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filipo

filipo
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  • China's Gold Reserves: A Strong Dose Of Reality [View article]
    James,
    "There is no such thing as "unofficial" gold reserves. "Official gold reserves" refers to government held reserves. Period. All other gold is held in private hands."

    Well in the case of China, bullion banks and CIC and SAFE are State owned and thus their gold reserves should be taken into account too.
    They're unofficially official:
    http://bit.ly/1I9Uc9P
    Jul 21, 2015. 01:17 AM | Likes Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality [View article]
    tries,
    Nobody ?
    Jul 21, 2015. 01:10 AM | Likes Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality [View article]
    James,
    I know, but is the event that gave cause to your article not rather much ado about nothing ?

    I mean, if you consider the fact that China has been importing and mining so much gold since 2009, it is clear that China is fond of hoarding gold, whether that be through its PBoC or through other entities like CIC or SAFE or Chinese bullion banks.
    Unless you have evidence of the contrary, I do not think China has ever exported an oz of gold, except some minor quantities to HK and even that can be considered as intra-nation trade.

    So the Q should rather be, if you want to stick to that 1,658 tonnes disclosure by the PBoC, where has all the Chinese gold gone ?
    Probably gone public, probably gone to other Chinese banks.
    Jul 21, 2015. 01:05 AM | Likes Like |Link to Comment
  • Gold Falls More Than 4% In Under A Minute - Here Is What Investors Need To Know [View article]
    Oh yes, and Subprime was a Russian invention.
    And Madoff for sure was Chinese.
    Jul 21, 2015. 12:51 AM | 2 Likes Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality [View article]
    James,
    You mean, "Official China" I may hope.
    "Private China" or "non-official China" has been accumulating, as you sure know.
    I'm not so sure the hundreds of articles you refer to made that distinction.

    As for me, I don't think it is so important to ascertain whether it's official China or non-official China who does the hoarding. Fact is somebody out there is collecting gold like hell and we, the West, are glad to get rid of it.
    Jul 20, 2015. 05:22 PM | 4 Likes Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality [View article]
    ger,
    Here is to illustrate how little the Chinese (and Indians) are interested in gold:

    http://bit.ly/1CRZkmU
    Jul 20, 2015. 05:11 PM | 1 Like Like |Link to Comment
  • Gold Falls More Than 4% In Under A Minute - Here Is What Investors Need To Know [View article]
    The flash crash right after China revealed it's 1,658 tonnes says it all: the entity who caused the flash crash did not want the market to take profit from China's "giant leap forward":
    http://bit.ly/1CLWvUy

    It started in the US on Comex !

    China should get crushed:

    http://bit.ly/1CLWwYK
    Jul 20, 2015. 04:19 PM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    greg,

    you mean "down" like in "India's gold demand ups in 2015" ?

    http://bit.ly/1CRZkmU
    Jul 20, 2015. 08:41 AM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Ben,

    I consider the flash-crash-part of the story that played out on the futures market as manipulation.

    Not sure that the Chinese who were heavily and on leverage invested in equities are the same Chinese who had been buying gold.
    Jul 20, 2015. 08:35 AM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    QP,
    Quite unusual indeed, this PBoC announcement, is it not ?
    With the Chinese scrambling and the Greeks on the ropes, gold must be flowing, I guess.
    Elliott will be pleased..
    Jul 20, 2015. 03:03 AM | 3 Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    “The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society."
    Jul 20, 2015. 02:56 AM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    English Patients ?
    Jul 20, 2015. 02:46 AM | 1 Like Like |Link to Comment
  • Avoid GLD As The Fed Gets Bullish [View article]
    FX,
    Maybe there's 1 detail you overlooked:

    http://bloom.bg/1fX4ap3
    Jul 20, 2015. 02:44 AM | Likes Like |Link to Comment
  • Are You Preparing For $10,000 Gold? [View article]
    Robert,

    Some recovery:

    http://bloom.bg/1fX4ap3

    !
    Jul 20, 2015. 02:42 AM | 1 Like Like |Link to Comment
  • Greece Bailout Agreement Adds To GLD Selling Pressure [View article]
    Greece will eventually exit anyway when it will appear that neither of the conditions are fullfilled.
    As to a possible US rate hike, has the author ever considered what the impact of even the slightest rate increase will be on public debt ?
    Once the 100% debt/GDP threshold crossed, there is no way back except introducing full speed ahead inflation.
    Which is excellent for gold.
    In that respect I'm more than curious how the case of Puerto Rico debt will be solved. It might give us an indication on how the elites conceive the way to take.
    Jul 14, 2015. 08:00 PM | 1 Like Like |Link to Comment
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