (Putin's baby)/FIPA etc. and a one world currency, a gold backed SDR....all under their control. Money will cease to exist for the little people, We'll get credits according to our worth instead. all as a sure fire way to control everyone. Jade Helm is a conditioning exercise for us and practice for them and should be viewed as very disturbing. Global warming will be the applied shock doctrine rallying cry to follow the bankers and save humanity, California looks like it'll be the construct, with UN agenda 21 and carbon taxes on us type of proposals etc. If we're going to general strike it had better come as soon as the old US/Fed hegemony system is collapsed to make way for the new system...or soon.
Let me condense this down a bit for you. The Little People Won't Exist.
Fuku - Pacific Dead
Macondo - Gulf Dead
Nuclear fire in Ukraine will contaminate the whole of North America.
Coccolithophore extinction = We're Dead
I won't bother to go into chemtrails.
You might want to give parts 1,2 & 3 a good listen.
http://www.blogtalkradio.com/lostartsradio/2015/04/05/lost-arts-radio-show-13--special-guest-dr-barrie-trower
Gold & guns ain't gonna cut it.
We're looking at Maslow's hierarchy.
Who knows, but here's the narrative I'm sticking with.
White horse - military industrial complex
Red horse - political industrial complex
Black horse - financial muscle
Pale horse - healthcare complex
"When will you avenge our blood, LRD?" Say the saints under alter, slaughtered en masse.
"Just a little bit longer while I seal the rest."
BAM! Whole world shakes like a tree. The survivors are gonna have hell to pay. And that ain't even the start. That's just the end of act 1. Act 2 is gonna make climate change look like a baby tornado.
I bet the IMF could bribe China to say nothing indefinatly on their gold reserves in exchange for whatever they want with the SDR.
if you really believe thats what is going to happen then you can bet with money ... talk is cheap
Then, when China balks, start war.
http://en.wikipedia.org/wiki/Senkaku_Islands_dispute
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://goo.gl/e4mV9C
I suspect a lot of their gold has gone to India lately....
So, alas, what we thought would be an imminent, critical and extremely overdue public announcement from China has again been indefinitely postponed...
Sounds like the same excuse they use with the Iraqi Dinar revaluation......always tomorrow.
Not telling until they suck every single ounce out of the West.
China can have it all, makes no difference.
A gold reserve has meaning ONLY when all the major players
WANT to be on a gold reserve system
WANT to limit their spending to prevent excessive outflows of their gold reserve
NO regime wants to limit its spending,
therefore gold is irrelevant.
They are still buying in massive quantities , american, dick head.
I think you want to say dual-citizen dh when refering to zino-prober. As such, he will often have a very unAmerican pov.
If gold is so irrelevant, please explain why it has been hoarded and traded for so long by not just men but by nations.
Do tell, oh wise one, why gold is irrelevant, and please don't refer me to your post as it holds little water.
Don't hit them with that, they might loose faith in the almighty FED and jump from the fucking window a few months early.
People hoard all kinds of stuff, that behavior does not make any of the hoardings one of the global or national currencies.
Excellent rebuttal, very thought provoking indeed. Thank you for clearing up my question with such compelling statement.
That being said would you have any other tidbits of wisdom for the board? This is really similar to my 6th graders debate team ,in fact even a few notches below that.
You just gave a good example of one thing wrong with the educational system:
A third-grade intellect, ie YOU, trying to lead 6th grade intellects.
Try looking up the word "past", as in "A PREVIOUS ERA, NO LONGER PRACTICED".
What was used for money in the past means shit for the regimes in power now - they will devise whatever scheme is required to maintain their power. That power is based in large part upon unlimited spending, eg to buy votes. Anything that limits the regime's spending is going to be targeted by the regime.
therefore gold is irrelevant.
You know just enough to pass the ECON 101 test, you should apply to CNBC.
yes, just another, if rare and shiny commodity, but if the bankers as the current ultimate arbiters say its relevant as money then so be it. Anything can be money if those in charge say its money, including electronic digitizing. This is why I own some PMs, because I think the bankers will return their monetary system to a PM backed system and the re evaluation of SDRs to being gold backed will bring a profit on those PMs I hold. The secret to money is who creates it and in what QUANTITY. Just the correct amonut is better than too much, inflationary, or too little, deflationary. Gold is restrictive as a backing in that the amount of gold backing a currency may have to be adjusted as population grows or declines....better to just issue a fiat and rigidly control the quantity,which is impossible under our current debt/money fractional reserve monetary system. Iceland may soon be testing this controlled fiat monetary strategem so we'll all have to watch and see how they make out.
You are as blinded by your precious metals religion/ideology as the CNBC drones are about their equities religion/ideology.
It's gone beyond what they WANT at this point. They may very well WANT an everexpanding fractional reserve system, but this one is about run its course. You can't replace a failed fiat with another fiat... there is no faith remaining. Gonna need some backing. And the full faith and credit of the US tressury aint gonna cut it.
Close. It's not want the Chinese WANT, it's more how they REACT TO. Western world and USD is still "global reserve currency". They see USD printing and devaluation, they get more RE and AU. West pushes AU lower, they get more AU and less UST. This process pushes more real assets East, and more wealth East.
The recent USD demand looks to be a 'cashing' in of derivatives to me, especially since rising dollar has had little impact on imported goods pricing, in fact they look flat to rising. Pump gas prices are back where they were when oil was north of 100.
The regime leaders EVERYWHERE, MOST ESPECIALLY in China, where ALL previous regimes were overthrown by proletariat/peasant revolts due to economic hardship, not just want, but NEED unlimited spending.
Therefore, they will NEVER allow the implementation of any system which limits their ability to spend money, including creating money and issuing debt.
A far more likely next step in the worldwide trajectory to debt unsustainability is for a global write-off of existing debt and then starting the debt ramp up again.
Investors, like me, who used to buy government debt, eg muni bonds, are going to discover that increasingly in the new era, buying government debt is actually a gift to the government, ie you don't get your principal back.
Examples: Detroit, Puerto Rico, Greece, Argentina, Cypress, etc, etc
You made sense until you blew it with your last line "therefore gold is irrelevant".
It IS relevant, but mostly to China, insofar it uses gold as the tool/weapon to buy/force its way to the SDR table.
As part of those negotiations, you can be sure that the IMF (US, EU, Japan, and UK) will NOT be embarrassed or threatened publicly with China's true gold holdings.
So, to differentiate, this is irrelevant to us (the common man, who will not benefit from gold's traditional attributes of wealth storage), but it IS totally relevant to China and the IMF. Double Standard rules will apply in this game within a game.
Therefore, no matter what any of the self-serving gold shills tell you, treat gold like any Asset: with caution and allocation limits.
They will play kick the can until they know it's time to pick up the can. When that day arrives,we will see the worms fall out.
Mr. Rice .... in Chinese, your name means food .... nominal determinism strikes again !
They've got tons and tons and are going to continue to buy more until they can usurp the USD. Yes, war is fought in many ways these days.
yes, as part of the SDR basket of currencies...China, Russia, USA, BRICS, all are part of the BIS system. All have investments, many of them joint investments all over the planet and advancing in each's sphere of military influence. They are business buddies and rivals all in one. We, being the little people, are their unthinking prey and meal ticket all in one.
And if gold goes to $1000/oz. or below, they can buy more...and more.
OT - I sure miss all of the talk about Peak Oil...and Peak Gold for that matter.
Isn't price irrelevent if you own a printing press?
Socialist countries .... now, more avaricious .... than the Capitalists ever were .... and the "Capitalist" west mocks gold ?
what if gold is just a raw material?
what if it's being exported back out in the form of electronics etc.?
then what?
What is papers number on the periodic table again?
And if money gets digitized? Yuck.
Look on the bright side, you'll never get lost.
They will be able to track you anywhere.
it's fuck you is what it is... answer the question, pussy
Do you buy a car to invest in steel and glass?
You're up.
They do use gold on cell phones already. That's why you can sell your non-working old phone for very close to what you originally paid. Gold is not a consumable. But the % used in electronics and other uses is miniscule.
FYI: Gold is NOT "just a raw material". If you think *fizzical* gold is just another commodity then you are taking the wrong direction from the very start with your "logic".
It seems we're waiting for the culmination of the Dollar Dump / IMF Plan 'B' culmination / Global Currency Reset / multi nation Revaluation / preperations by various nations to leave NATO and more stability for those nations which did or plan to join the BRICS.
I think the timing didn't work out with other events, not that it was not the intention. And I think the announcement / publication of China's gold hoarde will be announced when it's the right time. Maybe closer to formalization of the Shanghai Exchange / AIIB funding / October surprise.
By the way, what is Putin going to announce on May 9th? Rumor has it he will announce something. Hopefully not another child. ;-) Alien abduction?
I don't care if and how much gold China or the USA have. Both of these economies are sick and the only thing that matters is how much gold we have.
Individuals are far better placed to protect themselves that clueless, incompetent, war mongering gvernments.
Exactly. Anyone believing anything coming out of the Chinese government, or just about any government for that matter, is a complete imbecile
Entire economies, empires and religions depend on an adequate supply of imbeciles.
The ambitious, the powerful, rich & succesful plan and scam accordingly. So ACT accordingly.
The Alchemists were wrong .... they always tried to upgrade lead to gold .... Uranium wasn't known .... with a good linear accelerator .... maybe, the heavier elements .... can be fracked down .... make silver out of lead .... they are the ugly sisters ?
In this case, cracking molecules and atoms is more feasible than adding to them.
But the true alchemy would be the use of nuclear power to turn certain larger plentiful and relatively useless hydrocarbon chains into smaller more internally combustible hydrocarbon chains. But since they haven't been able to do that right despite almost 70 years of trying (on and off) I would not hold my breath for "silver out of lead".
Public School, huh?
https://www.google.com/search?sourceid=navclient&aq=&oq=can+physicists+make+gold&ie=UTF-8&rlz=1T4GGHP_enUS638US638&q=can+physicists+make+gold&gs_l=hp....0.0.0.6963...........0.JoPENPBWEXk&gws_rd=ssl
No, not in the 'Murican usage of that word, but it wouldn't change anything, because (unfortunately) I would still be one of the smartest people in the room.
I live in the real world, and ideas and experiments of people who live in ivory towers are not necessarily scalable to meet the needs of the real world.
In the late 40's an SRI researcher looked into this with some guys from Oak Ridge and couldn't make it work. Since then various oil companies have tried. Then there was OPEC. Then some other oil companies tried.
Break the monopoly, preserve the monopoly. It comes to down to who controls the monopoly at certain point in time. But without monopolies and current resource scarcity, demand for the MIC is reduced.
Gold and silver are a sideshow, as is fiat money. The real world revolves around BTUs and force.
How many more arrogant cunts live in your real world?
They are apparently far more literate than the cunts that live in yours.
Is your really IQ as low as your pathetic attempt at trolling after 14 weeks here suggests?
ummmmm.....are you a Democrat, because your knowledge of science is appalling.
We can make gold right now, by bombarding similar elements with the appropriate atomic particles........all at the bargain price of about $900,000 an ounce......lol....YOU are what is wrong with America.....
You can make gold out of platinum, but it's wicked expensive.
The raw materials cost alone will kill you.
All I know is .... when the American "Worldwide Fiat Ponzi" implodes .... after we have milked it to death .... to the chagrin of the America haters .... our super power status will .... go parabolic .... look at Corzine, the Clintons .... I rest my fingers !
Here's how I see it.
The USG is addicted to bribing voters with handouts.
But now the USG is out of greenbacks.
Luckily, it has a printing press in the basement.
And it has been cranking out the greenbacks like crazy, to keep the bribes flowing.
But there's a problem.
The Chinese loan sharks don't enjoy having their USTSY debt serviced with these worthless greenbacks.
They agreed the USG can continue to print dollars to bribe their voters, as long as they also short gold to hold the price down, and the Chinese can then make up their dollar losses with cheap gold.
Been working well for many years.
However, the gold is now running out.
So the Chinese have threatened to pull the plug on the deal (announce their holdings and demand an audit of US holdings)
The USG have promised to come up with more gold so they can keep printing dollars with which to keep the bribes flowing.
So the Chinese have held off on their announcement...........for now.
The question is..................which defenceless country has enough gold for the USG to invade and steal it so they can keep supplying the Chinese with cheap gold and in turn be allowed to keep bribing voters with printed greenbacks?
Algeria has 174 tons.
Algeria has 174 tons.
The IMF has a lot as well. They will sale it to you, but you can't take possession.
This message has been brought to you by the number 7.
There might be a lot deeper in earth. and there are plans to land some gold/platinum asteroide on earth :) eazy bilion gold tons.
Great analysis, 8th estate.
Greenbacks ? no - they print FRN's
they couldn't turn lead into gold, so they turned people into idiots and made them use scrap paper.
The BRICS and their allies represent at least half of the world (land AND people) and they all stack like there is no tomorrow... The West suppresses the price with gold IOUs and is bleeding out it's bullion... Case closed, while the crime continues for a bit longer.
Zactly.
I think it was Alisdair MaCleod, of the clan Macleod, who pointed out we will have a gold standard if for no other reason than the fact that the BRICS and the majority of the people of the world like it, and 'voting' for it, and the Western banks will no longer be able to hold back this tide as they rapidly diminish themselves.
On the mark with this one Tyler.
Which reminds me of a brief anecdote, of which there are many versions:
"A man is asked by a passerby, having lost his keys in the dark on the sidewalk, "Why are you looking in the street for your keys? You told me you lost them on the sidewalk.” The man replies, "Because only the streets have lights".
Much of the blog commentary on gold, including mine unfortunately, has focused on US banks, the Fed, the IMF and other arguably American-centric perceptions of issues that will affect gold's future price - without regard to history or cultural differences. To be fair, we have a dearth of information on important gold ownership statistics - even in our own country, to say nothing of China. PM's, and to some extent commodities in general, are great levelers that know no national boundaries.
I would say with regard to PM ownership, another well-known anecdote is also appropriate:
"Chance favors the prepared mind."
In light of all we DO know about the situation, I don't think being short PM's constitutes preparation.
"Chance favors the prepared mind."
Thanks for the refresher. Been too long since I read that truism. 'Calculated risk'...
If China's actual gold holdings are released and they do unpeg from the dollar and join the SDR then it will wreck havoc on global markets especially currency and bond markets thus China doesn't want this noteriety. Instead China will see how quickly Greece and the euro fall apart hoping that will trigger the next Jamie Dimon crisis.
Maybe they swapped it for paper.
/s
Gold remains on sale for a few more months. Good news for those of us accumulating physical.
Sorry, no gold at COMEX, no gold at GLD and now even silver stock at COMEX is declining.
http://katchum.blogspot.hk/2015/05/trend-change-in-comex-registered-silv...
Blythe Masters working for Goldman Sack-O-Chit is is heading up a bit=coin startup, if that ranchy ho is involved, it can only be bad! Sorry, my apologies to the hard working prostitues.
Of course thats nothing new to this informed forum.
Blythe Masters working for Goldman Sack-O-Chit is is heading up a bit=coin startup, if that ranchy ho is involved, it can only be bad! Sorry, my apologies to the hard working prostitues.
Of course thats nothing new to this informed forum.
The Dollar was respected before the Zionists did everything they could to control it, undermine it, exploit it and ultimately destroy it. The rest of us were to stupid to see what was happening because they handed out fake money and small amounts of power to the only people who could stop them.
I suspect most gold enthusiasts do not care about how relevant gold is, only that is is difficult to track and difficult to confiscate....among other attributes that annoy Keynsian money printers.
China done 'stacking' - when...?
When Russia takes the territories needed to secure its 'security perimeter' on the Ukrainian border, and such movements trigger China to move (aggressively) in its sphere of influence, which in turn triggers the Pentagram to make a series of hasty and highly un-wise economic and/or military provocations towards both Russia AND China, which in turn triggers China and Russia to 'flip the switch'. All speculation, of course...
Consuelo,
I think you have a pretty fair assessment of the situation.
I am inclined to also think Russia and China each/both will continue as quietly as possible playing to their end-games until either 1. They have accomplished their intent, or, 2. The bumbling U.S. disastrously stumbles into one or the other's way forcing one/both to finally reveal all. At that point, America will no longer be able to deny reality, and will be forced to accept it's role as the world's newest ex-superpower with greatly diminished influence.
Articles on gold.Proof of direct gold manipulation is in the article "Gold Near All-Time Inflation-Adjusted Low".GATA dug up a speech from the '80's showing that the BIS is also tied up in illegal market manipulation on behalf of Governments.
http://www.wnd.com/?s=gold+near+all-time+inflation&sort=&order=&from=&to...
The decision to postpone the China/IMF meeting could well have been a reaction from DC to slow down China. This may not be China's choice.
I see a day when the masses, maybe 90% give up on the Status Quo (fiat) and only use these digits for things like Property Taxes, Mortgage & Fuel. PM's will become the currency of choice as everyone attempts to drop out of the control grid. Thus you have China with it's gold and JP Morgan with it's silver hordes. They plan on being King.
As do I
Gold Bitchez.....I pick up pennies
I may have my own preminitions yet understandably I agree, Rubbish.
Sun Tzu applies today to the Chinese gold horde. It is being stored for the upcoming battle - which China will win because China is preparing everything they need to win it - before it is even fought. Only when global fiat currencies collapse, China will let us know how much gold they have. And unlike Fort Knox and the NY Fed - China will let the world actually see their gold so the World knows it is real.
And while it is easy to point to the empty cities in China as gross speculation - isn't the Department of Homeland Security and FEMA (and Walmart?) preparing living quarters for displaced citizens in the US? Choose between a new apartment in a new Chinese city, or a tent inside the barbed wire (for your protection) at a FEMA camp!
What do you think all those giant sports stadiums were built for. Did you learn nothing from the South American dictators
At the first sign of unrest or fiat collapse, will your local coin shop, pawn or bullion center be open? No, they will surely have taken their stash to any other location than Gold/Silver sold here.
Where will you get yours?
Ha ha
Gold Bitchez......I pick up pennies
It's getting harder and harder not to believe this 'shemitah' thing. EVERYTHING is pointing to mid September. Maybe the Fed will raise rates in Sept and collapse the bullshit system.
I don't geddit.
Why would one be concerned about holding gold with white gloves?
What with galvanic series and all.
By now could be sweating cyanide salts, I guess.
Ha! You didn't believe they would really show their hand yet, did you?
The Chinese will announce their gold holdings only when they decide the time is right, for maximum impact!
Two more reasons to own gold.You need to understand the times we are in and why gold is like an insurance policy.
http://www.kitco.com/ind/Weiner/2015-04-30-Think-Different-About-Purchas...
http://www.kitco.com/news/video/show/Kitco-News/972/2015-04-29/Rick-Rule...
And Jim Rogers will move in big at the right moment,the strategic player that he is:
http://www.kitco.com/news/video/show/On-The-Spot/973/2015-04-30/Gold-Buy...
I know exactly how much gold China has.
More than the DC US has. Way more.
Liberty is a demand. Tyranny is submission.
Zion has a lot too. But you didn't hear that from me.
the IMF are never ever goin to throw in physical gold with fiat paper.(SDR)
after the dollar collapses China might combine the two.
Obviously, China wants to continue accumulation and that means keeping it quiet lest the price rises before they are ready - whatever is is they're getting 'ready' for.