Jump to content


Photo

Conspiracy theories abound about China's gold purchases


6 replies to this topic

#1 Digger

Digger

    Premium Member

  • Members
  • PipPipPipPip
  • 365 posts

Posted 09 August 2015 - 02:45 PM

Conspiracy theories abound about China's gold purchases
 

Huge imports of gold have fuelled speculation about the mainland's intentions, including an alleged bid to launch a global monetary system China's huge appetite for gold has inspired dozens of conspiracy theories. They are all nonsense.

Yes, it is true that China has been buying an awful lot of gold recently. According to figures from Hong Kong's Census and Statistics Department, last year the mainland imported an impressive 1,497 tonnes of the yellow metal through the city.
Some of that gold came back again after being turned into jewellery, figurines of horses and the like. Even so, China's net imports of gold through Hong Kong last year were worth a thumping HK$409 billion. That's roughly 1,170 tonnes of bullion.

To put that into perspective, it's equivalent to 40 per cent of all the gold produced by all the mines in the world last year.
One reason these theories can gain traction is Beijing’s own reticence about its gold holdings

 

 

What about the Queen?

 

image_1399014946_540x540.jpg

 

 

Source Link

 

 


  • 0



#2 status - Guest

status - Guest
  • Guests

Posted 12 August 2015 - 01:09 PM

What are the implications of China using artificially inflated currency to purchase U.S. debt and real estate?


  • 0

#3 Digger

Digger

    Premium Member

  • Members
  • PipPipPipPip
  • 365 posts

Posted 12 August 2015 - 01:22 PM

Yesterday, immediately in the aftermath of the PBOC's dramatic devaluation announcement, we remarked the following:  
 
How about this?  Lots of movement going on.
 
South Korea, US to hold live-fire drills near North Korean border after mine blasts
 
SEOUL (AFP) - South Korea announced on Wednesday a series of heavy-weaponry, live-fire military drills with the United States as part response to a recent landmine attack blamed on North Korea.
 
Four exercises, involving tanks, howitzers, attack helicopters and fighter bombers, will be held in the coming weeks in an area around 30km south of the North Korean border, the Defence Ministry said.
 

  • 0

#4 status - Guest

status - Guest
  • Guests

Posted 12 August 2015 - 01:53 PM

Someone is getting rich!  Maybe a whistle blower with nothing to lose will tell all before the inevitable:

 

 
 
:o



  • 0

#5 status - Guest

status - Guest
  • Guests

Posted 12 August 2015 - 02:05 PM

What are the implications of China using artificially inflated currency to purchase U.S. debt and real estate?


  • 0

#6 Jesse Jimmie

Jesse Jimmie

    Admin

  • Administrators
  • 1,314 posts

Posted 12 August 2015 - 02:09 PM

What are the implications of China using artificially inflated currency to purchase U.S. debt and real estate?

 

Important rhetorical question! Policy shifting and spooky reforms.
The DOW is manipulated by design, follow the S&P 500 etc.
Watch the short term treasury bonds.

 

:)


  • 0

To Cluck or not to Cluck, that is the question...


#7 status - Guest

status - Guest
  • Guests

Posted 18 August 2015 - 08:40 AM

The Chinese have full control over the "manipulation" of the gold and silver prices. There is a huge battle going on between East vs West right now in the silver markets! Watch!

jrk3uHF.jpg


  • 0



Reply to this topic



  



Similar Topics Collapse

IPB Skin By Virteq