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

 
Anonymous Coward
User ID: 32902379
Mexico
01/25/2013 04:57 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
 Quoting: No Dhimmi


And just who controls the black markets, mmmmm?
Anonymous Coward
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United States
01/25/2013 05:14 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
lmao at this idiot talking to a Chinese diplomat what a load of shit
BCHD

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01/25/2013 05:24 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
The UK is getting pretty chummy with China.

Bank of England ready to set up yuan swap line is the headline on reu ters.com
BCHD

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01/25/2013 05:28 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
A possible scenario
"this is hypothetical/extreme"


THE WORDSMITH

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01/25/2013 05:54 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Great... I will change all my worthless FRN's to yaun, then take yuan to change for gold. tomato
"Psychopaths derive their power from the complicity of the populous..."


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Marxist

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New Zealand
01/25/2013 06:10 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


You are an idiot who has no clue as to how capitalism works. The Chinese leadership on the other hand have read "Capital" and know about the nature of the value that lies behind capitalist accumulation. Consequently, someone is fibbing here.

Last Edited by Marxist on 01/25/2013 06:11 PM
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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Italy
01/25/2013 06:32 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??
 Quoting: Anonymous Coward 32140920


Believe it or not...the scenario u depict has been predicted by a prophet: the dragon takin over europe, world currency n mark of the beast (extremely sintetized...)
Google the warning, the second coming


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
 Quoting: No Dhimmi


Hey Dhimmi, I feel an innate sympathy to you, must be your name lol
hope u have lots of ammos, u know they will come
hf

The UK is getting pretty chummy with China.
Bank of England ready to set up yuan swap line is the headline on reu ters.com
 Quoting: BCHD


things are accelerating faster than what i thought, damn..need more gold & silver lol
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
01/25/2013 07:37 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
As of right now, if you take China's numbers on Yuan in circulation and compare the value of that to China's gold reserves it would crater their currency....technically. However, even a partial backing would draw the attention of traders around the world.

I still believe that any move to backed currencies may begin in China, but will be completely coordinated...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
User ID: 33026124
Austria
01/25/2013 07:38 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


Precious Metal Markets (as well as all others) are rigged by the big boys.

Just imagine a Gold price of $4000 dollars.
This would destroy the faith in paper currencys and the system would collapse.

They will keep the price of gold as low as possible at all cost!

They can manipulate with naked shorting and paper certificates. Don't think that anyone can stop them soon.

But the fact that germany demands 700 metric tones of their gold reserves to be shipped back home is just a warning shot.

currency wars going on right now. its pretty obvious. japan is devaluating as well. banana2tomato
Renegade (Me too)

User ID: 31680294
United States
01/25/2013 07:47 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, that certainly explains Germany and Sweden wanting their gold back.
Who is John Galt?
Anonymous Coward
User ID: 15292827
United States
01/25/2013 08:08 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
Oh that can't be sitting good with the central banks.
Anonymous Coward
User ID: 32902379
Mexico
01/25/2013 08:21 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
The UK is getting pretty chummy with China.

Bank of England ready to set up yuan swap line is the headline on reu ters.com
 Quoting: BCHD


Britain has to make a move, they are the financial capitol of europe, they can't afford to be caught pants down.

Inexpect synthetic trading is already taking place, as was the case before the Euro came out, I expect they will be ready within 2 years....
ehecatl

User ID: 32406897
Mexico
01/25/2013 08:32 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
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


The US would need to go to a system of searching all people leaving to prevent PM's leaving the country. But even then, PM's are easily hidden and a lot would leak through anyhow.

It seems to me that other countries would stand to gain significantly if the US were to adopt such restrictions.

Many of the wealthy are not so pinned down to single countries.

Last Edited by ehecatl on 01/25/2013 08:44 PM
AC
User ID: 18477895
United States
01/25/2013 08:35 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
We in the USA could learn from these people the Chinese at least in dealing with fiscal stability issues gold bullion if it is to back any currency should be real.
Anonymous Coward
User ID: 14153199
United States
01/25/2013 09:00 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
I hope silver keeps dropping 3.5% like it did today...can't wait for this stuff to be available LOL

[link to www.silverbulletbullion.com]
No Dhimmi (OP)
Proud Infidel

User ID: 3248816
United States
01/25/2013 09:45 PM

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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
I picked up 20 more SAE today
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.
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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: 7881256
United States
01/25/2013 10:27 PM
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Re: World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
oh noes!!!

someone tell the government to repeal the HR192 gold standard act and get our dollar backed by twinkies or something instead of dead space...

oh wait they won't do shit...

banana2anadead3dead3hitit

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