Foreign Custodial Holdings of US Treasuries continuing to Climb
While these holding have not been skyrocketing upwards as they did from 2008 to 2013 (see the chart below) there has not been any significant selling of US Treasuries. As Trader Dan points out, there is weakness in pretty much everyone other currency out there.
We all think/know that the US dollar will be taken down sooner rather than later however until we see a significant decline in the chart above don’t expect it to happen tomorrow.
What does it mean for gold? Click here for Trader Dan’s comments.
The $ price of the 261,499,000 ounces of gold held by the U.S. (if they have it), would have to go up about 8.9 times (based on $1285/oz) in order to cover that foreign held debt —IF it were covered now. In a few more years, who knows what the price would have to be?
We trust the Fed has all that gold and we also trust the debt is as small as advertised.
Hahahhahhahhahahhahhahhahahhahhahaa
My point is that gold is very cheap right now and is going much higher long term; what’s yours?
We can believe everything the Fed says.
Yes,we can.
Get some insurance against theft.
Of course there is a viable alternative to the US$, when the Chinese ring the America market with Yuan trading zones and back the Yuan with precious metal.
Well, you can count on the Rooskies not increase their holdings of Amerikan funny money gummit debt.
Putin vs Obama. You decide.
http://www.rense.com/general96/putinvobama.html
America vs Russia
Those buying US Treasury bonds are 1.) beholden to the US/UK governments, 2.) not wanting to upset the status quo, 3.) paying the US back for all the trillions they used to bail out the European banks in 2012.
There is much more to this than it seems. It is a money shuffle where we don’t know the players. Someone is sifting money through Belgium. Their GDP is not big enough to buy so many treasuries. It is probably the European banks but nobody knows for sure. The US could actually be doing it indirectly in a swap deal but it will be a long time before anybody knows. With so many secret deals and such a convoluted banking system, there is no transparency.
http://www.treasury.gov/ticdata/Publish/mfh.txt
http://www.reuters.com/article/2014/05/16/usa-treasuries-belgium-idUSL1N0O20Q220140516
thanks Paul W!
1 BALL OF PAPER MONEY CORRUPTION CONTROLLED BAY 1 ENTITY OF CORRUPTIVE CONTROL ! We have seen noting YET ! BUY GOLD !