Official reports show Chinese gold imported in March hit record highs of 223.5 tons yet per cent held in foreign reserves is only 1.6% Alasdair Macleod for ZH
"o all intents and purposes western capital markets are cleaned out of physical supplies" Hmm, doesn't he write for GoldMoney? If so how is it thay GoldMoney can continue to sell their 400oz bar backed product if markets are cleaned out?
Theres NO doubt about it.......China are taking full advantage of this Gold crash as much as possible....... The writnings on the wall.....They WILL BE the next super power within as little as five years and they know it.....One billion people working for minimal wages producing mountains and mountains of products that are mostly copies of the real thing.....all for a bargain price......And now they have mountains of GOLD too....Theres NO stopping them!
Theres NO doubt about it.......China are taking full advantage of this Gold crash as much as possible....... The writnings on the wall.....They WILL BE the next super power within as little as five years and they know it.....One billion people working for minimal wages producing mountains and mountains of products that are mostly copies of the real thing.....all for a bargain price......And now they have mountains of GOLD too....Theres NO stopping them! It's no wonder Ford Oz have pulled the pin and i'm surprised they gave it until 2016..... They already have losses of 600 million in the last 5 years......They're going backwards! p.s Maybe Communism isn't that bad after all???
And selling mountains of products to billions of people in countries who's governments they finance, through bond purchases. As Hilary Clinton put it to Kevin Rudd on her state visit in 2009 when he asked her to take a harder line on China's human rights policies, "how do you suggest I take a hard line with our bankers?" Bottom line, China manufactures, exports and foreign reserves fill their pockets. Since the GFC they've adjusted their policy of accumulating US, and other, treasuries for Gold. And while China's pile of AU grows the Fed prints money to take up the slack left by maturing treasuries China no longer re-purchases...............
The gold demand from Asia has been enormous. Looking at the current state of affairs, it would be apt to say that gold is moving from west to east. I wonder what the banks in the west are doing about this?
