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 in September.
Strong Indian and gold imports, Shanghai Gold Withdrawals contrast weak U.S. Mint demand.
Can China’s Gold Save it From its Own Debt Monster?
Video Commentary to “Why it’s Going to Take Years to Internationalize the Chinese Yuan”
Watch also on Vidme below
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Gold and silver.
Gold closed last week at $1303.30 an ounce and closed this week at $1280.00 -1.8%
Silver closed last week at $17.41 an ounce and closed this week at $17.00 -2.4%
The gold and silver ratio ended the week at 75.29:1
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
Tricky troika: The internationalisation of China’s currency has stalled https://t.co/jTOyLXSStH BUT GOLD! Art of War! Gold Backed Yuan!
— Smaulgld (@Smaulgld) October 15, 2017
From the Economist
“yuan’s international reach has fallen in the past two years. It has regained its ranking as the world’s fifth most active for international payments, after slipping to sixth in 2016. But its share of this market has slipped from 2.8% in August 2015 to 1.9% now”.
2017's Ironic Moment- When Cernovich posts Fake News with commentary "RIP PETRO DOLLAR" https://t.co/xHasrwkPxD
— Smaulgld (@Smaulgld) October 15, 2017
BREAKING: Russia Issuing ‘CryptoRuble’ https://t.co/OH3o4X4FQu via @Cointelegraph
— Smaulgld (@Smaulgld) October 16, 2017
London's #gold crown is slipping/COMEX Growing https://t.co/aD3WRdNqtV via @markets
— Smaulgld (@Smaulgld) October 16, 2017
The New US Petro Dollar
.@chigrl @alex_drastico72 @BrianJScheid @EIAgov Countries will need to stockpile Dollars to buy oil from the US- New Petro Dollar
— Smaulgld (@Smaulgld) October 17, 2017
"Playing the Long Game"-Smaller Chinese cities are buying empty homes to lift property market, and piling up debt https://t.co/KY0SK22u6P
— Smaulgld (@Smaulgld) October 17, 2017
China Headed Down The Path Of Debt Destruction https://t.co/KY0SK1KTfh @PlanetPonzi @TheBubbleBubble
— Smaulgld (@Smaulgld) October 17, 2017
I read it in the Asian Nikkei Review- SO THERE!
The GAME CHANGER for Gold – Mike Maloney https://t.co/cuBBq5Z7uO— Smaulgld (@Smaulgld) October 17, 2017
China state media attacks Western democracy ahead of Congress https://t.co/WMzbAXx8xF Because the West doesn't GET GOLD!
— Smaulgld (@Smaulgld) October 17, 2017
Whatever GOLD HAPPENS in China STAYS in China | David Morgan https://t.co/NK093e1qGd There is no #GOLD BACKED YUAN via @YouTube
— Smaulgld (@Smaulgld) October 22, 2017
The "story" gains traction but not the reality https://t.co/V3Uf23r9uv
— Smaulgld (@Smaulgld) October 19, 2017
SUN ZU Art of War & Central Planning "Always Borrow More Than Your Adversary"
China Plays the Long Game- They Got GOLD! https://t.co/RCut6rAWZE— Smaulgld (@Smaulgld) October 18, 2017
WAIT- Where is the GOLD BACKED YAUN GAME CHANGER in China's New Vision?
Oh read Sun ZU – they won't tell us! #Gold $13K https://t.co/7eEuQ63fkr— Smaulgld (@Smaulgld) October 18, 2017
China central bank says yuan's reserve currency role will gradually emerge https://t.co/9RN6Qk8xET
The progress so far pic.twitter.com/mE8VVrUewv— Smaulgld (@Smaulgld) October 18, 2017
China's capital controls to hamper yuan internationalization: Fitch https://t.co/Gj030zj9pS BUT GOLD BACKED YUAN GAME CHANGER!
— Smaulgld (@Smaulgld) October 18, 2017
Chinese Yuan Internationalization Slowed, Fitch Says – https://t.co/bdVrtqRrEQ BUT GOLD BACKED YUAN GAME CHANGER!!!!
— Smaulgld (@Smaulgld) October 18, 2017
Chinese yuan's global march a year after SDR entry https://t.co/lH8ZTx9ElF What- No mention of GOLD BACKED YUAN? How do they expect to WIN?
— Smaulgld (@Smaulgld) October 18, 2017
Can anyone say 2050? Remember China plays THE LONG GAME.. https://t.co/YBV8srtAEU
— Smaulgld (@Smaulgld) October 18, 2017
Dudley, Kaplan Warn Trump’s Stimulus-Oriented Tax Reform “Could Harm Economy”, Is “Ill-Timed”
Cryptocurrencies like #bitcoin are not 'mature' enough to regulate, ECB chief Mario Draghi says https://t.co/re9RR1ujBf
— Smaulgld (@Smaulgld) October 19, 2017
Chinese debt is so bad that even Chinese bankers now say it's a 'bubble' https://t.co/4A9N0qKIQc via @clusterstock
— Smaulgld (@Smaulgld) October 19, 2017
China Debt Clock :: National Debt of China https://t.co/pBDiZkOgxA
— Smaulgld (@Smaulgld) October 19, 2017
The Problem with the Latest "Defacto Gold Back Yuan" Theory pic.twitter.com/aTFanwX6FC
— Smaulgld (@Smaulgld) October 20, 2017
Russia Stacking #Gold AND US Treasuries https://t.co/2vImFN8EHJ@chigrl @anasalhajji pic.twitter.com/aQDH6RG80a
— Smaulgld (@Smaulgld) October 20, 2017
As Chinese over building reaches a peak, slower property, construction growth drag on China Q3 GDP https://t.co/4FfTZmYFlD
— Smaulgld (@Smaulgld) October 20, 2017
The Magic Chinese Economy
Borrow faster than your economy grows and eventually… https://t.co/aIvqV78Nff— Smaulgld (@Smaulgld) October 22, 2017
Chinese Balance of Trade Surplus Shrinkinghttps://t.co/meVKPDCcyQ
— Smaulgld (@Smaulgld) October 22, 2017
Borrowing GREW FASTER- according to Chinese data
so that means the economy grew a bit slower and borrowing increased even more
China’s Economy Grew Steadily, Thanks to Loans and Homes https://t.co/Z5aIOiqkwD
The More You Borrow- The Richer You Get!— Smaulgld (@Smaulgld) October 22, 2017
Commentary: Socialism is great — CPC congress sets eyes on 2049 and beyond – Xinhua | https://t.co/hM9uU3RFRl https://t.co/VWfE2BLvSu
— Smaulgld (@Smaulgld) October 22, 2017
China's capital controls to hamper yuan internationalization: Fitch https://t.co/Gj030zj9pS
— Smaulgld (@Smaulgld) October 22, 2017
China central bank says yuan's reserve currency role will GRADUALLY emerge https://t.co/9RN6Qk8xET (NOT via GOLD BACKED YUAN – GAME CHANGER)
— Smaulgld (@Smaulgld) October 22, 2017
Here are the stories we wrote, followed or commented on:
October 16, 2017
From Smaulgld.com
INDIAN GOLD IMPORTS SWELL TO NEARLY 1.5 MILLION OUNCES IN AUGUST
AUGUST INDIAN SILVER IMPORTS EQUAL 2017 U.S. MINT SILVER EAGLE PRODUCTION
ECB purchases €1.718BN in corporate bonds in week ended Sept 13. total is now €118.157BN
U.S. Economic Data
Empire Fed 30.2, Exp. 20.4
US Mint Sales Update
U.S. Mint reported selling 450,000 American Silver Eagles and 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 750,000 & American Gold Eagles sold 6,500
YTD American Silver Eagles sold 16,648,500/American Gold Eagles sold 176,500
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 1,500 American Gold Buffalo coins.
MTD 3,500 sold
YTD 80,000 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 17, 2017
From Smaulgld.com
SHANGHAI GOLD EXCHANGE WITHDRAWALS SPIKE IN SEPTEMBER
US Economic Data
Industrial Production 0.3%, Exp. 0.3%
Mfg Production 0.1%, Exp. 0.1%
October 18, 2017
From Smaulgld.com
CHINESE HOLDINGS OF U.S TREASURIES SOAR IN 2017
US Economic Data
Housing Starts 1127K, Exp. 1175K
October 19, 2017
From Smaulgld.com
CAN CHINA’S GOLD SAVE IT FROM A DEBT COLLAPSE?
US Economic Data
US Mint Sales Update
October 20, 2017
From Smaulgld.com
RUSSIA STEPS UP GOLD PURCHASES WITH MASSIVE BUY IN SEPTEMBER
US Economic Data
Existing home sales: 5.39MM, Exp. 5.3MM
October 21, 2017
From Smaulgld.com
BITCOIN DERIVATIVE TRADING HAS ARRIVED
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Compare American Silver Eagles for sale at:
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:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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