Check out http://www.whatreallyhappened.com/

 

 LATEST SITE ACTIVITY  http://12160.info/m

 

»


15 August 2012
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/hoarding-continues-china-has-imported...

While the highly "sophisticated" traders that make up the gold market continue to buy or sell the precious metal based on whether the Fed will or will not do the NEW QE tomorrow (or just because, like Bruno Iskil, they have a massive balance sheet, and can create margin position out of thin air with impunity), China continues to do one thing. Buy.

Because while earlier today we were wondering (rhetorically, of course) what China is doing with all that excess trade surplus if it is not recycling it back into Treasurys, now we once again find out that instead of purchasing US paper, Beijing continues to buy non-US gold, in the form of 68 tons in imports from Hong Kong in the month of June.

The year to date total (6 months)? 383 tons.

In other words, in half a year China, whose official total tally is still a massively underrepresented 1054 tons, has imported more gold than the official gold reserves of Portugal, Venezuela, Saudi Arabia, the UK, and so on, and whose YTD imports alone make it the 14th largest holder of gold in the world.

Realistically, by now China, which hasn't provided an honest gold reserve holdings update to the IMF in years, most certainly has more gold than the IMF, and its 2814 tons, itself.

Of course, the moment the PBOC does announce its official updated gold stash, a gold price in the mid-$1000 range will be a long gone memory.

Here is the latest breakdown of gold reserves by Top 20 countries via the WGC:

Views: 73

 

 

Latest Activity

Boris Badenov replied to Diana's discussion Disney Director James Gunn Exposed: Disturbing History of Child Rape ‘Jokes’
"Shocking, only real life pedo I knew had a disney tattoo"
11 minutes ago
Boris Badenov favorited James T. Kirk's video
14 minutes ago
Exposure commented on Exposure's blog post Elon Musk – Was Tham Luang Cave Rescue A Hoax?
"Thank you Boris Badenov "
49 minutes ago
Chris of the family Masters favorited James T. Kirk's video
51 minutes ago
Diana posted discussions
1 hour ago
Chris of the family Masters commented on James T. Kirk's video
Thumbnail

Breaking Code Red in Israel

"They are not Jews, they are Jesuit Khazarians?"
1 hour ago
Chris of the family Masters commented on James T. Kirk's video
1 hour ago
Boris Badenov favorited James T. Kirk's video
1 hour ago
Boris Badenov commented on James T. Kirk's video
1 hour ago
Boris Badenov commented on Boris Badenov's page Lost Tape -Antifa gets their asses handed to them at a street brawl in Portland
"fun new footage"
1 hour ago
Phyllis Maka's blog post was featured

BOOM! President Trump DROPS MOAB on Fake News and Democrats (Video)

In 1945 Democrat Franklin Roosevelt gave Eastern Europe to Joseph Stalin and the Soviet Union.At least…See More
1 hour ago
Boris Badenov commented on Nikki's video
Thumbnail

JFK: Back and To The Left

"In the months before JFK's Assassination, he was Pursuing Peace with Russia - - - The Deep State started a smear campaign, calling him a Traitor and a Russia stooge. They are now doing the Same to President Trump. Coincidence?"
2 hours ago
Boris Badenov commented on Nikki's video
Thumbnail

JFK: Back and To The Left

"<a target="_blank" href="http://12160.info/page/2649739:Page:1799509" title="http://12160.info/page/2649739:Page:1799509" rel="nofollow">In the months before JFK's Assasination, he was Pursuing…"
2 hours ago
cookiemonster's blog post was featured
2 hours ago
Profile Icon via Twitter
RT @MichaelOsmosis: @12160mhz Black people should get equal rights, hang on, checking Google brain. Turns out not a single democrat voted…
Twitter2 hours ago · Reply · Retweet
Profile Icon via Twitter
must see video 747 Goes Inverted Before Landing Safely https://t.co/5Rk7oOICRE
Twitter2 hours ago · Reply · Retweet
Boris Badenov favorited James T. Kirk's video
2 hours ago
Boris Badenov commented on Boris Badenov's page In the months before JFK's Assasination, he was Pursuing Peace with Russia. The Deep State started a smear campaign, calling him a Traitor and a Russia stooge.
"They are now doing the Same to President Trump. Coincidence?"
2 hours ago
Profile Icon via Twitter
Flashback - "Honestly, we don't see Russia as a threat, we believe those days are behind us" - Hillary Rodham Clint… https://t.co/FiGGru5fW8
Twitter2 hours ago · Reply · Retweet
Profile Icon via Twitter
RT @RealJamesWoods: I can’t watch this enough... https://t.co/1nANF3gFhg
Twitter2 hours ago · Reply · Retweet

Please remember this website is supported by your donations...

© 2018   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2015 - all rights reserved. unless otherwise noted