China plans to launch its new yuan-denominated gold pricing fix on April 19 !!! | |
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JustChilling User ID: 71592440 United States 04/11/2016 07:16 AM Report Abusive Post Report Copyright Violation | That's probably why Obama & Biden are meeting with the Federal Reserve... Last Edited by JustChilling on 04/11/2016 07:17 AM Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. -Winston Churchill |
JustChilling User ID: 71592440 United States 04/11/2016 07:17 AM Report Abusive Post Report Copyright Violation | demand for $ will drop but yuan buying/selling of gold will be a better deal. Quoting: Anonymous Coward 70240004 Who WOULDN'T want....sound money? Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. -Winston Churchill |
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Anonymous Coward User ID: 71970991 Belgium 04/16/2016 10:56 AM Report Abusive Post Report Copyright Violation | its the period of 13 days of sacrificing for the illuminati Thread: Illuminati Sacrifice and DOOM needed ? / WATCH OUT between April 19 and May 1 / UPDATES: 26 april : Sweden on High Alert P4 |
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Anonymous Coward User ID: 72054337 United States 04/19/2016 02:25 AM Report Abusive Post Report Copyright Violation | The Shanghai Gold Exchange set the price at 256.92 yuan a gram ($1,233.85 an ounce) at the 10:30 a.m. session after members of the exchange submitted buy and sell orders for metal of 99.99 percent purity. Members include Chinese banks, jewelers, miners and the local units of Standard Chartered Plc and Australia & New Zealand Banking Group Ltd., according to the bourse. China has overtaken India as the largest consumer as rising incomes and surging economic growth boosted purchases of jewelry, bars and coins. The central bank has also been adding to its bullion holdings in a move to diversify its foreign-exchange reserves. The country’s plans to develop a benchmark to rival the twice-daily London auction may be hampered by capital controls. |
Anonymous Coward User ID: 72054337 United States 04/19/2016 02:29 AM Report Abusive Post Report Copyright Violation | [link to dailyreckoning.com] James Rickards A lot of people think about gold as a percentage of a country’s total reserves. They are surprised to learn that the United States has 70 percent of its reserves in gold. Meanwhile, China only has about 1 percent of its reserves in gold. |
Anonymous Coward User ID: 72054337 United States 04/19/2016 02:30 AM Report Abusive Post Report Copyright Violation | Here’s the problem: If you took the lid off of gold, ended the price manipulation and let gold find its level, China would be left in the dust. It wouldn’t have enough gold relative to the other countries, and because their economy’s growing faster and because the price of gold would be skyrocketing, they could never acquire it fast enough. They could never catch up. All the other countries would be on the bus while the Chinese would be off. |
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Ralph--a house dog User ID: 8078620 United States 04/19/2016 02:39 AM Report Abusive Post Report Copyright Violation | What about all the rumors that have been flying around for years that Ft. Knox is empty; TPTB stole most of it and that is why nobody is allowed an audit? "Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"-----Dylan Thomas HIS NAME IS SETH RICH [link to biblicalselfdefense.com] [link to forum.1111ers.blog] Always remember that "for the greater good" will not include YOU. "Who decides?" ---Robert A. Heinlein -'Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech.'—Benjamin Franklin [link to www.westcoasttruth.com] The only thing worth paying full retail for is pantyhose. You cannot do all of the good the world needs, but the world needs all of the good you can do. |
Anonymous Coward User ID: 55958179 United States 04/19/2016 02:53 AM Report Abusive Post Report Copyright Violation | demand for $ will drop but yuan buying/selling of gold will be a better deal. Quoting: Anonymous Coward 70240004 Who WOULDN'T want....sound money? Very wealthy people who own/control the means to production. I'm shocked so many people happily keep working for a constantly-devalued currency. I wasn't aware of this until a few years ago. All currencies are shit. |
Anonymous Coward User ID: 1354077 Romania 04/19/2016 05:21 AM Report Abusive Post Report Copyright Violation | demand for $ will drop but yuan buying/selling of gold will be a better deal. Quoting: Anonymous Coward 70240004 Who WOULDN'T want....sound money? Very wealthy people who own/control the means to production. I'm shocked so many people happily keep working for a constantly-devalued currency. I wasn't aware of this until a few years ago. All currencies are shit. CNBC - ‎2 hours ago‎ China on Tuesday launched a yuan-denominated gold price fix in its bid to become a price maker in a market dominated by London and New York. Listed on the Shanghai Gold Exchange, the benchmark price is derived from a 1 kg-contract and was set at ... UPDATE 1-China launches yuan gold fix to boost power in global bullion market Reuters - ‎2 hours ago‎ (Adds detail). By A. Ananthalakshmi and Ruby Lian. SINGAPORE/SHANGHAI, April 19 Top consumer China launched a yuan-denominated gold benchmark on Tuesday, as the country took an ambitious step to exert more control over the pricing of the metal ... China launches yuan gold fix to boost power in global bullion market Daily Mail - ‎2 hours ago‎ SINGAPORE/SHANGHAI, April 19 (Reuters) - Top consumer China launched a yuan-denominated gold benchmark on Tuesday, as the country took an ambitious step to exert more control over the pricing of the metal and boost its influence in the global ... Shanghai introduces yuan-denominated gold benchmark price China Daily - ‎3 hours ago‎ The Shanghai Gold Exchange , the world ' s largest physical gold exchange , launched a yuan-denominated benchmark price on Tuesday in Shanghai , a measure that will benefit both China ' s domestic gold market and the global precious metals market |
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