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File: 1439846270501.jpg (43.99 KB, 1000x541, 1000:541, 1017075998.jpg)

 No.151

Russia, China to Create Entirely Different Gold Market

While key Western banks are artificially restraining gold prices to breathe life into the diluted and devalued dollar system, Russia, China and other emerging economies are involved in "the genial move" to establish an entirely different gold market, F. William Engdahl underscores.

Key central banks, particularly the Federal Reserve and Bank of England, and Western market players have long been accused of clandestine gold price manipulating aimed at preserving the dollar's role "as world reserve currency primus," American-German economic researcher and historian F. William Engdahl writes.

"The COMEX gold futures market in New York and the Over-the-Counter (OTC) trades cleared through the London Bullion Market Association do set prices which are followed most widely in the world. They are also markets dominated by a handful of huge players, the six London Bullion Market Association gold clearing banks — the corrupt JP MorganChase bank; the scandal-ridden UBS bank of Zurich; The Bank of Nova Scotia — ScotiaMocatta, the world's oldest bullion bank which began as banker to the British East India Company, the group that ran the China Opium Wars; the scandal-ridden Deutsche Bank; the scandal-ridden Barclays Bank of London; HSBC of London, the house bank of the Mexican drug cartels; and the scandal and fraud-ridden Societe Generale of Paris," Engdahl narrated.

Furthermore, Western banks are issuing numerous paper "gold-futures" and other speculative contracts which are in fact disconnected from real physical gold.

In a word, operations with the precious metal in London and New York are in questionable hands, the economic researcher noted.

The West's ultimate goal is to preserve the dollar's monopoly in the market thus breathing life into the US-led global financial system. But no one likes monopolists.

Predictably, the current state of affairs cannot satisfy rising economies, such as China, Russia and other emerging powers.

However, "[r]ather than scream and cry 'fraud' at the owners of the COMEX/CME or the London Bullion Market Association Big Six clearing banks, these countries are involved in the genial move to create an entirely different gold market, one that not JP MorganChase or HSBC or Deutsche Bank control, but one that China, Russia and others of a like mind control," Engdahl stressed.

This new approach is connected closely with the China-led New Silk Road project and the Shanghai-based Asian Infrastructure Investment Bank (AIIB).

In May 2015 Beijing announced it had established a state-run gold investment fund, aiming to bolster China's role in global gold trade. The new initiative is a part of China's ambitious One Belt and One Road plan. The "Silk Road Gold Fund" will invest in mining projects in the regions along the New Silk Road encouraging central banks of its members to increase their holdings in the precious metal.

"As China has expressed it, the aim is to enable the Eurasian countries along the Silk Road to increase the gold backing of their currencies. That sounds very much like some clear-thinking and far-sighted governments are thinking of creating a stable group of gold backed currencies that would facilitate orderly trade free from Washington currency wars," the economic researcher elaborated.

http://sputniknews.com/business/20150816/1025811280.html

 No.152

This was taken from a related topic on silver and gold. I like intellectual comments, so here is a backup from /n/

Anonymous 08/15/15 (Sat) 22:26:40 No.115709

http://8ch.net/n/res/109088.html#115709

"China has greatly understated its gold reserves, so as not to threaten the status quo. Their hope a couple of weeks ago was to show a humble, yet respectable gold reserve figure, so the US-controlled IMF would let the renmibi into the SDR basket, after the IMF had promised them they'd be allowed in.

The IMF then turned around, and said no, so China said "fuck it" and unlinked the the yuan from the US dollar, resulting in overnight devaluation. This is now making it very difficult for the US Fed to raise interest rates. This is going to completely fuck the US dollar.

Right now is perhaps the best time and final time to be buying gold and/or silver, before SHTF.

All of the indicators are pointing towards precious metals having hit bottom and bullish moves are on the horizon.

Of course, there may be another move downwards, a final capitulation, or if SHTF and the stock market crashes in September, margin calls will be issued and investors will have to dump their metal assets to cover their positions, temporarily driving the price down. So if you do buy, have strong hands and hold."

/realnews/ 08/16/15 (Sun) 16:05:37 No.116248

http://8ch.net/n/res/109088.html#116248

"Yes. That's the way I see it too. Lots of evidence suggests they're going to dump ALL the US T-bonds within the next year or so. They might even consider starting an *alternative to the SDR, perhaps a gold-backed standard for the RMB is officially in the plans? No matter what - even though China has a lot of debt, they have all the manufacturing capacity, mineral reserves, agriculture, and even alternative trades *outside the US petro-dollar to be able to pay that debt off and revive their economy once again.

The US? We outsourced our jobs to countries like China and India. We have dwindled gold reserves (likely not near the amount we should). 1.5 quadrillion worth in derivative debt. + Student loan debt. + mass amounts depending on food banks, welfare, social security, medicaid, etc. Record unemployment. Energy companies are filing bankruptcy as I type this. Our mining industry is now in shatters due to all the EPA regulations. WE ARE FUCKED! Sorry. Fucked! Screwed! Over!

China has already won the currency war."


 No.168

This is what Jim Willie was pointing out all along. Looks like this guy was correct. Here are most of his past interviews (new interviews will be included when released):

https://mega.co.nz/#F!2ZNDHDyY!37-rElRY2dYtmqmazAkqrA


 No.316

File: 1441116899326.jpg (167.7 KB, 938x535, 938:535, EEU_roundtable.jpg)

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.

This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.

The bill would also help to facilitate trade in the region and help to achieve macro-economic stability.

Within the framework of the Eurasian Economic Union (EEU) the countries have also discussed the possibility of switching to national currencies. According to the agreement between Russia, Belarus, Armenia and Kazakhstan, an obligatory transition to settlements in the national currencies (Russian ruble, Belarusian ruble, dram and tenge respectively) must occur in 2025-2030.

Today, some 50 percent of turnover in the EEU is in dollars and euro, which increases the dependence of the union on countries issuing those currencies.

Outside the CIS and EEU, Russia and China have been trying to curtail the dollar’s dominance as well.

In August, China’s central bank put the Russian ruble into circulation in Suifenhe City, Heilongjiang Province, launching a pilot two-currency (ruble and yuan) program. The ruble was introduced in place of the US dollar.

In 2014, the Russian Central Bank and the People’s Bank of China signed a three-year currency swap agreement, worth 150 billion yuan (around $23.5 billion), thus boosting financial cooperation between the two countries.

https://archive.is/ycfVO

http://www.infowars.com/putin-says-dump-dollar/


 No.343

>>316

Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar. If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States. In addition to Russia, that list of countries includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan. Obviously this would not mean “the death of the dollar”, but it would be a very significant step toward the end of the era of the absolute dominance of the U.S. dollar. Most people don’t realize this, but more U.S. dollars are actually used outside of the United States than are used inside this country. If the rest of the planet decides to stop accumulating dollars, using them to trade with one another, and loaning them back to us at ultra-low interest rates, we are going to be in for a world of hurt. Unfortunately for us, it is only a matter of time until that happens.

When I first read the following excerpt from a recent RT article, I was absolutely stunned…

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.

This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.

For a long time, tensions have been building between the United States and Russia over Syria, Ukraine, the price of oil and a whole host of other issues. But I didn’t anticipate that things would get to this level quite yet. It is expected that Putin’s new bill will become law, and this is only one element of a much larger trend that is now developing.

You see, the truth is that Russia and China have both been dumping dollar-denominated assets for months. The following comes from a recent piece by Mac Slavo…

Last year Russia began unloading massive amounts of their US dollar reserves. In the month of December 2014 alone Putin sold some 20% of the country’s U.S. Treasurys, a move that further increased tensions surrounding what can only be described as economic warfare between East and West.

Then, as if part of a coordinated effort, this summer it was revealed that China had implemented a similar strategy, dumping half a trillion in dollar denominated assets.

But that’s just the beginning of the end for the US dollar. Amid a major meltdown in Chinese stock markets the People’s Republic sold off billions in dollar assets last week in what was reported to be an effort to stabilize their collapsing financial markets.

And now, as Russia’s economy collapses under the weight of American and European sanctions, including what many believe to be widespread downward manipulation of oil prices, Vladimir Putin is sending a clear signal to the central bank of the world’s reserve currency.

https://archive.is/r5w0l


 No.510

File: 1442870262876.png (270 KB, 735x563, 735:563, russian-gold-reserves.png)

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday.

The monthly accumulation of 1 million ounces in just one month was one of the more sizeable monthly purchases by China and equates to 31.1 metric tonnes in August alone.

The value of the bank’s holdings rose to $47.68 billion from $44.96 billion a month earlier, Russia said in a statement on its website.

The amount bought was more than the 30.5 metric tons that Russia purchased in March, then the highest amount in six months.

Russia is now the seventh biggest holder of gold reserves after the U.S, Germany, the IMF, Italy and France and the rising gold power China. Russia has more than tripled its reserves since 2005 and holds the most gold bars since at least 1993, International Monetary Fund data shows.

Nations globally have been increasing their gold holdings in recent years, a reversal from two decades of selling. China, Kazakhstan, Ukraine and Belarus are among other nations that have been accumulating gold.

https://archive.is/23a32

http://www.goldcore.com/us/gold-blog/russians-buy-gold-bars-1-million-ounces-in-august-alone/


 No.511

File: 1442870567738.png (39.88 KB, 651x385, 93:55, Pedal-6.png)

However, the real show-stopper continues to be China, where the average shoppers removed nearly another 74 tonnes of gold from deliverable stockpiles in just one week!

At this rate, Chinese demand will account for more than 2,500 tonnes, and perhaps as much as 2,600 (a new record) in 2015, and that’s just through Shanghai! It’s not just Shanghai where the gigantic demand is reflecting either, as recently there were different days in Hong Kong, where the exchange there delivered over 19 tonnes of kilo bars, each in a single day!

However, these gold deliveries in China are now clearly affecting the vaults in the City of London. Just have a gander at this excellent chart via Koos Jansen, on the steady outflow of gold toward China.

Hundreds of tonnes of gold (that we know of), are leaving London, and that’s just a crying shame! What just happened last week however, with Yellen’s interest rate decision will only serve to increase that gold demand higher.

However … as bad as that was for global confidence, it’s what financial analysts are now pushing for as the next ‘solution’, which will truly blast gold and silver demand into stratospheric heights!

https://archive.is/KmbZa


 No.1077

File: 1448909658016.jpg (132.9 KB, 899x469, 899:469, Shanghai-Gold-Exchange-SGE….jpg)

First, withdrawals from the vaults of the Shanghai Gold Exchange (SGE), our best measure for Chinese wholesale gold demand, accounted for 49 tonnes in week 44 (9 – 13 November), up 9 % from the previous week. Year to date SGE withdrawals have reached 2,259 tonnes, which is already more than any previous yearly total.

Seasonally, SGE withdrawals are the highest around new year, therefore I expect them to increase from current levels before the end of 2015 – perhaps transcending 60 tonnes a week. Chinese people traditionally exchange gifts during new year and lunar year, often in the form of gold.

As SGE vaults have likely been depleted from July until September – after the crash in the Chinese stock market withdrawals skyrocketed – I don’t expect Chinese gold imports will decline until January 2016. Year to date China has net imported 1,058 tonnes, according to lagging data released by various customs departments around the world.

The most recent data from Swiss customs points out there were 29 tonnes of gold shipped directly to China mainland in October, up 34 % m/m. Year to data (Jan – Oct) Switzerland has net exported 217 tonnes directly to China.

A couple of years ago all net gold export from the UK (a large supplier of gold to the East) to China flowed via Switzerland or Hong Kong. Because the UK has started to export gold directly to China since 2014, Swiss gold exports to China have been somewhat decreasing.

Year to date (Jan – Sep) Hong Kong has net exported 582 tonnes directly to China.

Year to date (Jan – Sep) the UK has net exported 210 tonnes directly to China.

Year to date (Jan – July) Australia has net exported 49 tonnes directly to China.

https://archive.is/2A2n9

http://www.silverdoctors.com/swiss-gold-exports-to-china-skyrockets-in-october/


 No.1087

File: 1449000157525.png (35.65 KB, 582x349, 582:349, Russian-central-bank-gold-….png)

Russia Adds 600,000oz of Gold to Reserves in October

Year to date the Russian Central Bank has added 5,300,000 ounces (164.8 tonnes) of gold to its reserves.

Russia has added more gold to its reserves since September 2014 (8,300,000 oz) than COMEX has in its vaults (7,530,000 oz.)

Russian Gold Reserves

Today, the Central Bank of the Russian Federation issued its official October 2015 reserves and other foreign currency assets report. The report indicated that Russian gold reserves increased by 600,000 ounces from its September 2015 report to 44.1 million ounces.

Since 2009 Russia has added more than 763 tons of gold to its reserves more than China who added (668 tons) during the same time period.

Russia’s massive additions to its gold reserves come at a time when they are seeing their biggest decline in wages and retail sales since 1999.

Russia’s top central banker Elvira Nabiullina said recently “Regarding gold and foreign currency reserves, we have the desired benchmark of $500 bln, and not in the three-year term, it could be 5-7 years and more. We believe it is necessary in terms of creating additional financial cushion for the state in the face of such external uncertainties.”

Russia has been re-balancing its foreign reserves to favor gold vs. U.S. Treasury Bonds. Russia’s gold buying binge had coincided with a steady sell off of her U.S. Treasuries.

https://archive.is/GXnfk

http://www.silverdoctors.com/russia-adds-stunning-600000-oz-of-gold-to-reserves-in-october/


 No.1423

Russia Says NO To Cashless Society! Kremlin Hints New Coming Gold Standard!

http://www.youtube.com/watch?v=NeWY-beyt50

http://www.fast-files.com/getfile.aspx?file=108733

Vladimir Putin is pushing for a gold-backed currency, ditching fractional reserve banking, and delivering a defiant rebuke to the Western world’s move towards a digital-only cashless society, according to a report circulating in the Kremlin on Friday. President Putin swears he will NEVER stop the circulation of cold hard cash because he considers digital-only cashless currency to be a New World Order tactic to gain control over the public.

President Putin has stated his desire to destroy the Illuminati in 2016, and according to Kremlin insiders he believes disrupting the global banking cartel’s plan to ban cash is a key campaign in his war against the New World Order.

The Rothschild controlled global banking lobby want a digital cashless system because this will give them even more control over us. They want to monitor and control every single transaction, while destroying real world currencies so they can issue money that doesn’t exist, creating impossible financial burdens for the masses, all the while accumulating extraordinary real wealth and power for themselves.

A larger global currency shift is underway…

Things are definitely in motion. Call it a game of musical chairs, or an exercise in rearranging chairs on the Titanic, or just that a tilting balance of power. Just don’t make the mistake of thinking this is all routine. China has been quietly stockpiling gold for years now. In fact, it is stockpiling so much gold that many have speculated that it may be building a gold-backed yuan currency that would make the Dollar pale in comparison on the global market.

Royal Bank of Scotland is warning their investors to sell virtually all their investments. More than that, Putin has been positioning his motherland to team up with China to solidify the emerging BRICS system which aims to thwart decades of Anglo financial dominance with a un-dollar currency system that will also include a development bank.

http://archive.is/GvMV8

http://thedailycoin.org/?p=64703




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