# Neck and Neck: Russian and Chinese Official Gold Reserves

Oh my! Tis Sunday night in Gulagistan...

and therefore, we are treated to multiple replays of our fave serials - "Gold is Cheap" followed by ... STARSKY N DUTCH!

gotta luve the "goodcop/badcop" dynamic that our bullion merchandiser "BS" serves up on these pages.

Ronan - a rigorously correct fact-chaser who seldom reaches for the rhetoric button, in his quest for clarity within the 'opaque world o gold'...

and "hate crime victim" DUTCH KOOJAN ... popularity-chaser extraordinaire, and a clear follower of the GORDON DUFF "40% DISINFO" skool of reportage. Together, our wacky bouys in blu crack open more cases than Eddie Murphy an the BH detectives!

Here's an understatement of the decade contender...

"The historical track record of the Chinese State in sporadically communicating the size of its monetary gold holdings shows that there has often been a large gulf between the true size of its gold reserves and what the Chinese claimed to have via its piecemeal and rare updates."

This just in!

All "Central Banks" are tied into the same "k/j \zharian mafiya network .... they ALL lie... all the time. So...

those roadkill warriors here who laughably worship at the feet of "good" Central Bankers wearing "panda" or other "bear" outfits...over top their BEAGLE BOY masks... and the 'gold gurus' who shill for them

are not just immune to any sense of IRONY...or self-reflection, but lack even a whiff of CRITICAL REASONING skill, not to mention the slightest sense of humor. And will continue to rigorously/righteously adhere to the false doctrines whereby bagholders mingle with their pie-eyed pipers on these pages, joined in a jerky danse macabre at a BALL OF THE RED MASQUE poe-type novella,

till they all fall down... in final rigor mortis, on the side of a highway to hell once called
GOLDBURG... where the streets where paved... with BS>

BobEore Mon, 10/23/2017 - 10:14 Permalink

Maybe the Chinese and Russians are liars.  Maybe Koos is a liar.  Maybe BobEore is a liar.  When data gets confirmed by multiple independant sources it tends to be more credible.

Latitude25 Mon, 10/23/2017 - 11:35 Permalink

And then...
it was gone.

After a full day of driving stock down to the coast, from our mountain quarters... I figured I'd end the day with a looksee at what the wind blew in...

in the next sequence of our BS soap opera. Nuthin in the nets. And like close to a dozen other GOLD RELATED posts this year that have NEVER LEFT THE TARMAC... cause o ol Bob delivering another bullseye which left the media masterz with NO OPTION... CEPT TO "puLL It!" tHIs here BS post seems to have disappeared real quick.

Weaker n weaker... our cast of villains be. And I'll drive them down too!

My pants ain't on fire... my nose ain't growin... and I gots one particular mission to finish here fore I says goobye... for good...to the Gulagistanis. There's nobody left, reporting from on the ground... in good ol journalistic style... cept me.

Truth in media. \it don't need no multiple sources. Just one guy who wouldn't lie down and take his 10 shekels o silver. You don't like it... you can always drink the Foolaid!

I Feel a littl… Mon, 10/23/2017 - 20:40 Permalink

And ...
it's back! Had a feeling they could be induced into dragging the thing back from the dead!
And look@@ee...

finally sumthin in the nets!

U sound upset lil feeli fella - you wouldn't be a "stakker" woulds ya? Good to see....

some of yas still writhin and moanin on the roadkill roadside to hell. Place just won't b the same once youse ALL gone! Rant on runt!

In reply to by I Feel a littl…

I have never heard A coherent explanation as to why the amount of gold reserves A country has is meaningful. Small ones like it could be used to back up currency, but the amount of gold that exists and can be mined is small compared to the amount of currency A modern multi trillion dollar economy exchanges. Maybe if gold rises to A million dollars an ounce then it could work, but the whole thing doesn't make any sense.

LightBulb18 Mon, 10/23/2017 - 11:38 Permalink

You just divide the amount of currency you issued by the amount of gold and silver you possess to expose the degree of fraud you committed.

OR

Just declare how much gold you have backing how much currency you issued and we'll know how much each unit of your currency is worth in terms of gold and silver.

In other words,

Insidious piece of shit hasbara troll,

All you need is DIVISION

In order to back your monetary mass with gold. Even with just one fucking ounce of gold or LESS.

Just divide, insidious moron.

LightBulb18 Mon, 10/23/2017 - 11:39 Permalink

I am no expert, but will offer this: - Gold (and silver) have been recognized as stores of value and real money nearly as long as human beings have bought, sold, traded, bartered, etc., in a civilized manner.- Gold doesn't 'rise' to anything, let alone dollars.   The inherent and recognized (above) value of gold simply reflects the state of a nation's currency - and/or reckless profligacy.- If a nation holds a significant and verifiable amount of physical gold under its possession/sovereign ownership, other nations will view their currency as 'safe' or a vehicle in which to trade/do business with confidence.    This last point is perhaps the most important in answer to your '$Trillion dollar economy' comparison. The$Trillion dollars being simply a representation of an inflated/debased currency, when in reality, the Trillion dollar economy could very well be a Billion dollar economy if fairly valued.Up to now, everyone in the global economic sphere has 'played along' with the Bretton Woods scheme, but that is owing mostly to geopolitical stability and 'fealty' to the system.   That is all changing now.    Russia and China aren't massively accumulating gold out of stupidity or economic ignorance, that you can be certain of.

So fucking what? NOBODY and NO GOVERNMENTS have gone back to a gold standard? Until that actually happens this means nothing.

Latitude25 Mon, 10/23/2017 - 10:43 Permalink

It will seriously limit the amount of new money useless fucking paper-pushers in banking and finance can create. Thus preserving the purchasing power of people's saving and 401ks.as the saying goes..."Full Faith and Credit" What good it is to be a millionaire if your millions won't buy you shit?

LawsofPhysics Mon, 10/23/2017 - 11:03 Permalink

So in a gold standard you want the price fixed at some value that you desire or at some value that colluding bankers desire?  It's unlikely that the little guy will triumph but you can keep hoping.  You want it fixed at $10000 per ounce even if the bankers keep printing money willy nilly? In reply to by LawsofPhysics Latitude25 Mon, 10/23/2017 - 11:27 Permalink No. 1) You fix the price in terms of grams or ounces of gold and silver. In other words, in units of specie and NOT banker fiat digits aka as dollars, euros, roubles, or shekels and dinars. 2) Which precludes the bankers and their treasonous governments (that's ALL fucking governments extant bar fucking NONE) from issuing unlimited amount of cryptos or fiat, same fucking difference. Now tell me you don't understand. In reply to by Latitude25 Maestro Maestro Mon, 10/23/2017 - 11:37 Permalink "precludes the bankers". In your dreams. Whatever happens you'd better start figuring out how some alternative system will be set up that the bankers approve of unless you really believe that they will lose their power. I don't hold that illusion. In reply to by Maestro Maestro Maestro Maestro Mon, 10/23/2017 - 11:51 Permalink Your response and downvote indicate that facing possible alternate future realities is not one of your strengths. International bankers have a proven track record of being extremely creative and successful in perpetuating a fraudulent usuary system. In reply to by Maestro Maestro Latitude25 Mon, 10/23/2017 - 13:53 Permalink Everybody knows that the bankers are directly to blame for the next major economic and financial crisis. That's why the bankers are scared shitless and manipulating asset prices always to the upside (except for precious metals) as if their lives depended on it. Because it does. No high-ranking banker went to jail for the 2008 debacle, as far as I know. Lots of bankers won't be going home when the next crisis hits. Dead men don't set the rules. No matter how crafty they were in their previous life. Go get some fresh air. In reply to by Latitude25 Latitude25 Mon, 10/23/2017 - 17:15 Permalink The bankers' gambit is predicated on endless economic growth, endless creation and assumption of debt, and the fooling of all of the people all of the time. I am not interested in playing games nor winning per se. You tell me whose position is more sound. In reply to by Latitude25 Maestro Maestro Mon, 10/23/2017 - 18:00 Permalink The bankers will just reset it to their liking. It's not necessarily more sound, just much more likely based on history. Sure what you say follows the zh approved script. That does not mean that's what happens. In reply to by Maestro Maestro Latitude25 Tue, 10/24/2017 - 07:00 Permalink I apologize for having insulted you previously. It was unwarranted. However I disagree with your belief that bankers are supermen impervious to kryptonite. I shared my opinion as to the why all over this comments' thread. In reply to by Latitude25 Maestro Maestro Mon, 10/23/2017 - 20:46 Permalink Good to see yu makin some headway gainst the headwinds here MM! But don't be harsh with our buddy Lats - unlike the legion of legendary loons who populated these pages with their endless sockpuppet bs for close to a decade now... at least he is willing to put forward an idea or two without directing quotation out of the BIGGOLD script! Hard to find ... anymore In reply to by Maestro Maestro Maestro Maestro Tue, 10/24/2017 - 05:39 Permalink Interestin. Readers: take note. Man = person of the male persuasion not ever afraid to pologize. Metalhead retards who pimp for the moneypower = never say their are sorry. Never admit to being wrong bout anything. Never show remorse for leading fellow metal holders to the graveyard... and when challenged by irrefutable evidence of their own retardation... invariably double down on their own bullshit! In reply to by Maestro Maestro Latitude25 Mon, 10/23/2017 - 11:30 Permalink A gold standard means the bankers' charter to steal is revoked. Now tell me you're insidious and devious enough not to understand this. 1) You fix the price in terms of grams or ounces of gold and silver. In other words, in units of specie and NOT banker fiat digits aka as dollars, euros, roubles, or shekels and dinars. 2) Which precludes the bankers and their treasonous governments (that's ALL fucking governments extant bar fucking NONE) from issuing unlimited amount of cryptos or fiat, same fucking difference. In reply to by Latitude25 LawsofPhysics Mon, 10/23/2017 - 11:04 Permalink Not that I disagree, but for reference, shits and giggles, one needs to compare the Russian gold reserves to that of countries with comparable GDP: Australia or Canada.Australia's and Canada's reserves are practically non-existent above ground. All their reserves are left underground, to be mined as needed for commercial, industrial and consumer use.Unless Russia and China plan to go to a "Gold Standard" in the future, and this is just the build-up for that event, it's probably a reasonable supposition that they are ramping for defensive purposes. 'Defensive', in the sense that the US may use gold reserves as an offensive weapon on a currency or economic war. Not bloody likely, but you never know what those devious (((hobgoblins))) might do. In reply to by LawsofPhysics Mon, 10/23/2017 - 10:40 Permalink This article is a waste of electrons. The official gold holdings is about as reality based as the Warren Commission Report or the 9/11 Commission Report. Both China and Russia have at least 15 times their "official" holdings, and Fort Knox has a 55 gallon drum filled with 90% gold coins and a lot of cannisters of poison gas - the rest has been stolen by our glorious leaders. Russia and China are both "banking" on the idea that the planet will reset to a gold backed standard. The price of gold, of course, would shoot up, but not as much as some critics estimate, as in the implosive reset, most credit will go to money heaven. Mon, 10/23/2017 - 11:08 Permalink "...the sovereign gold holdings of China and Russia are the world’s 5th and 6th largest." Go back to sleep, BullionStar... Mon, 10/23/2017 - 11:18 Permalink No. China and Russia are not the good guys either. In fact, China and Russia are only playing good cop, bad cop with their partners, the Americans and the Europeans. China, like Russia, is not pro-gold and acts in collusion with the COMEX and LBMA to suppress the price of gold. When gold goes up in price, it will be against the will of the Chinese, the Russians and the Indians. The BRICs are all IMF member countries and are thus forbidden to monetize gold, or link their currencies to gold, or use gold as a trading or exchange mechanism: http://m.beforeitsnews.com/silver/2016/04/how-the-imf-forbids-the-use-o… http://www.24hgold.com/english/news-gold-silver-why-does-the-imf-prohib… India recently collaborated with Western bankers and following the West's instructions, temporarily destroyed the purchasing power of its own Indian population by demonetizing physical cash, under the guise of eliminating tax evasion and cash-only criminal activity. This has had the effect of crashing the gold price by temporarily removing the Indians from the gold market, exactly when the Trump inauguration lit a fire under the gold price. The Russians never abstained from using dollars even at the time of the communist USSR! If they did not demand gold for their oil during the Cold War, why would the Russians do it now when the Russian central bank is owned and controlled by the City of London banking establishment since the creation of the new Russian Constitution under Yeltsin? The Russians are forbidden to issue their own currency the Ruble without permission from Western bankers and the Russians can only buy US Treasuries with the dollars they get for their oil, not gold. There are more dollar assets than Rubles in Russia: http://anonhq.com/checkmate-central-bank-russia/ http://www.pravdareport.com/russia/economics/30-12-2014/129431-usa_russ… The gold price would have skyrocketed if the Russians and the Chinese were buying gold hand over fist as alleged. Why do you think that Western bankers would give gold away at or below cost to their purported enemies? Unless they were not enemies in reality, and just partners playing good cop, bad cop for the purposes of fooling and manipulating their unsuspecting respective populations? http://www.mygen.com/users/ufo/Mao_was_a_Yale_Man_2.html Why do the Russians never ask the Americans to leave Syria where the Americans are illegal invaders under international law? Why did the Russians never prevent the Israelis from attacking their allies the Syrians? The Shanghai Gold Exchange is a fraud designed to legitimize the fraudulent COMEX "discovered" gold price. Goldman Sachs and JPM never could have manipulated the gold and silver prices lower without active Chinese collaboration. That the Shanghai Gold Exchange is a physical only market is a LIE: https://www.sprottmoney.com/blog/the-new-shanghai-gold-exchange-does-an… The Chinese government defrauded and stole from their own Chinese citizens by encouraging them to buy gold at the top. The Chinese bankers then colluded with JPM and Goldman Sachs to crash the gold and silver prices. Large amounts of physical silver were leased out and sold into the physical markets by the Chinese authorities as well: http://www.silver-investor.com/charlessavoie/cs_july04.htm http://m.digitaljournal.com/article/279166 http://www.dnaindia.com/money/column-china-urges-citizens-to-buy-gold-a… Do not forget: It's the international ruling classes against the common folk. That's the real meaning of globalism. Mon, 10/23/2017 - 11:28 Permalink I'm amused by the 1.77% gold-to-GDP ratio. The reciprocal is 56.5:1.That's mostly symbolic, than of any real significance. That's no real linkage between fiat Money and Gold. Unless you revalue gold to the Stratosphere. Even at 50% (2:1) ratio, the gold re-price would have to jump to (50/1.77)*$1275, or $36,000/oz.Not gonna happen. And forget about 100% (1:1) ratio, or$72,000/oz.All I can see, is that the CBs are jokeying, to avoid a comparative disadvantage, i.e. to be on a ratio-parity for defensive purposes -- and no more.BTW, if you kept pace with these CBs, then your 1.77% Gold-to-Annual_Income would look rather puny. If, say, you grossed $100k/yr, you'd need to have$1,770 in gold. Whopee! How's that for context and perspective?

Silver is money, gold is collateral.  You can't back your currency with silver because they tried that and the banks' vaults were stuffed with morgans to the rafters.  People preferred lightweight folding currency. Back the currency with gold and every fiat paper country comes for it with a boatload of paper with the ink still wet. It's a diabolical conundrum, trying to have honest, stable money.You can't even discuss it without writing a book... So to keep it short,Start off by hanging the bankers and keep hanging them until they create a tolerable system.They're so savvy, I'm sure they could come up with one.  After a couple thousand twist in the wind.

Conax Mon, 10/23/2017 - 22:10 Permalink

Re.. "Start off by hanging the bankers and keep hanging them until they create a tolerable system." "Keep hanging until..."?No, just hang them. Your sentence states that money should remain their dominion, and that we should merely 'tighten' (pun intended) our Oversight.Hang 'email all, and let (((their desert storm god))) sort them out!

The headline word that popped out to me was "official".  The official rate of inflation is 3%, the official rate of unemployment is 5%, and lie after lie after lie. Basically all governments have psychopaths and sociopaths running the show.  Their word is no good and cannot be trusted. Ever.

Russia and China both together have more then 5 times the qty, USA claim to own.As we all know, indeed there´s not a single ounce left in US vaults.Even more ugly, they spent gold that is not their own as Germany´s Ukraines´and much more.Criminals als always since the founding of US.

Give it a rest bugs.  As long as western central banks exist, can print ad-infinitum, and paper short non-existent gold into the mud, pet rocks are going nowhere.  Wake up folks, you will take their paper, and you WILL like it.

Turn question around.How is THIS world gonno handle THIS wonderful unpayable dept?Any idea?Whatabout.......G.Before critics.....find better way.

I believe these .gov numbers as much as I believe every other number they put out - 0

Love the name "Ronan Manly." Seems almost from an Austin Powers movie.My question: HOW believeable are the Russia & China tonnage when we cannot even trust US estimates?Anybody can make up numbers and as Bluskyes wrote, .gov probabaly does.

alexcojones Tue, 10/24/2017 - 11:10 Permalink

The Russians and the Chinese are in bed with the Americans. The Russians betrayed us all worse than than the Americans. It's starting to come out into the light. Gold could never have gone down without active Russian and Chinese collaboration with the Americans. From the Jews' mouth:

https://www.debka.com/kurds-win-syrian-oil-secret-us-russian-deal-prize…

"Neck and Neck: Russian and Chinese Official Gold Reserves" More Propaganda from BullionStar. no one knows China's Gold Reserves.

China's Gold Facts:
1. China was mining Gold before the Europeans around 3000 BC.
2. Once again, China was the largest producer of gold in the world, mining 455 MT in 2016. The country has now held that position for 10 years in a row.
3. China started hoarding Gold over 25 years ago to increase their Gold Reserves.
4. The SAFE data of China's Reserves at 1,800 tonnes is nothing by Globalist's propaganda lie.
5. The real gold estimates are between 15,000 tonnes to 50,000 tonnes. There is even on theory that the old wealth of White Tiger Family may have 100,000 tonnes of Gold.
6. Someday the world will find out what China's real Gold Reserves are and it will thousands of tonnes more than whats left in Fort Knox.