http://www.gold.org/download/file/3265/Quarterly_gold_and_FX_Reserves_Q3_2014.xlsx This is all data there for China: (stock in tonnes) 2000Q1 395,01 2001Q4 500,76 2002Q2 500,14 2002Q4 599,98 2009Q4 1054,09 That last figure remained unchanged till the last reported data (2014Q3). China's government didn't buy any gold since 2009Q4. Between 2000Q1 and 2009Q4, they bought 659,08 tonnes. To list the purchases in detail: - 2001Q4 +105,75 tonnes, avg price that quarter was $278 - 2002Q2 -0,62 tonnes, avg price that quarter was $313 - 2002Q4 +99,84 tonnes, avg price that quarter was $323 - 2009Q4 +454,11 tonnes, avg price that quarter was $1102 So all that blahblah in recent years about China China China Buys Buys Buys Gold Gold Gold, well ahum
If you ignore all they say, and instead look at what they do, and calculate the net results of it, that's the only conclusion one can make: it's a charade.
...."I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.".... Albert Einstein
They're prolly shoppin' their dollar bonds away. Some 3rd World country with lots of gold mines would love the crunchy dollars.
Possible, but considering the amount they purchased in recent years (alike the rest of the world), they didn't even start yet. The future figures on http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt will make that clear. To take into account is that these reserves do have an existence reason: the worldwide changed method of the amount money in circulation, as to control general inflation. Without these reserves, they have to increase the intrest rate pivot instead, and sponsor the rest (bank depositors, wage adjustments) too, defeating their purpose with the crisis and QE. So it's not like that Russia, or any country, can just dump these reserves, the consequences would easily kill off local currencies (just look at the recent ruble story). And that's why governments work together, despite their apparent / public seemingly conflicts. They're all in the same boat: the fight against speculators like us.
Look at this, their forex reserves dropped by nearly 100 billion USD: http://cbr.ru/eng/hd_base/default.aspx?Prtid=mrrf_m Gold increasing, forex decreasing. I don't know where you get your figures from. But the official data of Russia's currency reserves is the best reference, I think. They are getting rid of their dollars! And buying gold. Secret BRIC plan against the dollar?
You don't know what you quoted here? Since Jan 2007, the BRIC countries increased their US Treasuries from 422.4 to 1711.1 billion in Oct 2014 (last published figures) How so anti US? How so dumping dollars? It's not because some value is expressed in US dollars, that it actually is US dollars. Since the US dollar is the international reserves currency, they use it as a common denominator to express the value, and for that purpose they first convert other reserves to dollars. It's not because a British Pound guy converts to say to US dollar folks that he purchased a car for $10000 that the car seller received US dollars instead of British Pounds. To illustrate along a first search result article: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRr4YQ7CU4YE April 16, 2009 06:57 EDT "Russia's reserves are made up of 45 percent dollars, 44 percent euros, 10 percent pounds and 1 percent yen, according to the central bank chief Sergey Ignatiev." We're now 5 years later and % can have been changed, but you do get the picture do you? The figures on your page are not actual US dollars. https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves "And since all the figures below are in U.S. dollar equivalence"
Gold retains position as safe haven for 2015 8:00PM GMT 28 Dec 2014 ...."Gold has retained its place as a safe-haven investment in 2014".... ..."China is buying huge amounts of gold as it seeks to increase from the current 1pc of reserves".... ...."Central banks added 93 tons of gold to reserves in the third quarter, with more than half of all buying coming from Russia, according to the World Gold Council.".... http://www.telegraph.co.uk/finance/...-retains-position-as-safe-haven-for-2015.html
The Russian National Bank Buys 1.2 Million Ounces of Gold Various sources have mistakenly reported Russia selling part of its gold reserves in order to compensate for the rouble's value loss. But in fact, Russia has only increased its gold reserves. As of December 2014, Russia has 1,188.1 tonnes of gold (World Gold Council Data, 2014). And, quite recently, it added 600,000 ounces of gold bought in November and, a further 600,000 ounces were added in December again. Well.... Russia is about to bypass the petrodollar system by creating their own ruble-based payment system. If and when this happens, it'll be a heavy blow to the US dollar and many other countries will follow it.... China will be the first.....
For an instance..... If the US is shorting oil for economic war against Russia, especially due to their currency status(Reserve Currency), wouldn't it force Russia to exit at a much faster rate of the petrodollar and so buy large amounts of gold? What would be a fair speculative derivative tool that has enough volume in the last 3-4 months causing it? USO, USL, DNO, UNG, UNL, UGA, UHN, BNO, USCI, CPER, USMI, USAG ? others ? anyone?
An economical story is a story that has a tendency to contain more variables. US economy produces more oil than in the past (due to the same fairly recent technology that brought down the natural gas price) Are those companies doing this for warfare against Russia? I would say they do this for an income. Worlds economy is not that fantastic. Growth is quite lower. Oil demand drops. Crises make certain productions / usages stop. Less activity. Less oil. Stockpiling. http://finviz.com/futures_charts.ashx?t=CL&p=w1 Look at the amount crude oil that got hedged during the period 2010-2014. It's represented by the surface between the zero axis and the green colored trendline. Big stocks. Surpluses. Speculation. Is this all orchestrated as economical war against Russia? The current Russia - EU conflict origins from a shot down passengers plane and Russia's attitude towards certain former USSR countries that the EUSSR regime probably thinks of adding them to their EUSSR. Nevertheless, despite all above, and apparently, Russia's central planning worked in the past, and still works in the present, together with the western central planning. Both economical sides traded alot with eachother, and still do, without the respective governments hampering it. Instead, they worked together against speculators, domestic as well as foreign. The best illustration of that is their foreign reserves, dollar, euro, etc. This is the evolution of Russia's USD part of its forex reserves, and again the source links for those whose denial seems to be glued on the forehead. http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/ticarchives.aspx US Treasuries, billion US dollar, all BRICS countries including Russia: Jan 2007 Brazil: 53.7 Russia: 0 India: 15.1 China, Mainland: 353.6 South Africa: 0 Total: 422.4 Jan 2008 Brazil: 141.7 Russia: 35.2 India: 14.6 China, Mainland: 492.6 South Africa: 0 Total: 684.1 Jan 2009 Brazil: 133.5 Russia: 119.6 India: 32.5 China, Mainland: 739.6 South Africa: 0 Total: 1025.2 Jan 2010 Brazil: 169.1 Russia: 124.2 India: 32.7 China, Mainland: 889.0 South Africa: 0 Total: 1215 Jan 2011 Brazil: 197.6 Russia: 139.3 India: 40.6 China, Mainland: 1154.7 South Africa: 0 Total: 1532.2 Jan 2012 Brazil: 229.1 Russia: 142.5 India: 44.1 China, Mainland: 1159.5 South Africa: 12.5 Total: 1587.7 Jan 2013 Brazil: 254.1 Russia: 164.4 India: 58.5 China, Mainland: 1214.2 South Africa: 11.5 Total: 1702.7 Jan 2014 Brazil: 246 Russia: 131.8 India: 68.1 China, Mainland: 1273.5 South Africa: 13.1 Total: 1732.5 Oct 2014 (most recent) Brazil: 261.7 Russia: 108.9 India: 77.5 China, Mainland: 1252.7 South Africa: 10.3 Total: 1711.1 And to repeat it, because apparently some people like to scroll it away: TreasureHunter 's linked Russian Central Bank data is not just US dollars, but ALL forex reserves (so also Euro and yen and whatever they acquired). The totals listed there are totals as US dollar equivalent. Meaning that if Russia has a 50% Euro part in its forex reserves, that the central bank calculates (along the exchange rate at that moment) the amount dollars they correspond with, as to be able to show a grand total in a single currency. Yet, TreasureHunter compares these totals as if they actually completely represent US dollars. Imagine that 1 dollar = 1 euro. Imagine that Russia had in 2007 100 billion euro's and 100 billion US dollars as forex reserves (200 billion total in dollar equivalent). Imagine that Russia has now 50 billion euro's and 100 billion US dollars as forex reserves (150 billion total in dollar equivalent). Based on the total forex reserves figures as expressed in US dollar (equivalents) and the assumption that these are solely US dollars, he could claim that Russia dumped 50 billion US dollars. While in reality, Russia dumped 50 billion euro's and 0 dollars. Just a hypothetical example case on why the claim has no ground (read: data). In order to know if Russia dumped US dollars, the individual dollar / euro / yen / whatever shares of its forex reserves are required. The treasury.gov site of the US treasury shows that part specifically, and the ECB (Euro central bank) maybe has a similar data page showing how many euro's Russia has in its forex reserves. Figures that are dollar-equivalent totals are useless to claim anything about a specific currency. If that wasn't obvious.
Net Government Sales (negative = buying) Column 1: year Column 2: tonnes Column 3: average gold price that year 1997 326 $330.98 selling 1998 363 $294.24 selling 1999 477 $278.88 selling 2000 479 $279.11 selling 2001 520 $271.04 selling 2002 547 $309.73 selling 2003 620 $363.38 selling 2004 479 $409.72 selling 2005 663 $444.74 selling 2006 365 $603.46 selling 2007 484 $695.39 selling 2008 235 $871.96 >>> +5558 = 463.167/year selling 2009 34 $972.35 selling 2010 -77 $1224.53 buying 2011 -455 $1571.52 buying 2012 -544.1 $1668.98 buying 2013 -409.3 $1411.23 > -409.3 (changed from -386.6 in 2014Q1 report versus Q2 report) buying 2014Q12 -242.1 $1294.64 buying Total tonnes gold sold by central banks over 1997-2009: 5592 tonnes. Total tonnes gold bought by central banks over 2010-2014Q2: 1727.5 tonnes. Sell low. Buy high. A speculator tries the opposite. Now look at which countries central bank sold low. //EDIT// >> http://www.gold.org/download/file/3265/Quarterly_gold_and_FX_Reserves_Q3_2014.xlsx And which bought, and still buy high. Western and Eastern govts, nicely working together, despite all the conflict soap on the media.
I disagree.... The US has been holding up their oil reserves for decades. They have also discovered a massive pool of oil in Alaska and have not tap to it yet. They have the Saudis by the balls, Iraq and Libya and will use OPM(other's people OIL) until a time they will be the ones called the LARGEST PRODUCER of oil.... then they can bring oil to $100 and over again to capitalise...... Texas is in technical recession right now... because of the low oil prices, shale and gas.... so no... nothing to do with income.... cheers T10
WORTH A REMINDER................ ......"Gunvor executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented,"...... ..."Gunvor, the world's fifth-largest oil trader whose former major shareholder and co-founder was sanctioned by the U.S. this year because of ties to Vladimir Putin, is one of the few large commodity firms that handles precious metals."....
That is all just what you claim. Data indicates the opposite. Repeating false stories doesn't make them more true. Ignoring data doesn't make it nonexisting. The last factual argument in this topic came from TreasureHunter, with his Russian Central bank source that showed a drop in forex reserves since january, but he used it to claim that it dumped US dollars, while those total figures were dollar EQUIVALENT sums, and actually consist of a variety of currencies, in 2009 it was a near 50-50 USD/EUR, and they could have as well dumped Euro's instead, and if you look at the forex (exchange) rates over this period of both, the latter is much more plausible. A rate doesn't go down because it's bought, but because it's sold.
