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 real estate in 2017.
Continued Pump and Circumstance from the Gold Backed Yuan Crowd.
Video Commentary to “Chinese Central Bank Governor Warns on China’s Growing Debt Pile”
Watch also on Vidme below
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Gold and silver.
Gold closed last week at $1280.00 an ounce and closed this week at $1273.20 -0.5%
Silver closed last week at $17.00 an ounce and closed this week at $16.84 -0.9%
The gold and silver ratio ended the week at 75.61:1
Gold and silver are not the same metals, they have different properties and different uses. Relative rarity is not the only determinate in arrive at price.
Silver is a spike and dive metal.
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Tweets of the Week
BUT GOLD BACKED YUAN!
China's Government Is Expected To Buy 24% Of All Residential Real Estate For Sale In 2017 https://t.co/RwJfWPLihF— Smaulgld (@Smaulgld) October 22, 2017
Because they can https://t.co/jhNIFKfUd6
— Smaulgld (@Smaulgld) October 23, 2017
"But never has an emerging superpower used the printing press to turbo charge growth, dominate industries." https://t.co/bgtS2HCphc
— Smaulgld (@Smaulgld) October 23, 2017
Ancient Colombian's love for rose #gold jewellery https://t.co/1MHiIOyDM4 via @MailOnline
— Smaulgld (@Smaulgld) October 23, 2017
NEED MORE STIMULUS and GOLD BACKED YUAN!
China's home price growth steadies in September as speculative curbs weigh https://t.co/DIUqywEBeK— Smaulgld (@Smaulgld) October 23, 2017
From the Bank that sold ALL its #GOLD
Bitcoin 'doesn't solve a main need in society right now,' Bank of Canada CEO https://t.co/hO07BGdvcW— Smaulgld (@Smaulgld) October 23, 2017
There will be a Yuan denomined oils future contract but NO indication that it will be backed or redeemable in #gold https://t.co/GA4eW1gVRx https://t.co/2WyHYZ3dSu
— Smaulgld (@Smaulgld) October 24, 2017
In search of Russia's lost #gold https://t.co/PbhUV7l5hP via @BBC_Travel
— Smaulgld (@Smaulgld) October 23, 2017
Venezuela allows $1.7 billion #gold swap w/ Deutsche to lapse https://t.co/wRNQAqtrEv All Those Oil for Yuan couldnt save the K? @chigrl
— Smaulgld (@Smaulgld) October 23, 2017
Venezuela loses approximately 1.3 million ounces or 40 tons of gold.
Venezuela now has less #gold BUT they do have more YUAN!
Analysts say GAME CHANGER!#goldbackedyuan https://t.co/spTrLzZSVR— Smaulgld (@Smaulgld) October 23, 2017
There will be a Yuan denomined oils future contract but NO indication that it will be backed or redeemable in #gold https://t.co/GA4eW1gVRx https://t.co/2WyHYZ3dSu
— Smaulgld (@Smaulgld) October 24, 2017
Sovereign sized gold buy in 45 days! Gold backed yuan wake up call game changer in 2 months! are news at the time not when the date arrives
— Smaulgld (@Smaulgld) October 25, 2017
I hope you realize there is NO source for the "gold backed Yuan" https://t.co/GA4eW1gVRx
— Smaulgld (@Smaulgld) October 25, 2017
"china announced oil contract convertible into gold" no they didn't#gamechanger #wakeupcall #shocktheworld
— Smaulgld (@Smaulgld) October 25, 2017
China consumer loans surge nearly 30 percent as debt worries resurface https://t.co/u99PAie68p "wake up call""game changer" gold backed yuan
— Smaulgld (@Smaulgld) October 25, 2017
TREASON!
China Faces Growing Debt Problems, Says Chinese Central Bank Governor – https://t.co/IrwP0F8xJL
— Smaulgld (@Smaulgld) October 25, 2017
China central bank chief raises new worry in China: Mortgage-driven household debt BUT Gold Backed Yuan! https://t.co/RYLS5Lq64w
— Smaulgld (@Smaulgld) October 25, 2017
Governor of the People’s Bank of China, Zhou Xiaochuan:
“If there is too much pro-cyclical stimulus in an economy, fluctuations will be hugely amplified,” Zhou stated. “Too much exuberance when things are going well causes tensions to build up. That could lead to a sharp correction, and eventually to a so-called Minsky moment. That’s what we really must guard against.”
Yin Zhongqing, deputy director of the National People’s Congress finance and economics committee, said in a speech (in August):
“The real estate industry’s excessive prosperity has not only kidnapped local governments but also kidnapped financial institutions—restraining and even harming the development of the real economy, inflating asset bubbles and accumulating debt risk. The biggest problem currently facing the country is how to reduce reliance on real estate.”
Quote Source: World Socialist Web Site
Minsky moment- a sudden collapse of asset prices after an extended period of price appreciation caused by debt fueld speculation. At some point the debt growth exceeds the asset value growth and BOOM.
Backing the Yuan with gold for oil doesnt help internationalize the Yuan, It internationalizes Gold
— Smaulgld (@Smaulgld) October 25, 2017
The new Australian Law that indcates AUSTRAC might regulate cryptos ALREADY regulates BULLION DEALERS https://t.co/lX7QSyAwTf https://t.co/Y7Za3Zt1mX
— Smaulgld (@Smaulgld) October 25, 2017
Game Changer! Wake Up Call!
China to issue Dollar Denominated Bondshttps://t.co/BLxbCMyuJohttps://t.co/fezVCytMNK @chigrl— Smaulgld (@Smaulgld) October 25, 2017
Zhou Xiaochuan PBOC governor: financial system faces a “Minsky moment” concerns over the level of the country’s debt https://t.co/e4BVlPSMpK https://t.co/MIeUzdWMg9
— Smaulgld (@Smaulgld) October 26, 2017
Relative Values
ECB corporate Bond holdings €119.954BN
Russia's Massive #Gold Hoard €62BN— Smaulgld (@Smaulgld) October 26, 2017
But Venezuela will accept the Game Changing Chinese Yuan as payment for their oil https://t.co/pHTU0ETdzN
— Smaulgld (@Smaulgld) October 26, 2017
Remember how China pricing #gold in Yuan in 2016 was going to send gold skyrocketing/end manipulation? https://t.co/OibJSPVctM @KoosJansen
— Smaulgld (@Smaulgld) October 26, 2017
China Is Planning To Shock The World By Pushing The Price Of Gold Over $10,000 https://t.co/pOqPX7Xgeg
— Smaulgld (@Smaulgld) October 26, 2017
The most expensive grilled cheese in the world costs $214 and is gilded with real gold https://t.co/BsIzDjGVTV
— CNBC (@CNBC) October 25, 2017
ALERT! OH NO! – Dollar Collapse!
Gold Backed Yuan Coming! Game Changer! Wake up Call! Shock the World! Rock Global Markets pic.twitter.com/3H9TvWdZ9V— Smaulgld (@Smaulgld) October 26, 2017
Inflation is stirring in China, for better and worse. Can China Inflate Away its Debt? https://t.co/anZI1iOsrr via @bv
— Smaulgld (@Smaulgld) October 27, 2017
Wow! Russia's MEGA #Gold Hoard of 1,779 tons is worth:
a STAGGERING $73 billion or less than 1/2 month worth of US QE
GAME OVER for the $! https://t.co/VH4WCS6bBQ— Smaulgld (@Smaulgld) October 26, 2017
Wait what 4-D chess/Sun Zu inspired move to dethrone the dollar has China issuing bonds in Dollars instead of Yuan? @chigrl
— Smaulgld (@Smaulgld) October 27, 2017
Just imagine the demand had China denominated their sovereign bond offering in GAME CHANGING YUAN! https://t.co/kgJ77CBKXm
— Smaulgld (@Smaulgld) October 27, 2017
Investors Are Lapping Up China's New DOLLAR Bonds https://t.co/Zjr5nJ1Agk
as "Game Changing" Gold Backed Yuan Launch Looms!
— Smaulgld (@Smaulgld) October 27, 2017
Snapshot of China 's De-Dollarization Progress https://t.co/g0X6kh4Jko pic.twitter.com/knAurPzlGN
— Smaulgld (@Smaulgld) October 27, 2017
Because "De-Dollarization"
China Says Sovereign Dollar Bond Demand 11X Deal Size https://t.co/g0X6kh4Jko @KoosJansen @ektrit @anasalhajji— Smaulgld (@Smaulgld) October 27, 2017
Chinese $ bonds are significant- not b/c they internationalize the Yuan-they don't b/c it means they're serious about piling up foreign debt
— Smaulgld (@Smaulgld) October 27, 2017
$ Reaction to "It's A Huge Story": China Launching "Petroyuan" In Two Months https://t.co/2kiPwRYF2r
Game Changer Wake Up Call for the $ pic.twitter.com/Lw4755aAWy— Smaulgld (@Smaulgld) October 27, 2017
Venezuela Avoids Default w/$843 Million Debt Payment
That's 5.6B Game Changing Yuan for those keeping score at home https://t.co/5IWi8co2Vm— Smaulgld (@Smaulgld) October 27, 2017
From January 2017: Chinese banks told to issue dollar-denominated debt-sources https://t.co/PH5rThvzO6 (because de-dollarization)
— Smaulgld (@Smaulgld) October 27, 2017
CHINA ISSUED U.S. DOLLAR BONDS WORTH $2 BILLION THIS WEEKhttps://t.co/TmBTT69QF9… https://t.co/ZHZ5ShhM0X
— Smaulgld (@Smaulgld) October 27, 2017
FORGET THE PETRO YUAN, HERE COMES THE DOLLAR BACKED YUAN!https://t.co/qKqhnD3uG5… https://t.co/6lsog3Pcqq
— Smaulgld (@Smaulgld) October 27, 2017
The World's New Reserve Currency? Everything You Need To Know About PetroYuan | Zero Hedge NOTHING to do With GOLD https://t.co/m95HqGlgiK
— Smaulgld (@Smaulgld) October 28, 2017
no gold, no physical oil delivery and oil priced in dollars
Reminder: https://t.co/GA4eW1gVRx you'll see the pumping of the fake gold backed yuan story subside as the date draws closer
— Smaulgld (@Smaulgld) October 28, 2017
WHY IT’S GOING TO TAKE YEARS TO INTERNATIONALIZE THE CHINESE YUANhttps://t.co/LndH7TmTiy… https://t.co/lFI3XpvWTs
— Smaulgld (@Smaulgld) October 27, 2017
NFL attendance is down 35% =Game Changer for #Gold!
Gold set to skyrocket as fans convert NFL ticket savings to #Gold @chigrl @ektrit— Smaulgld (@Smaulgld) October 29, 2017
When You Think The World Revolves Around Gold:#goldbackedyuan https://t.co/X3jfeDvqeY
— Smaulgld (@Smaulgld) October 29, 2017
Here are the stories we wrote, followed or commented on:
October 23, 2017
From Smaulgld.com
IT’S BEEN A YEAR SINCE PEOPLE’S BANK OF CHINA ADDED GOLD TO RESERVES
US Mint Sales Update
U.S. Mint reported selling 175,000 American Silver Eagles and 3,500 American Gold Eagles today.
MTD American Silver Eagles sold 925,000 & American Gold Eagles sold 10,000
YTD American Silver Eagles sold 16,823,500/American Gold Eagles sold 180,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 4,500 sold
YTD 81,000 sold
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
The US Mint sold 0 Ellis Island ATB coins today
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site, 20,000 Ozark National Scenic Riverways ATB coins and 40,000 Ellis Island ATB coins. Total 115,000
October 24, 2017
From Smaulgld.com
US Economic Data
October 25, 2017
From Smaulgld.com
CHINA TO ISSUE U.S. DOLLAR BONDS WORTH $2 BILLION THIS WEEK
US Economic Data
October 26, 2017
From Smaulgld.com
US Mint Sales Update
U.S. Mint reported selling 75,000 American Silver Eagles and 0 American Gold Eagles today.
MTD American Silver Eagles sold 1,000,000 & American Gold Eagles sold 10,000
YTD American Silver Eagles sold 16,898,500/American Gold Eagles sold 180,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 5,500 sold
YTD 82,000 sold
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
The US Mint sold 0 Ellis Island ATB coins today
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site, 20,000 Ozark National Scenic Riverways ATB coins and 40,000 Ellis Island ATB coins. Total 115,000
October 27, 2017
From Smaulgld.com
FORGET THE PETRO YUAN, HERE COMES THE DOLLAR BACKED YUAN!
October 28, 2017
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
Donate To Smaulgld.com via paypal
Donate To Smaulgld.com via paypal
Sign Up For Smaulgld.com Updates Here!
Donate To Smaulgld.com via paypal
Donate To Smaulgld.com via paypal
Sign Up For Smaulgld.com Updates Here!
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Donate To Smaulgld.com via paypal
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
-----------------------------------------
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