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China prepares for a new gold standard 7000 to 10000 tons of it.

 
Anonymous Coward
User ID: 38313887
United States
08/13/2013 07:26 AM
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China prepares for a new gold standard 7000 to 10000 tons of it.
China continues to hoard gold en masse. In June, China imported 104.6 tonnes from Hong Kong. That would bring China's gold imports from Hong Kong to 1,160 tonnes since the beginning of this year. Officially, China reports its total gold holdings at around 1,000 tonnes. Yet speculation is widespread that it could be holding somewhere between 7,000 to 10,000 tonnes, surpassing the United States' 8,113 tonnes. China is apparently preparing to adopt an impending gold standard.


[link to www.nationmultimedia.com]
Anonymous Coward
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08/13/2013 07:54 AM
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Re: China prepares for a new gold standard 7000 to 10000 tons of it.
So when 50 % or more of their retail export customers can no longer afford tpp buy chinese shit , then what happens ?
Patches

User ID: 44287106
Israel
08/13/2013 08:00 AM
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Re: China prepares for a new gold standard 7000 to 10000 tons of it.
If this is what they are doing, then all it means is that their central bank is going to squeeze all the wealth from the people.
This is quite a likley scenario since it has been done across history to the Roman's, British, Americans when they were "Great and Prosperous" Nations/Empires, to gather in the wealth of the people to the hands of those that controll the flow of the gold ( money lenders/central banks). In fact in most places across history where a gold standard has been introduced, "We the people" have payed the price.
China has just gone though in the last 15 yrs one of the greatest economic booms in history and it is time for the banksters to milk the proverbial cow.
By failing to prepare, you are preparing to fail!
Anonymous Coward
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08/13/2013 08:01 AM
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Re: China prepares for a new gold standard 7000 to 10000 tons of it.
[link to www.google.com.au]
Anonymous Coward
User ID: 48997688
Australia
09/29/2017 05:23 AM
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Re: China prepares for a new gold standard 7000 to 10000 tons of it.
If this is what they are doing, then all it means is that their central bank is going to squeeze all the wealth from the people.
This is quite a likely scenario since it has been done across history to the Roman's, British, Americans when they were "Great and Prosperous" Nations/Empires, to gather in the wealth of the people to the hands of those that controll the flow of the gold ( money lenders/central banks). In fact in most places across history where a gold standard has been introduced, "We the people" have payed the price.
China has just gone though in the last 15 yrs one of the greatest economic booms in history and it is time for the banksters to milk the proverbial cow.
 Quoting: Patches


This post is four years old, what great vision someone had.

or has!!!


clappa
Anonymous Coward
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09/29/2017 05:26 AM
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Re: China prepares for a new gold standard 7000 to 10000 tons of it.
retarded chinese, the worlds gold supply will be 10000X when they turn all the lead into gold.
Anonymous Coward
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09/29/2017 06:04 AM
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Re: China prepares for a new gold standard 7000 to 10000 tons of it.
If I was an oil exporter ..I would want the new gold note for sure





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