Authored by Rory Hall via The Daily Coin,
One of the many themes we support at The Daily Coin is the constant progress happening across the emerging markets, especially the nations involved the Eastern economic alliances like BRICS, BRI, SCO, EAEU and the like. These nations under the direction of China or Russia or a combination are laying the groundwork to be the driving force of the 21st Century and beyond.
We also continually report on gold moving from Western vaults to all points East. Most recently we discussed Kazakhstan and the importance of this nation both from a geographical position as well as natural resources like gold, rare earths and a wide variety of other elements within the borders of this growing nation.
Gold always has our attention as the rules/laws surrounding gold have not changed. While most people, especially in the West, have forgotten these rules that does not mean they have changed or been overturned.
One law that has stood the test of time is the golden rule – he who has the gold makes the rules. We also like the fact that JPMorgan, the man not the bank, stated in a congressional hearing that “gold is money and everything else is credit”. These two rules/laws working in conjunction with one another make for a formidable alliance. When you have natural rules/laws working together and nations begin forming alliances using these rules/laws as a foundation the rest of the world should take notice, but alias the Western world is more focused on “russia did it” than what Russia is actually doing.
“We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed gold trading. The BRICS countries (Brazil, Russia, India, China and South Africa) are major economies with large reserves of gold and an impressive volume of production and consumption of the precious metal. In China, gold is traded in Shanghai, and in Russia in Moscow. Our idea is to create a link between these cities so as to intensify gold trading between our markets.” Source
At this point it is well documented that China and Russia have been acquiring gold, swapping gold between countries through each nations banking system and recently announced their intentions to assist the three other BRICS (Brazil, India and South Africa) nations in building their gold reserves. China and Russia also announced their desire to open BRICS gold exchange/markets in Beijing and Moscow. Why all this focus on acquiring gold, storing gold and assisting other nations in doing the same? It has been made very clear, by President Putin and the Russian government, that Russia sees the Federal Reserve Note as threat to their national security and decreasing their dependence on Federal Reserve Notes as trade settlement is a top priority.
Now we see the golden fruit of Russia’s gold acquisition efforts in 2017 as being the biggest year ever since Russia began reporting their gold holdings.
In November the Central Bank of Russia added 900,000 ounces (27.99 tons) of gold to her reserves, raising her total to 1828.88 tons or 58.8 million ounces. In October 2017, the Central Bank of Russia added 700,000 ounces (21.77243 tons) of gold to her reserves. In September 2017, the Central Bank of Russia added 1.1 million ounces (34.2138 tons). In August 2017, the Central Bank of Russia added 500,000 ounces (15.55 tons) of gold to her reserves (56.1 million ounces). In July, the Central Bank of Russia added 400,000 ounces (12.44139 tonnes) of gold to reserves after adding 300,000 ounces (9.33104 tonnes) of gold in June and 700,000 (21.77 tonnes) of gold in May. In April, the Central Bank of Russia added 200,000 ounces (6.22 tonnes) after adding 800,000 ounces (24.882 tonnes)in March, 300,000 ounces (9.331043 tonnes) in February and 1,000,000 ounces (31.104 tonnes) in January. Source
Click chart to Enlarge
At the current pace Russia will pass China in global gold holdings and take the sixth position within the first 2-3 months of 2018. This simply shows how aggressive Russia is towards acquiring gold.
Also of note, if Russia continues this pace of acquisitions she will pass France in early-mid 2021 and be in 5th position, assuming that China doesn’t, once again, begin adding to their “official” gold holdings.
We believe China is adding gold to her gold holdings each month, just not to the “official” gold holdings that are reported to the IMF.
Comments
We like the bright shiny stuff here on Zerohedge.
The analysts at the you know where seem to know exactly when to buy and when to sell.
Golden rule?
Didn't we have it for thousands of years? And it never worked.
Also, I used to buy gold in Brazil to hedge inflation but, when I went to sell it, it was a nightmare. The buyers nickel and dime me to death. Also, it's impossible to know the quality and content unless you melt it.
In the 1980’s buying and selling dollars in Brazil was the best bet. But, there were lots of fake dollars that were brought in by Americans working in Brazil.
Gold reminds me of free market: Good theories but totally unworkable in the real economy.
In reply to We like the bright shiny… by Wise Gold
You're right - best stick with the dollar. At least with national currencies, the government is there to help.
Sometimes I wonder why you are here, and other times, it seems entirely evident.
In reply to Golden rule?… by Escrava Isaura
i wonder how trolls get paid ...
one way could be by the number of posts ... but some of them might be better than the others, and one good post might be worth 100s cheap posts for the sponsor ...
however, at the end i suppose the aim is to spread disinformation and probably there is no way to quantify the impact they have made ... for example the impact of few thousands dullars spent by russians on similar trolling had the effect of electing the US El presidente ... so i guess go figure ... my two cents
In reply to You're right - best stick… by OverTheHedge
gold had real value, if you are able to protect your holdings and sell them at the right price for the fiat of choice at a given time. Security and stock rotation. The most difficult goals to achieve.
As with illiquid stores of value: never try to sell them when you need money, you're always going to end up broke. Be a Jew.
Now if there is any official gold market on which volumes are high and that is not polluted by derivatives or paper gold, we may see its value go up for good this time. It's a gamble but so are cryptos; in the current state of the international economy I don't see this as an impossible thing, bar ww3 of course because the land of the fat lady will not go down in history without putting up a fight with their LGBT forces.
In reply to i wonder how trolls get paid… by Pandelis
Cheap way to convert the imaginary into the real.
Smoke into substance.
In reply to gold had real value, if you… by shitshitshit
As a nostalgic old fart, I am rather enjoying the public side of the process of revamping Zero Hedge web site.
In reply to Cheap way to convert the… by Arnold
I remember the old days when every comment had a number, and you could easily find your own old stupidity by reference number.
In reply to As a nostalgic old fart, I… by Arnold
In the old ZH days one could view the trail of one's own comments only, making viewing of responses very easy.
DavidC
In reply to I remember the old days when… by Arnold
"Russia sees the Federal Reserve Note as threat to their national security and decreasing their dependence on Federal Reserve Notes as trade settlement is a top priority."
Every nation needs to think this way.
In reply to In the old ZH days one could… by DavidC
Gold does have intrinsic industrial value HOWEVER.......many of the points Isaura made are valid.
For example with JM bullion I inquired about the 1 oz bar and removing from package:
Q- if I remove from package to test and I find it to be fake will you refund
A - no only if it is in the package
Q - how am I supposed to test it if it is in the package?
A - ........... dead air
Now I'm sorry but leaving it in the blister pack is not an option. I'm not going to take anyone's word for it. I'm going to do all the tests I can do to verify because you know sooner or later .....
So JM put themselves in the category of "stamp collecting" as far as I see it.
In reply to … by BennyBoy
I'm making over $15k 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://disq.us/url?url=http%3A%2F%2Fwww.Jobzon3.com%3Ab8eR_DQLwGRPVGtFv…
In reply to Gold does have intrinsic… by DownWithYogaPants
the upper hand of trading is from a position of no debt. be it jewish or indian. cultural bearing has a lot to do with it. average merikan is a financial retard. upside down on depreciating assets.
the home is the only hope for merikans future. when social security is reduced, the reverse mortgage will be the cash cow.
pensions will be going bust. the government will be in turmoil trying to fulfill promises that can't be made. treasuries will tank and the zombie future will become the present with pockets of security primarily in the rural areas...
plan on it. 20 trillion says so. go trump, spend it like a drunken sailor. infastructure next, cause we know guv.org allocates money soooooooo well...
In reply to gold had real value, if you… by shitshitshit
Gresham's Law.
Use the shit, save the real money.
In reply to gold had real value, if you… by shitshitshit
Working for a government or a Soro's linked group!
Article is a joke. China's internal gold production volume is never actually reported. The gold never leaves china, yet they mine a lot of it. Holding out for a future date....
In reply to i wonder how trolls get paid… by Pandelis
'I wonder how trolls get paid', ask and you shall receive, Mathew 7;7 approx
http://www.worldofbuzz.com/can-actually-paid-troll-social-media-pays-rm…
In reply to i wonder how trolls get paid… by Pandelis
by dethroning the dolla, a new regime will take hold. and i will guess they will follow the same process of eventually backing it with military threat until corruption exhausts that promise. talk to me in about 100 years, if wars/famine doesn't wipe out half the population first...
In reply to You're right - best stick… by OverTheHedge
With the purposeful blindness of the those whose choice is to eschew any form of political awareness....
in order to place all their cerebral resources at the service of merely.... sellin...
our guy "Rory" references Kazakhstan as if it were a place where streets are paved with shiny stuff... and the people never grow old! In truth, the place is a wasteland, nucleated to death in Soviet era madness... and after that miserable episode, set upon by a horde of hungry talmudists who rushed in to buy up all the resource companies cheap - just as in mother Russia...
and sell dear ... thru their associated companies in the west. Take Trump good buddy Tevik Arif... local tribalist and social parasite... who simply scooped up the low hangin fruits... through the usual methods... then moved offshore with the loot, becoming a 'good citizen' of Turkey, like good buddy Reza Zarrab...
livin the playboy lifestyle with imported Ukranian 'models' aboard yachts as freebies for friends... a modus operandi o so reminiscent of another Drumpf good buddy Jeff Epstein...
who of course... covered ALL the bases with his Clinton crime crew friendships... jus like Tevik and the rest of his dually citizened crew hang with the top of the moscow totem as well as the jihadi crew.
Tis jus what russo-talmudic maifya types do!
But... let's not talk about that.
Zuckerburg/Adelson 2018
Hurrah!
In reply to You're right - best stick… by OverTheHedge
After he and his wife donated over $50 mill, Adelson already owns the Trump Presidency.
Zuckerberg bats for the other team and, as one of the few people less likeable than HRC, would guarantee a second term
In reply to With the purposeful… by BobEore
After he and his wife donated over $50 mill, Adelson already owns the Trump Presidency.
Zuckerberg bats for the other team and, as one of the few people less likeable than HRC, would guarantee a second term
In reply to With the purposeful… by BobEore
I'm having a hard time coming up with the solution too.
In reply to With the purposeful… by BobEore
"Didn't we have it for thousands of years? And it never worked."
You are really a bit confused. Do you mean if you have 100 USD in gold you can make a rules? Geeeeez!
In reply to Golden rule?… by Escrava Isaura
The poster is talking about Shepwave gold trades I think. They give buy and sell triggers that have a good record on past.
In reply to Golden rule?… by Escrava Isaura
"Never worked" is a surprising over-step by the normally lucid Escrava Isaura; perhaps, he's using hyperbole?
Looking at the purchasing power rate-of-change between the gold (dollar) revaluation of Roosevelt to Nixon, convinces me that gold corralled runaway political ambitions intent on using my slave labor for their crafty charity projects. Since Nixon tore down the last guardrail, the charts show the gnarly Pirate Blood-lust Gnashers opening huge, gaping wounds. I stand aghast at the life-generating purchasing power of generations spilling haplessly on the ground.
In reply to Golden rule?… by Escrava Isaura
How do you equate what is happening today to 30-40 years ago?
And I am sure the dollar exchange deals were never nickel and dimed. It will be what it will be.
In reply to Golden rule?… by Escrava Isaura
Yeah I was a rookie too, bought some shiny wrapped tungsten w/o knowing it.
In reply to Golden rule?… by Escrava Isaura
Correct if you are a small fish and coin then is the only way to go. [St Gauden {Indians}]
In reply to Golden rule?… by Escrava Isaura
"Escrava Isaura" in Brazil means "infected excrement".
Explains much.
In reply to Golden rule?… by Escrava Isaura
Kazakhstan. Tell us again about their $22B that a US Judge has frozen, due to an EU Judge ruling in favor of a sawsuit by a Moldovan (((billionaire))).
Anyone who exposes his country to such danger, should have his DNA and that of his descendants erased from the gene pool.
In reply to We like the bright shiny… by Wise Gold
The link tool not working. Shepwave is calling gold.
So far they are. Just read Friday's report. Next week will be interesting in all markets.
In reply to The link tool not working. … by Wise Gold
Is it me but this reminds me of a scene from Goldfinger
I have a couple of vintage gold coins. When will they be worth something?
Gold may slip out of the paper lasso this year - 2018.
Petroyuan - Shanghai exchange combo may not replace the petrodollar, but will substantially damage it.
Buy silver. It is safer.
You might as well say:
"If you buy sand or gravel, I promise you it will not crash in price by 40%.
Of course it won't go up by 4000 % or even 40%, but at least it won't crash.
Invest in rocks and sand."
/sarc
In reply to Buy silver. It is safer. by louie1
The argument is that there is a substantial industrial market for silver in modern products, plus a healthy amount mined each year.
Silver is an in demand and active industrial commodity.
In reply to Buy silver. It is safer. by louie1
How much gold do we have?Ha our vaults are empty but we claim to have tons of it. If that's true- AUDIT AND SHOW IT. Heck, I would be proud of it if I had it. I would want to show it off!
So Western bankers love the Chinese and the Russians so much that they are essentially giving their gold away to them for free (at cost)?
Lies.
China, like Russia, is not pro-gold in reality and acts in collusion with the BIS, IMF, 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 backstop and bestow legitimacy to 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.
Ok, but if you are right, why is Russia buying gold? Shouldn't they be buying us treasuries hand over fist, like good little Muppets?
In reply to So Western bankers love the… by Maestro Maestro
Russia is buying local Russian gold as per the instructions of the City of London AND for the account of the City of London bankers who own and control the Russian central bank.
The result being 1)gold is bought with Russian taxpayer monies and transferred for free to the international bankers; 2)gold is not monetized but instead criminally privatized into the thieving hands of the bankers as their ultimate insurance policy. If TSHTF and the bankers' fiat system fails, the bankers will start saying things like, 'gold is money; everything else is {bad} credit' and will make you pay 10,000 times you're paying now for gold.
Russian buying of gold = accumulation of Russian gold for free by the bankers
In reply to Ok, but if you are right,… by OverTheHedge
Your articles are 10 years old. Geeez, wake up!
In reply to So Western bankers love the… by Maestro Maestro
1. The facts contained within them have not changed.
2. Very few such articles were published and they were all quickly hidden from the public's eye.
3. There is no reason for you to attack the messenger unless you are part of the problem yourself.
In reply to Your articles are 10 years… by hestroy
...bingo more or less.
Elections in Nepal!...well, 'ya never, ever fuck with thy currency!'
In reply to So Western bankers love the… by Maestro Maestro
The human race is an abomination.
In reply to ...bingo more or less… by screw face
Russia and China simply buy their own current national gold production, not on the global Exchanges. Win-win
In reply to So Western bankers love the… by Maestro Maestro
True. The flow of gold from the West to the East is a myth, a lie. The East and the West are both controlled by the SAME bankers anyway.
Russia = USA
In reply to Russia and China simply buy… by opport.knocks
A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn was charged and jailed in the US for sex crimes on May 14th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox was ‘missing and/or unaccounted’ for.
According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs) as an alternative to what are called reserve currencies.
This FSB report further states that upon Strauss-Kahn raising his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the Central Intelligence Agency (CIA) who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’.
Upon Strauss-Kahn receiving the CIA evidence, this report continues, he made immediate arrangements to leave the US for Paris, but when contacted by agents working for France’s General Directorate for External Security (DGSE) that American authorities were seeking his capture he fled to New York City’s JFK airport following these agents directive not to take his cell-phone because US police could track his exact location.
http://www.eutimes.net/2011/05/russia-says-imf-chief-jailed-for-discove…
In reply to So Western bankers love the… by Maestro Maestro
So why did Putin not prevent the death and mutilation of millions of Syrians and Iraqis simply by publicly repeating what you just said?
Putin could stop the American death machine on a dime by obeying Article 1, Section 10 of the United States Constitution and refusing to sell valuable Russian oil for his purported enemy's worthless dollars. (What do the Russians need dollars for anyway?)
Putin = Trump
In reply to A new report prepared for… by Justin Case
China may not want the price of gold to move higher because the dollar would probably be dropping as well. That is not good because the yuan may get bid up somehow. Can't have a strong currency if you are a lender holding billions of dollars denominated debt
Pagination