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World Gold Council has now confirmed the Chinese are going to back the yuan with gold.

 
No Dhimmi
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01/25/2013 02:37 PM

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World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
. . .I want to make KWN readers aware of is the report which was commissioned by the World Gold Council. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold. This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency.

[link to kingworldnews.com]


The Chinese are laughing at this. I’ve mentioned before that China plans to use gold as part of their (future) reserve currency. I’ve heard this directly from a Chinese diplomat. Every action China does supports this (reality). Last year they imported at least 1,000 tons of gold.


[link to kingworldnews.com]

[link to kingworldnews.com]
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
No Dhimmi (OP)
Proud Infidel

User ID: 198576
United States
01/25/2013 02:50 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Gold Coin
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 29001636
United States
01/25/2013 02:52 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
. . .I want to make KWN readers aware of is the report which was commissioned by the World Gold Council. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold. This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency.

[link to kingworldnews.com]


The Chinese are laughing at this. I’ve mentioned before that China plans to use gold as part of their (future) reserve currency. I’ve heard this directly from a Chinese diplomat. Every action China does supports this (reality). Last year they imported at least 1,000 tons of gold.


[link to kingworldnews.com]

[link to kingworldnews.com]
 Quoting: No Dhimmi


well there is the end of the dollar and the us economy. thank you us govt another job well done.
No Dhimmi (OP)
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User ID: 198576
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01/25/2013 02:53 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Dollar Value
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Justalittlebad

User ID: 1391964
United States
01/25/2013 02:57 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
. . .I want to make KWN readers aware of is the report which was commissioned by the World Gold Council. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold. This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency.

[link to kingworldnews.com]


The Chinese are laughing at this. I’ve mentioned before that China plans to use gold as part of their (future) reserve currency. I’ve heard this directly from a Chinese diplomat. Every action China does supports this (reality). Last year they imported at least 1,000 tons of gold.


[link to kingworldnews.com]

[link to kingworldnews.com]
 Quoting: No Dhimmi


well there is the end of the dollar and the us economy. thank you us govt another job well done.
 Quoting: Anonymous Coward 29001636


Sadly this^^^^
Justalittlebad/more or less
Crash Landed On Earth

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01/25/2013 02:58 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Yet another good find No Dhimmi.

It will be very interesting to see if the price disconnect in paper PMs and physical continues to decouple after this. Only one way to protect from that!! Stack! Stack! Stack!

bump
No Dhimmi (OP)
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01/25/2013 03:02 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
SilverTardsWeRid
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
SENTINAL 1

User ID: 1149758
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01/25/2013 03:02 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
where is this "document" they speak of ??????
"CONSIDER the SOURCE"- search the origins!!!!
Anonymous Coward
User ID: 7111634
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01/25/2013 03:06 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
game, set, match
No Dhimmi (OP)
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01/25/2013 03:13 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
The OMFIF report includes a foreword by Prof. Lord (Meghnad) Desai, chairman of the OMFIF Advisory Board. He states: ‘As China weighs up its options for joining in the reserve asset game, gold – the official asset that plays no formal part in the monetary system, yet has never really gone away – is poised, yet again, to play a pivotal role.’



[link to www.gold.org]

Link to the report is located at this link
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
SENTINAL 1

User ID: 1149758
United States
01/25/2013 03:14 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
The OMFIF report includes a foreword by Prof. Lord (Meghnad) Desai, chairman of the OMFIF Advisory Board. He states: ‘As China weighs up its options for joining in the reserve asset game, gold – the official asset that plays no formal part in the monetary system, yet has never really gone away – is poised, yet again, to play a pivotal role.’



[link to www.gold.org]

Link to the report is located at this link
 Quoting: No Dhimmi


thank you....
"CONSIDER the SOURCE"- search the origins!!!!
SwanSong
User ID: 1261955
United States
01/25/2013 03:16 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
. . .I want to make KWN readers aware of is the report which was commissioned by the World Gold Council. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold. This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency.

[link to kingworldnews.com]


The Chinese are laughing at this. I’ve mentioned before that China plans to use gold as part of their (future) reserve currency. I’ve heard this directly from a Chinese diplomat. Every action China does supports this (reality). Last year they imported at least 1,000 tons of gold.


[link to kingworldnews.com]

[link to kingworldnews.com]
 Quoting: No Dhimmi


well there is the end of the dollar and the us economy. thank you us govt another job well done.
 Quoting: Anonymous Coward 29001636


Sadly this^^^^
 Quoting: Justalittlebad


silly.

Itis the Jew's "economy" that will collapse, not ours. We donot have one, dummy ! We have to start from scratch.
LonghairKing

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01/25/2013 03:16 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Is this news somehow causing gold to drop this week?
wtf
Anonymous Coward
User ID: 21904037
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01/25/2013 03:18 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
The "YUAN" is a joke of a currency and so is China. Their country is a shithole aside from a few decent areas. Their government treats their people like shit and spies on their every phone call, email, etc. The suppress freedom of speech and when they want to build a building for example, the government will just bulldoze whatever is in the way and not compensate or help any of their people who might be living in that space. Fuck China, again its a shit hole.
G3
G3

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01/25/2013 03:20 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Gold Coin
 Quoting: No Dhimmi


chinagold2
No Dhimmi (OP)
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User ID: 198576
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01/25/2013 03:21 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
The "YUAN" is a joke of a currency and so is China. Their country is a shithole aside from a few decent areas. Their government treats their people like shit and spies on their every phone call, email, etc. The suppress freedom of speech and when they want to build a building for example, the government will just bulldoze whatever is in the way and not compensate or help any of their people who might be living in that space. Fuck China, again its a shit hole.
 Quoting: Anonymous Coward 21904037


I fear we are heading in this direction - some of this is already true for the USA - very sad
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
G3
G3

User ID: 1531577
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01/25/2013 03:22 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Anonymous Coward
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01/25/2013 03:23 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Is this news somehow causing gold to drop this week?
wtf
 Quoting: LonghairKing


No its the options expiry early next week on the February contracts through the Comex. (paper Gold that could turn into physical if they dont drive the options prices into the ground and make them worthless)
No Dhimmi (OP)
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01/25/2013 03:23 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
‘Gold will increasingly have a renewed role in the global monetary system, attracting a higher level of attention from policy-makers and financial market practitioners.’

Quote from the report
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
G3
G3

User ID: 1531577
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01/25/2013 03:27 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Beijing smog comparison August 2005

[link to en.wikipedia.org]

Two photos taken in the same location in Beijing in August 2005. The photograph on the left was taken after it had rained for two days. The right photograph shows smog covering Beijing in what would otherwise be a sunny day.

wtf
Anonymous Coward
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Poland
01/25/2013 03:33 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
bumpbumpbump
Anonymous Coward
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01/25/2013 03:36 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
The "YUAN" is a joke of a currency and so is China. Their country is a shithole aside from a few decent areas. Their government treats their people like shit and spies on their every phone call, email, etc. The suppress freedom of speech and when they want to build a building for example, the government will just bulldoze whatever is in the way and not compensate or help any of their people who might be living in that space. Fuck China, again its a shit hole.
 Quoting: Anonymous Coward 21904037


I fear we are heading in this direction - some of this is already true for the USA - very sad
 Quoting: No Dhimmi


Yup,replace China with USA and that sound about right
Anonymous Coward
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01/25/2013 04:05 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
I remember reading a short while ago about the requests being made to China from the West, to ease the currency rate in order to ensure the other countries could continue operating based on the USD and after a pause, China agreed.

This time around, they won't be hearing pleas and now we can clearly see the global shift in economic power being relinquished by the West at work.
Anonymous Coward
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01/25/2013 04:11 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
MARCH 17, 2010

Last Thursday President Obama made a fairly strong speech in which he urged China to adopt a "more market-oriented exchange rate". The timing of the speech was important. On April 15 the US Treasury department will release its report stating whether or not China is a "currency manipulator", and it is hard to believe that the Treasury department is not facing some pretty stiff pressure.

China's response to Obama's speech was pretty rapid and pretty angry. According to an article in the Saturday issue of the Financial Times

Su Ning, a deputy governor of the Chinese central bank, said the US should not "politicise" China's currency policy..."We always refuse to politicise the yuan exchange rate issue and we never think that one country should ask another for help in solving its own problems," Mr Su said on Friday.


'How will an RMB revaluation affect China, the US, and the World?'MICHAEL PETTIS [link to www.greenfaucet.com]
No Dhimmi (OP)
Proud Infidel

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01/25/2013 04:16 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Add to this the fact that China is very quiet about thier gold purchases. We really do not know the extent of thier holdings. We may all be shocked when this is known.
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Omniscient1

User ID: 25801142
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01/25/2013 04:20 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
All of your dollars belong to us
Anonymous Coward
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01/25/2013 04:29 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
:Gold Coin:
 Quoting: No Dhimmi


What makes you think they will let you keep it?
You owe more than you have.

There are already 2 seperate EO's that 'allow' them to confiscted all financila instruments and all strategic materials which are mined from the earth.

Where does that leave you, when all they have to say is 'National Emergency'?
No Dhimmi (OP)
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01/25/2013 04:32 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Gold Coin
 Quoting: No Dhimmi


What makes you think they will let you keep it?
You owe more than you have.

There are already 2 seperate EO's that 'allow' them to confiscted all financila instruments and all strategic materials which are mined from the earth.

Where does that leave you, when all they have to say is 'National Emergency'?
 Quoting: Anonymous Coward 1310640


Modern Maliltia
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Hard Eight

User ID: 8668963
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01/25/2013 04:37 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Stack the phys!
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson
Anonymous Coward
User ID: 32140920
United Kingdom
01/25/2013 04:40 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
The "YUAN" is a joke of a currency and so is China. Their country is a shithole aside from a few decent areas. Their government treats their people like shit and spies on their every phone call, email, etc. The suppress freedom of speech and when they want to build a building for example, the government will just bulldoze whatever is in the way and not compensate or help any of their people who might be living in that space. Fuck China, again its a shit hole.
 Quoting: Anonymous Coward 21904037


lmfao at u buddy...china regardless of how you may see them is by far the best standing country in the world due to their cunningness to hord the worlds gold. they know whats coming and they know that when the cards are down then whoever has the gold has the power period.

but this was all planned to create a global currency not a chinese currency and with the global currency will come complete digital transaction control over everyone!

but surely all you on GLP knew this yes??
No Dhimmi (OP)
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01/25/2013 04:52 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Indeed, the elite's goal is to force us into a totally digital monetary system - this will increase thier tax revenue as it smashes the black markets
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.

News