| |
  
|
||||||||||
China confirms it will buy 191.3 tons of gold from the IMF
Submitted by cbourne on Mon, 03/08/2010 - 23:27
Looks like China is picking up the gold for sale at the IMF. The dollar collapse could happen within a few years. Check out the Keiser Report on this story: http://www.bullsource.com/keiser-report-21-markets-finance-s... |
|
|||||||||
The Daily Paul is a community website with no official affiliation with Ron Paul or his Presidential Committee. The content of posts and comments on the Daily Paul represent the opinions of the original poster, and are not endorsed, approved, or otherwise representative of the opinions of the Daily Paul, its owner, site moderators or Ron Paul. This site may contain adult language and adult concepts. If you are offended by such content, or feel you may be offended by such content, point your browser to a different site IMMEDIATELY. For more, read the Full Disclaimer
© 2007 - 2011 by The Daily Paul. Not paid for by, nor officially affiliated in any way with Ron Paul. | General Site Disclaimer | DMCA Disclaimer | Advertise here
That's Weird...
...as I remember it, gold went above $1,200 an oz when India bought all that IMF gold. Funny how people remember history in different ways.
"India showed the world its might in November 2009 when it bought 200 tonnes of IMF gold"
http://www.commodityonline.com/news/Value-of-India-gold-reserves-dips-by-$212-million-26241-3-1.html
Gold Charts for Nov. & Dec. 2009
http://www.kitco.com/scripts/hist_charts/monthly_graphs.plx
I am sure these two events had NOTHING to do with each other...right? (wink)
This May Not Be Confirmed Yet
It is possible that this is an exageration of a story from 25-Feb-2010 that hinted they may buy - but with no confirmation.
Rewind to before 25-Feb-2010 : Everyone assumes China will buy the rest of the IMF gold.
Fast Forward to last week : China talks down its gold prospects.
So there is no confirmation but everyone knows they are going to buy it with thier worthless treasuries. (Maybe they are testing the IMF gold for tungsten)
Did you catch the reference to the Greek Gold Stolen By the Nazis that is owed them from Germany. [Time 6:10]
Paul lad I am.
This gives the usurious IMF fiat dollars to lend. Just have to wait and see what China does with the gold. Will she spend it or just leave it lay idle? If the gold is spent to produce goods and services in their country, then it would be a fine example that the U.S. should follow. Know would that be a real stimulus if instead of getting a check borrow by the government from the Fed, if each and every American was paid an ounce of gold!
Can't wait for competing currencies to be decriminalized, would like to trade in gold, silver, platinum and palladium without having to go through the money changers. My personal favorite being palladium, Paul lad I am. Ron Paul for president!
grant
China has confirmed
no such thing.
Source of story
http://english.pravda.ru/business/finance/25-02-2010/112369-...
Pravda...
Right.
IMF
is doing the right thing to head off inflation..
But the loss of gold got to hurt the ego..
But it's part of the plan for world take over, so they both win..
Half a billion dollars, big whoop.
When India bought 6 billion dollars worth the markets hardly batted an eye.
Mobile-Friendly U.S. Constitution
Huh?
...as I remember it, gold went above $1,200 an oz when India bought all that IMF gold. Funny how people remember history in different ways.
"India showed the world its might in November 2009 when it bought 200 tonnes of IMF gold"
http://www.commodityonline.com/news/Value-of-India-gold-reserves-dips-by-$212-million-26241-3-1.html
Gold Charts for Nov. & Dec. 2009
http://www.kitco.com/scripts/hist_charts/monthly_graphs.plx
I am sure these two events had NOTHING to do with each other...right? (wink)
But where is gold now?
Yes, it had a temporary effect, but that was all. I'm talking over a period of, say, a few months, a couple of years, even? These occasional purchases I think are not what drives the price of gold. People need to be fleeing the dollar en masse.
Mobile-Friendly U.S. Constitution
I come up with
About 6.5 billion, ????? Check me
16x 1100
Isn't the number $5B?
12 X $1100 = $13,200
$13,200 X 2000 X 191.3 = $5,050,320,000
Doh!
You're right, my math was off, but I'll still bet it doesn't affect the markets.
Mobile-Friendly U.S. Constitution
No problemo bro.
This was just ONE decimal point.
Just imagine those damn banksters mistakes!
lol to all those who say gold
lol to all those who say gold is gonna collapse and is in a bubble.. exchanging dollars for gold.. something worthless for something of value.. the Chinese are smart people.. let the inflation begin!
“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul
FRN's are not useless....
YET.
'Cause there's a monster on the loose
Should bring a nice boost to
Should bring a nice boost to the gold price when this buy happens.
it won't... goldman and
it won't... goldman and JPMorgan still short paper gold.. it will keep the price in check. But at some point we will see 5000.00 gold..
“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul
True, market manipulation
True, market manipulation recently brought down the silver price, not supply and demand.