Chinese Gold Leasing: Hidden Danger
We constantly discuss the gold leasing in the US but what about China? This article takes a closer look at this question.
The Chinese wont lease their gold….if they do…we are ??? Leasing goes against ALL the fundamentals reasons..ASIANS own gold!!! Leasing is a fools (foolish)-job for Westerners NOT the Easterners.
SD……….would it not be funny ,,,,if, the Chinese,,,lease the gold back to the FED….
then , the Fed. could send the gold to the Germans,,,and everything would be wonderbar…..
Yeah,except this is Berlin’s Bottom,not Brown’s Bottom.
Hi SD Marc, there is so much misinformation out there, what would you want the rest of the world to think if you were The Chinese accumulating at the lowest possible prices and they were trying to interpret your moves, feed them manure and it beats most brains on the best of days.DT
DT,
Yep, “feed them manure….”….classic, just classic! DT
For those that don’t believe the metal market is manipulated and for those that admire bankers, watch the interview with a financial bank regulator. Greg Hunter interviews.
http://www.silverdoctors.com/bill-black-us-financial-system-has-already-imploded/#more-37568
You boys ready for this?
Very Real Danger of Collapse: “Could Be So Severe I Don’t Think Our Civilization Could Survive It”
If China is suppressing gold it is to keep a cap on prices until they are done loading up.
Sun Zhaoxue, president of both the China National Gold Corporation (CNG) and the China Gold Association (CGA)stated:
‘Increasing gold reserves should become a central pillar in our country’s development strategy. The state will need to elevate gold to an equal strategic resource as oil and energy, We should ‘achieve the highest gold reserves in the shortest time. Individual investment demand is an important component of China’s gold reserve system; we should encourage individual investment demand for gold.’
According to my research the Chinese are now in the final stage to grow their gold reserves to 6,000 tons. They want to grow these reserves towards 10,000 tons before 2020. That amount will bring the Chinese on par with the U.S. and Europe on a gold/GPD ratio. This opens the door to a possible joint US-EU-China gold supported financial system like the IMF’s SDR-plan. Such a reset could also be backed by Russia since they have accumulated over 1,000 tons, most of it since the start of the credit crisis in 2008.
http://www.silverdoctors.com/the-big-reset-why-china-bought-jpmorgans-gold-vault/#more-37517
I’ve done some analysis on this important article from Koos, see http://goldchat.blogspot.com/2014/01/wealthy-chinese-short-sellers-source-of.html
The Koos article confirms earlier reports of use of gold as collateral for financing deals as well as a lot of round tripping of gold between China and HK, but the revelation of actual short selling by wealth Chinese is new information and maybe we have just found another source of potential future demand should these Chinese short sellers come to the view that gold has bottomed
I am not sure how people can lease jewelry. That is >90% gold people buy. The trust amount people is low so people will not lend treasure to strangers. The only potential leasers are banks but there is very little ETF since people buy gold for jewlery. I doubt central banks want to lease gold either since Chinese central bank buy gold to prevent financial storms. They have to keep it.