China owns a lot more gold than it’s letting on – and here’s why

Discussion in 'Gold' started by Acorn, Apr 29, 2021.

  1. Acorn

    Acorn Active Member

    Joined:
    Dec 22, 2012
    Messages:
    335
    Likes Received:
    236
    Trophy Points:
    43
    Location:
    Australia
  2. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    21,750
    Likes Received:
    4,510
    Trophy Points:
    113
    Location:
    昆士蘭
    This is me :p

    Physical backed currencies would be a hindrance to China. This applies to the US as well as any other nation with reserve currency aspirations or not. Having a physical backed currency as the world reserve currency places a nation's economic security at risk and necessitates that that nation must constantly pursue austerity measures to ensure that they always have enough of the commodity to meet physical delivery. Further, the supply of physical backed currency is not flexible enough to meet market demand as supply can't be inflated or deflated which means that nations would find it more difficult to trade in order to meet the ever increasing needs of consumers at home.

    I'm not sure why nations such as China or Russia stockpile gold (I can see a reason for Germany and Italy etc doing it), the only reason I can think is that either they're stuck in a centuries-old economic mentality or they do so in an attempt to display strength to their citizens. Russia or China or India increasing their gold hoard in their reserves doesn't translate across into trading partners or potential investors having increasing confidence in their economies.
     
    PMCollector and paruwka like this.
  3. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    3,915
    Likes Received:
    1,991
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    ^^^
    not surprised by article... it’s just Western society believes more in shares... good luck!
     
  4. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    10,870
    Likes Received:
    2,882
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    who wrote that article again?
    ~
     
  5. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    3,915
    Likes Received:
    1,991
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    ^^^
    Kremlin
     
  6. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2010
    Messages:
    8,214
    Likes Received:
    5,458
    Trophy Points:
    113
    Location:
    House Corrino
    If you don't know why the most powerful countries are hoarding gold bullion then there is something else going on that you don't know about, there is another reason other than perhaps creating a future gold backed currency, another reason that we don't understand but there is a good reason and it has something to do with an event in the future.

    As evil as the Cut Copy Paste party may be they are not stupid. If they are hoarding gold bullion then that are anticipating a future event that will require them to have that bullion in their possession.
     
    Acorn, 66rounds and Ag bullet like this.
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,619
    Likes Received:
    1,928
    Trophy Points:
    113
    Location:
    Singapore
    What is more important is gold per capita.
     
    Acorn and Shaddam IV like this.
  8. LiverBird

    LiverBird Well-Known Member Silver Stacker

    Joined:
    Jul 14, 2019
    Messages:
    428
    Likes Received:
    482
    Trophy Points:
    63
    Stocking up prior to launching WW3?
     
  9. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    21,750
    Likes Received:
    4,510
    Trophy Points:
    113
    Location:
    昆士蘭
    There is no need for a nation that has sovereignty over its currency to hoard gold, it’s a pointless exercise.
     
    Last edited: Apr 30, 2021
  10. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    10,870
    Likes Received:
    2,882
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    so long as you have active volcanoes, there is need not to hoard any gold or silver. in the end time. Ring of fire will vomit pillars of gold and silver everyday. there will be islands of gold and silver in the open near you.
     
  11. lurking

    lurking Member

    Joined:
    Apr 12, 2021
    Messages:
    62
    Likes Received:
    47
    Trophy Points:
    18
    "Dont even think about gold, other countries. We have a shit ton of the stuff and will fck you up proper if you try it." Pretty strong disincentive
     
    66rounds likes this.
  12. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,717
    Likes Received:
    3,277
    Trophy Points:
    113
    Location:
    Australia
    Up until the point where the IMF/CFR/EU/USA etc decide that the world has to be divided up again, and gold is the currency of choice.
     
    66rounds likes this.
  13. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    21,750
    Likes Received:
    4,510
    Trophy Points:
    113
    Location:
    昆士蘭
    The IMF doesn't get a say in it.

    The EU and the USA have sovereignty over their currencies on issue, they will not accept a currency system that is throttled by supply constraints.

    I don't know what the CFR is.
     

Share This Page