"No Gold Ever Leaves China ... They Are Hoarding It and Russia Is Buying It"

- U.S. China trade war escalates as Russia stockpiles gold on the Keiser Report
- Trump's erratic and risky trade policies pose a risk to dollar as reserve currency
- China, Russia "getting cosier" with Silk Road and increasing economic cooperation
- China and Russia "want to do business outside of the dollar"  and "dollar will finally reach its comeuppance"

- "No gold ever leaves China ... they are hoarding it and Russia is buying it"
- Makes sense to be "accumulating lots of gold"

In this final episode of the Keiser Report from Paris, France, Max and Stacy discuss if a genuine trade war has erupted between China and the U.S. and look at nations, including Russia, stockpiling gold and also cover our recent market update (June 21): Russia Buys 600,000 oz Of Gold In May After Dumping Half Of US Treasuries In April

In the second half, Max continues his interview with French journalist, Pierre Jovanovic, of Quotidien.com about the economic situation and France and political crisis in Europe.

The entire show is well worth a watch and commentary regarding the recent developments with Russia, China, US Treasuries, the dollar and gold can be watched from the start until 13.11 minute.

Full interview on Keiser Report here

 

Goldnomics Podcast – Listen and subscribe on YouTubeITunesSoundcloud or Blubrry

 

News and Commentary

Bloomberg Live Now: China-U.S. Trade War Kicks Off (Bloomberg.com)

Stocks Mixed as U.S. Tariffs Kick In; Havens Flat (Bloomberg.com)

Gold’s allure has been damaged by strengthening greenback for now (Bloomberg.com)

Gold ends higher for a 2nd session, slips in electronic trade after Fed minutes (MarketWatch.com)

Gold Is 'Invaluable' To Technology Sector, Higher Metal Demand Inevitable — WGC (MiningReview.com)


Source: Forbes

U.S. China Trade War as Russia Stockpiles Gold - GoldCore on Keiser Report (RT.com)

Inflation Is Back, Part 8: Labor Shortage Reaches “Critical” Point (DollarCollapse.com)

Unfunded Promises (MauldinEconomics.com)

Top 10 Countries With Largest Gold Reserves (Forbes.com)

The vital role of gold in technology (Gold.org)

Time to Buy Gold for a Trade (Investopedia.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

05 Jul: USD 1,252.50, GBP 946.89 & EUR 1,071.64 per ounce
04 Jul: USD 1,256.90, GBP 951.47 & EUR 1,079.80 per ounce
03 Jul: USD 1,245.85, GBP 944.85 & EUR 1,068.81 per ounce
02 Jul: USD 1,249.00, GBP 948.87 & EUR 1,072.39 per ounce
29 Jun: USD 1,250.55, GBP 950.29 & EUR 1,073.85 per ounce
28 Jun: USD 1,250.50, GBP 955.26 & EUR 1,081.68 per ounce
27 Jun: USD 1,256.80, GBP 951.40 & EUR 1,079.97 per ounce

Silver Prices (LBMA)

05 Jul: USD 15.95, GBP 12.04 & EUR 13.65 per ounce
04 Jul: USD 16.05, GBP 12.15 & EUR 13.78 per ounce
03 Jul: USD 15.93, GBP 12.08 & EUR 13.68 per ounce
02 Jul: USD 15.98, GBP 12.14 & EUR 13.73 per ounce
29 Jun: USD 16.03, GBP 12.20 & EUR 13.77 per ounce
28 Jun: USD 16.11, GBP 12.30 & EUR 13.90 per ounce
27 Jun: USD 16.21, GBP 12.27 & EUR 13.93 per ounce


Recent Market Updates

- Irish Gold Money Rings Found – Mystery Surrounds What May Be Ancient, Pre-Historic Currency
- Gold $10,000 In Currency Reset? Russia, China Gold Demand To Overwhelm Gold Futures Manipulation (GOLDCORE VIDEO)
- Italian Debt – A Financial Disaster Waiting To Happen
- As The Currency Reset Begins – Get Gold As It Is “Where The Whole World Is Heading”
- Buy Gold Or Bitcoin As The “Liquidity Party” Is Ending?
- Why Russia and Turkey Diversifying Into Gold May Signal A Bigger Global Shift
- London House Prices Fall 1.9% In Quarter – Bubble Bursting?
- Gold Exports To London From U.S. Surge 152% In 2018
- Manipulation of Gold & Silver by Bullion Banks Is “Undeniable”
- “Perfect Environment For Gold” As Fed Will Weaken Dollar and Create Inflation – Rickards
- Russia Buys 600,000 oz Of Gold In May After Dumping Half Of US Treasuries In April
- In Gold, Silver and Bitcoin We Trust? Goldnomics Podcast with Ronald-Peter Stoeferle
- Own A “Bit Of Gold” As We Are Moving Ever Closer To A Trade War
- Bitcoin Price To $0 Or $1 Million In One Year? MoneyConf 2018 Poll
- Cashless Society – Good or Bad? MoneyConf 2018 Video
- Do We Still Need Banks In The Age Of Fintech?

Comments

GoFuqYourself Kayman Fri, 07/06/2018 - 14:30 Permalink

If no gold ever leaves China, then how is Russia buying It ? On the Crimex ? I think not.

The headline is fiction. So is the graph showing the fantasy, unaudited central bank "holdings"

 

Edit: A week after Germany repatriated their gold, there was a small, brief news blip about how some WW2 ammo ordinance was found, and the entire area was completely evacuated and secured. What was inside the perimeter? Yup- you guessed It- the location of the newly repatriated gold. 

The dirtbag thieves couldn't even wait more than a week to steal it all again.

In reply to by Kayman

gdpetti GoFuqYourself Fri, 07/06/2018 - 15:29 Permalink

Well, there is this repeat: https://kingworldnews.com/major-alert-andrew-maguire-says-major-german-bank-just-refused-to-hand-over-clients-physical-gold/

MAJOR ALERT: Andrew Maguire Says Major German Bank Just Refused To Hand Over Client’s Physical Gold

July 06, 2018

It’s happened again.  London whistleblower Andre Maguire told King World News that one of the largest banks in Germany just refused to return a client’s gold the bank was supposedly storing for the client.

German Bank Refuses To Return Client’s 1/2 Tonne Of Gold
July 6 (King World News) – Andrew Maguire:  Eric, over the last few months we have been observing Swiss and German banks enforcing cash and gold withdrawal limits for clients.  Currently, Swiss banks are capping client cash withdrawals to between 100,000 – 200,000 euros.  Although the onus is placed upon individual banks to decide cash withdrawal limits for their clients, we have recently seen these limits enforced more strictlyThis has to be an unannounced official mandate as it is now being widely reported by our clients

And this is supposed to be the 'smart money'.... not so smart if they're waiting till now to seek 'safe harbor'.

In reply to by GoFuqYourself

Slomotrainwreck Buck Johnson Fri, 07/06/2018 - 19:55 Permalink

Everyone is buying gold and unloved silver bullion just sits in the corner unnoticed until someone finds out that there is more gold bullion available above ground than silver bullion. Of course the gold bugs will "have to" buy gold because unavailable silver is in the hands of the strong.

From JMBullion  via SRSRocco- You may be surprised to find out that there is perhaps less .999 fine silver bullion in existence today than .999 fine gold bullion. Although gold occurs less often in the ground, we humans do not use the same percentage of gold (9% of annual supplies) in industrial applications as often as we use silver (about 60% of annual supplies).

"Thus the gold to silver investment grade above ground supplies are nearly 1 oz to 1 oz in 2017. "

In reply to by Buck Johnson

GoFuqYourself keep the basta… Sat, 07/07/2018 - 16:18 Permalink

60 missiles x 500 ounces silver per missile= 30,000 ounces.

 

Here's a thread that discusses if the 500 number is accurate:

 

https://gold-forum.kitco.com/printthread.php?t=107554&pp=10&page=1

 

It seems that a lot of silver is being pulverized in the war machines bombs.

 

How ironic- the war machine is destroying precious REAL money en masse to enforce funny money.

In reply to by keep the basta…

keep the basta… GoFuqYourself Fri, 07/06/2018 - 22:26 Permalink

How is Russia buying gold? Russia is a major gold miner of the large Russian gold reserves.  It buys its own gold. It in  fact has bought only a small part of its own gold.

It sold off a heap of its us treasuries in May, then with the proceeds bought its own gold from its own minning company.

 Russia has been putting commodity export profits into buying its own gold. It cut back military spending by 20% in 2017 and spent around 70billion compared with USA 610 billion plus trillion. Building its own made in USA corroded on delivery planes.

wake up twit.

In reply to by GoFuqYourself

SoDamnMad keep the basta… Sat, 07/07/2018 - 03:02 Permalink

Why can't a giant country like Russia just transfer some 0 and 1 digits on it's computers to the mining companies and take the gold and put it in their "reserves' column. The mining companies take the balances and pay their workers, buy supplies and equipment, credit their profit and continue mining gold.  The "money out of thin air" like the US does is produced selling bonds within the country or to outside investors.  The gold reserves continue to grow in value on the Russian balance sheet.  

In reply to by keep the basta…

el buitre alexcojones Fri, 07/06/2018 - 19:28 Permalink

Kayman - Edit: A week after Germany repatriated their gold.......

The MSM has bullshitted everyone into thinking that Germany repatriated their gold from the NY Fed.  The truth of the matter, which was laid out very clearly at the time by ZH, was that they only got 20% and the remaining 80% still resides under Liberty Street, and certainly didn't go through that under the street tunnel from the NY Fed vault to the JP Morgan vault, now owned by our friendly Chinese partners, as Lavrov would so diplomatically put it.  When the Bundesbank asked the NY Fed for permission to send in their auditors to check their remaining gold, they were told to go fuck themselves.  It's amazing how few people, otherwise knowledgable in these issues and considered pundits, drank the Kool Ade with this one.  The NY Fed is going have to steal gold from 10 more Ukraines and 5 more Libyas to make good on the remaining German gold.  I wonder how much Iran has?

In reply to by alexcojones

BeanusCountus opport.knocks Fri, 07/06/2018 - 21:29 Permalink

Saw that Canada has sold all of their reserves.  Proof positive that everyone should hold some.  Kind of like a “Gartman” indicator.  But... Canada does have it right in one respect.  God knows they need the money so they sold reserves.  And in an emergency they would just nationalize the mines in Canada, which have decent reserves.  Frankly, would be a little nervous about a country that believes “your reserves are my reserves” if it came down to it.  Which is probably the US as well.  Lesson: Don’t listen to what they say, watch what they do.  Not a goldbug, but I do like it.  Beautiful.  My philosopy is if gold isn’t in my hands, I don’t own it.

In reply to by opport.knocks

cornflakesdisease Fri, 07/06/2018 - 13:04 Permalink

The dollar will collapse as soon as we run out of zero's.  It's a medium of exchange, not a store of value.

 

Collapsing since 1913.   The world's cleanest dirty shirt.

 

Funny, it's now 94% of world denominated trade though it was 50% when Reagan left office.

1952angus Fri, 07/06/2018 - 13:40 Permalink

Interesting, the way i understand it, is that the us has 1 tonne of gold and it is 100% of their reserves. I'm not sure what these reserves are?

jm Fri, 07/06/2018 - 13:42 Permalink

Why are YOU selling it, Goldcore?

Why are you selling it for USD?

If you are so convinced it can only go up, why don't you just hoard it like the Chinese purportedly do?

You are either stupid, or shilling a gold story to people you think are stupid.

 

 

mosfet Fri, 07/06/2018 - 13:45 Permalink

US is #1 in Gold holdings?  I call BullShit. Until there's a 3rd party audit of non-leased and non-repatriated US Gold holdings, they have NO reserves to speak of.