China Sells 100 B of USD Reserves & Buys GOLD!

The collapse of the USD as reserve currency appears to be an open secret that the MSM has been told to keep quiet about.
 
trader10 said:
China Sells 100 B of USD Reserves & Buys GOLD!


Russia and China have been quietly liquidating USD reserves, and buying.GOLD.

http://www.silverdoctors.com/harvey...-china-sells-100-b-of-usd-reserves-buys-gold/
Click to expand...
Quietly?
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

Liquidating?
(billion USD)
Jan 2007 China, Mainland: 353.6 Hong Kong: 54.7
Jan 2008 China, Mainland: 492.6 Hong Kong: 54.4
Jan 2009 China, Mainland: 739.6 Hong Kong: 71.7
Jan 2010 China, Mainland: 889.0 Hong Kong: 146.6
Jan 2011 China, Mainland: 1154.7 Hong Kong: 127.6
Jan 2012 China, Mainland: 1159.5 Hong Kong: 134.3
Jan 2013 China, Mainland: 1214.2 Hong Kong: 142.9
Jan 2014 China, Mainland: 1273.5 Hong Kong: 160.3
Oct 2014 China, Mainland: 1252.7 Hong Kong: 161.0

It just sits in SilverDoctors' invested blind spot. :D

China buying gold?
http://www.gold.org/download/file/3265/Quarterly_gold_and_FX_Reserves_Q3_2014.xlsx
China:
2000Q1 395,01
2001Q4 500,76
2002Q2 500,14
2002Q4 599,98
2009Q4 1054,09
(still same amount in 2014Q3)

These were the "big" buyers between 2011Q1 and 2014Q3:
Turkey 116.10 > 523.76 = +407.66
Russia 811.11 > 1149.78 = +338.67
Kazachstan 67.32 > 184.2 = +116.88
Korea 14.44 > 104.44 = +90
Iraq 5.87 > 89.82 (figure 2014Q2, 2014Q3 -) = +83.95
Thailand 108.86 > 152.41 (big increase 2011Q123) = +43.55
Philippines 153.68 > 194.85 = +41.17
Mexico 100.21 > 123.12 = +22.91
Belarus 30.27 > 38.97 = +8.7

For the record, the "big" sellers over the same period:
BIS 526.69 > 400.55 (big drops 2013Q34 2014Q3) = -126.14 (very volatile due to forex reason being Bank of International Settlements)
Libya 143.82 > 116.64 (big drop 2011Q3) = -27.18
Germany 3400.95 > 3384.19 = -16.76
Ecuador 26.28 > 11.79 (big drop 2014Q2) = -14.49

Central banks, as a global net, like to buy high and sell low, as to inflict speculators 1) less ounces 2) less fiat.
More "Western" governments were the sellers in the decade before 2008, the most at the lowest annual average prices. And they sold more than China bought.
Only a global net metric draws a reality.

Also resides in SilverDoctors Blind Zone. :D
 
JulieW said:
The collapse of the USD as reserve currency appears to be an open secret that the MSM has been told to keep quiet about.
Click to expand...
Sorry, but:

Month Year GrandTotal (BillionUSD)
Dec 1999 1244.9
Dec 2001 1042.0
Aug 2002 1101.6
Jan 2003 1240.4
Jan 2004 1576.7
Jan 2005 1960.3
Jan 2006 2187.6
Jan 2007 2239.7
Jan 2008 2402.5
Jan 2009 3072.2
Jan 2010 3706.1
Jan 2011 4453.4
Jan 2012 5048.0
Jan 2013 5643.0
Jan 2014 5841.3
Oct 2014 6058.9

They didn't even start dumping.
Collapse as reserve currency where?
It hasn't been used more as reserve currency...
 
I thought it was gonna be a good read until Pirocco came in picture :lol: sorry man Im not picking on u but all it seems clutter to me...if u could shorten them(yr posts) and make them more to the point it would be highly appreciated ;) otherwise Im just scrolling down....
 
Basically he's providing data to show that the USD is being used as a reserve country more than it's ever been used before and that there hasn't been bulk selling of PMs from the Western Central Banks to those of Russia and China, rather buying/selling has been spread out amongst a number of different countries in varying amounts over the past three years.
 
He is one of the few here that post data rather than anecdotes and the speculative reasoning based on them.
 
trader10 said:
Also resides in SilverDoctors Blind Zone. :D
Click to expand...


I guess some people don't understand the "Blind Zone" as you mentioned..... well.....they might be color blind ? lol :D


Merry Xmas mate..... :cool:
Click to expand...
It's not about colors, it's about data, and not just a selection, but as much as possible, as to get the best possible idea of what reality is.
dragafem names the data 'clutter'.
Yet, SilverDoctors also uses data, only that they only show you a part of it, the part that suggest the act that benefits their accounts, not yours.
To explain it in plain words: imagine this sequence:
1) You have 5 red Xmas balls.
2) I donate you another 5 red Xmas balls.
3) I take 10 red Xmas balls from you.
What does SilverDoctors & Co do: they dig 3) to claim that you now have 10 red Xmas balls, mate :cool:
 
JB3 said:
He is one of the few here that post data rather than anecdotes and the speculative reasoning based on them.
Click to expand...
I also do have a particular reason for it, instead of just posting my subsequent anecdotes and reasoning, I show the data too, as to allow the reader to perform his own reasoning from the data and thus also see if mine has flaws.
Now look at the BOO style replies.
They vary from "too long post", "too hard to follow" to "clutter".
But despite this variety of, let me call it "general unspecific criticism", they all share the same red line: they never talk about the data.
I don't need to energize much braincells to understand why, there are people out here that see others as milking cows whose profit requires their errors, and the error proneness drops with the amount data.
"Simples".
 
Pirocco said:
trader10 said:
Also resides in SilverDoctors Blind Zone. :D
Click to expand...


I guess some people don't understand the "Blind Zone" as you mentioned..... well.....they might be color blind ? lol :D


Merry Xmas mate..... :cool:
Click to expand...
It's not about colors, it's about data, and not just a selection, but as much as possible, as to get the best possible idea of what reality is.
dragafem names the data 'clutter'.
Yet, SilverDoctors also uses data, only that they only show you a part of it, the part that suggest the act that benefits their accounts, not yours.
To explain it in plain words: imagine this sequence:
1) You have 5 red Xmas balls.
2) I donate you another 5 red Xmas balls.
3) I take 10 red Xmas balls from you.
What does SilverDoctors & Co do: they dig 3) to claim that you now have 10 red Xmas balls, mate :cool:
Click to expand...

Ok data boy... I've supplied the silverdoctor's link because it was convinient... I don't even read them bloody website for research... it's up to each individual that is interested to click on the link(blind zone as you call).....

But, I was more than happy when you through in the data as reply......

So, don't be a smartie panties... just because you think your way is the right way....... MERRY XMAS by the way.....

Why is so many grumpy people on the end of year..... I still cannot figure it out......

cheers
 
trader10 said:
Pirocco said:
trader10 said:
I guess some people don't understand the "Blind Zone" as you mentioned..... well.....they might be color blind ? lol :D


Merry Xmas mate..... :cool:
Click to expand...
It's not about colors, it's about data, and not just a selection, but as much as possible, as to get the best possible idea of what reality is.
dragafem names the data 'clutter'.
Yet, SilverDoctors also uses data, only that they only show you a part of it, the part that suggest the act that benefits their accounts, not yours.
To explain it in plain words: imagine this sequence:
1) You have 5 red Xmas balls.
2) I donate you another 5 red Xmas balls.
3) I take 10 red Xmas balls from you.
What does SilverDoctors & Co do: they dig 3) to claim that you now have 10 red Xmas balls, mate :cool:
Click to expand...

Ok data boy... I've supplied the silverdoctor's link because it was convinient... I don't even read them bloody website for research... it's up to each individual that is interested to click on the link(blind zone as you call).....

But, I was more than happy when you through in the data as reply......

So, don't be a smartie panties... just because you think your way is the right way....... MERRY XMAS by the way.....

Why is so many grumpy people on the end of year..... I still cannot figure it out......

cheers
Click to expand...
Hey, do you think playing smartie panties is my concern?
My concern is a bunch speculators whose savings can buy back what they produced, instead of giving it away to the central planning parasitic club.
There is no problem in linking silverdoctors articles, just like you shouldnt see a problem in another part of the story.
My reply was just the style of yours. Compare. Call it green, call it blue, call it grumpy, it's just a bounce back.
What I named as 'Blind Zone' is not what you read on silverdoctors. It's what you do NOT read there, and what my posts are purposed to make more complete. Notice my terminology here: I don't say 'complete', but 'more complete'. I'm sure that govt and central banks and their buddies have the most complete data. All the data I gathered was free available. If it wasn't, I wouldn't have it. Some others out there have the bucks and the privileges to pay or do something back for it.
MERRY XMAS by the way and cheers by the way too. :D
 
Hey, do you think playing smartie panties is my concern?
My concern is a bunch speculators whose savings can buy back what they produced, instead of giving it away to the central planning parasitic club.
There is no problem in linking silverdoctors articles, just like you shouldnt see a problem in another part of the story.
My reply was just the style of yours. Compare. Call it green, call it blue, call it grumpy, it's just a bounce back.
What I named as 'Blind Zone' is not what you read on silverdoctors. It's what you do NOT read there, and what my posts are purposed to make more complete. Notice my terminology here: I don't say 'complete', but 'more complete'. I'm sure that govt and central banks and their buddies have the most complete data. All the data I gathered was free available. If it wasn't, I wouldn't have it. Some others out there have the bucks and the privileges to pay or do something back for it.
MERRY XMAS by the way and cheers by the way too. big_smile
Click to expand...


Didn't mean to get you all cracked up mate..... I like data too... I use more than headlines that any good writer can splash on the media.


"PIROCCO" Non si vive in Italia o sono italiano ? Avere un buon Natale e nuovi anni e mangiare e bere bene

cheers
 
Your 100 B of USD Reserves is not backed, Russia's central banks published figures are dollar equivalent totals, meaning that if they had a 45%USD 45%Euro and 10%Yen consistency, they convert Euro and Yen parts to USD in order to get a USD total. So, that 100B Reserves drop can have been Euro's instead, or Yen, or any mix.

This is a recent article I found:
http://articles.economictimes.india...154211_1_overall-reserves-forex-reserves-euro
"Central banks typically have fixed ratios that they allocate to dollars, euros and other currencies in their reserves," said Neil Mellor, strategist at Bank of New York Mellon.

"So if overall reserves are shrinking, you have to sell euros and other currencies so that the ratios are maintained. The decade-long diversification process which has helped the euro will reverse and the euro will be the hardest hit."

The US dollar's share of global foreign currency reserves was around 61 percent and the euro's 24 percent at the end of the second quarter, based on IMF data.

That compared with 61.8 percent and 23.8 percent respectively in the same period of 2013. In 1999, when the euro was introduced, the single currency's share was 17.8 percent, but that has steadily risen, mostly at the expense of the dollar. During that time, the euro has gained almost 20 percent against the greenback.

"In the past, passive diversification by sovereigns has compressed volatility, boosted the euro and high-yield G10 currencies," said Geoffrey Yu, currency strategist at UBS.
Click to expand...
And the current multiyear high dollar and multiyear low euro level, just indicate that.
A currency rises due to buying, and drops due to selling. The dollar is now high, the euro is now low. That indicates Euro reserves are sold, not dollar reserves.
And the Treasury.gov data shows exactly this.
It is said in this article that the IMF will release reserves data at the end of december, so in the next days.
Question is if the data will need to be paid for. So far I couldn't find any relevant data without ending up on a price tag.
Nevertheless, if one puts everything (exchange rates, europeans policitians economical boycot) together, then Russia's reserves drop must be Euro's rather than dollars. The trading with the Euro zone dropped due to the sanctions and counter sanctions. Reserves of country X currency are used to buy stuff in / import stuff from that country X. It's useless to hold reserves from a country you don't trade with. The Euro <> Russia trading dropped. Consequentially, Russia's Euro reserves have a reason to be dumped.
 
And another article there, states exactly that:
http://articles.economictimes.india...rves-foreign-currency-assets-reserve-position
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves.

Reserve Bank Governor Raghuram Rajan has described the fall in reserves as dip in valuation with appreciation of dollar against other currencies.

"In the recent weeks the dollar has been appreciating against the other currencies. Therefore, when we look at our reserves in dollar terms, they have been coming down," Rajan had said on the policy day on Tuesday.

He added that the fall in the forex kitty was not due to the central bank selling the greenback.
Click to expand...
Date: oct 3 2014
So all those topics about countries/govts dumping US dollars, well ehm...
 
Pirocco said:
Your 100 B of USD Reserves is not backed, Russia's central banks published figures are dollar equivalent totals, meaning that if they had a 45%USD 45%Euro and 10%Yen consistency, they convert Euro and Yen parts to USD in order to get a USD total. So, that 100B Reserves drop can have been Euro's instead, or Yen, or any mix.

This is a recent article I found:
http://articles.economictimes.india...154211_1_overall-reserves-forex-reserves-euro
"Central banks typically have fixed ratios that they allocate to dollars, euros and other currencies in their reserves," said Neil Mellor, strategist at Bank of New York Mellon.

"So if overall reserves are shrinking, you have to sell euros and other currencies so that the ratios are maintained. The decade-long diversification process which has helped the euro will reverse and the euro will be the hardest hit."

The US dollar's share of global foreign currency reserves was around 61 percent and the euro's 24 percent at the end of the second quarter, based on IMF data.

That compared with 61.8 percent and 23.8 percent respectively in the same period of 2013. In 1999, when the euro was introduced, the single currency's share was 17.8 percent, but that has steadily risen, mostly at the expense of the dollar. During that time, the euro has gained almost 20 percent against the greenback.

"In the past, passive diversification by sovereigns has compressed volatility, boosted the euro and high-yield G10 currencies," said Geoffrey Yu, currency strategist at UBS.
Click to expand...
And the current multiyear high dollar and multiyear low euro level, just indicate that.
A currency rises due to buying, and drops due to selling. The dollar is now high, the euro is now low. That indicates Euro reserves are sold, not dollar reserves.
And the Treasury.gov data shows exactly this.
It is said in this article that the IMF will release reserves data at the end of december, so in the next days.
Question is if the data will need to be paid for. So far I couldn't find any relevant data without ending up on a price tag.
Nevertheless, if one puts everything (exchange rates, europeans policitians economical boycot) together, then Russia's reserves drop must be Euro's rather than dollars. The trading with the Euro zone dropped due to the sanctions and counter sanctions. Reserves of country X currency are used to buy stuff in / import stuff from that country X. It's useless to hold reserves from a country you don't trade with. The Euro <> Russia trading dropped. Consequentially, Russia's Euro reserves have a reason to be dumped.
Click to expand...

There is plenty of data out there backing it up.... you just have to find it..... go and get it son...... you have teeth chew your own food boy..... little taste below...

4q4ps0.jpg



good luck with your research.....
 
Has anyone else noticed that those big energy deals Russia has been signing are not dollar denominated? The Ruble falls, Russia does a bunch of energy deals that require rubles and it buys up rubles using US dollar reserves to do so. Did the US really deliver an economic kick in the guts to Russia? Or is Russia pulling off an economic martial arts move in that they've used the predictability of an attack on Russia's currency, the hubris of the US, against the US, letting the ruble fall and then taking advantage of it to divest themselves of USD while hoovering up rubles on the cheap which then helps to shore up the ruble which starts to recover? I'm just speculating... Thoughts anyone?
 
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