People’s Bank of China’s Governor warns of potential sharp correction and Minsky Moment. Venezuela lets $1.7 billion gold swap with Deutsche Bank Lapse. China Issues $2 billion in Dollar Denominated Bonds – 11X Oversubscribed. China hopes its State Owned Enterprised US Dollar borrowing costs will be lowered. China to purchase 24% of all Chinese residential … Read More →
People’s Bank of China Added No Gold to Reserves in September. The People’s Bank of China has not added any gold to reserves since they were admitted to the SDR in October 2016. Total reported People’s Bank of China gold reserves stand at 1842.6 tonnes – same as October 2016. PBOC foreign reserves rose for … Read More →
China’s Gradual Internationalization of the Yuan. Chinese internal debt stands at 300% of GDP Before Unfunded Social Security Obligations. Mike Maloney of goldsilver.com calls out Smaulgld! The problem with analyzing soley from the gold perspective. 2+2=GOLD Honest money must be surrounded honest narratives and reporting. Regulated Bitcoin futures trading begins. Russia makes huge gold purchase … Read More →
Russia Adds 1,100,000 Ounces of Gold To Reserves in September. Since June 2015, the Central Bank of Russia has added about 500 tons of gold to reserves. September’s 34.21382 ton gold addition bring Russia’s Central Bank holdings to 1,779 tons; the sixth most of any nation, close behind the People’s Bank of China. Overall Russian … Read More →
China’s Debt Monster Threatens Not Only Itself But The Entire Global Financial System Do Chinese Gold Reserves Provide Adequate Insurance? Chinese Debt to GDP is over 300% Future Growth Plans Rely on MORE Debt Chinese debt is so bad that even Chinese bankers now say it’s a ‘bubble’ Watch “Can China’s Gold Save it from … Read More →
Shanghai Gold Exchange Withdrawals rose 33% in September to 214.24 tons up from 161.405 tons in August. Shanghai Gold Exchange September withdrawals were also up 25% from 171 tons withdrawn in September 2016. Through September 2017, gold withdrawals were at the third highest level compared to prior years totals through September. Watch the Video of … Read More →
India imported 45.871 (1,474,786 ounces) of gold in August. Indian gold imports in August were up 76% from 26 tons imported in August 2016. August import gold imports were down 24% from July’s imports of 60.542 tons. Preliminary September Indian gold imports were 48 tons, up 13% from September 2016 imports of 42.4 tons. Watch … Read More →
Alternative Assets Soar as NASDAQ also hits new highs. Gold Backed Yuan Story dies an Ignominious Death. Strong week for gold and silver. As Bitcoin Hits New Highs Jamie Dimon Trashes it Again. Litecoin come back to Life Chinese Leaders begin their central planning meeting amid growing debt fears Trump guts Obamacare Smaulgld appears on … Read More →
The Idea of a Chinese Yuan Oil Contract Convertible into Gold Predates the September 1 Nikkei Asian Review story. GoldMoney published an article on August 24 predicting that such a contract would be convertible into gold from the Shanghai Gold Exchange. The story shifted in mid September to “gold would be sourced from outside China” … Read More →
The National Bank of Kazakhstan Passes The Central Bank of Spain To Claim 18th Place Among Gold Holding Nations. Kazakhstan added 4.67 tons (150,000 ounces) of gold to reserves in August. Total Gold Reserves Stood at 285.5299 Tons (9.18 million ounces) at end of August 2017. Kazakhstan added 36.1989 tons (approximately 1,163,820 ounces) of gold … Read More →
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