Loading ...PBoC in a Hurry to Buy Gold: Covertly Bought 593t of Gold YTD
The PBoC is in a hurry to buy enormous amounts of gold, indicating it’s preparing for substantial changes in the dollar-centric international monetary system.
Year-to-date the PBoC bought 593 tonnes, which is 80% more than what it bought in the first three quarters last year. Its total estimated gold holdings are 5,220 tonnes, more than twice what’s officially disclosed at 2,192 tonnes.
Regarding trade currencies, the Chinese have set up the Shanghai International Gold Exchange (SGEI) in the Shanghai Free Trade Zone that facilitates “offshore” gold trading in renminbi. The SGEI empowers foreigners to use renminbi as a trade currency that can be converted into gold to store any surpluses without affecting China’s balance of payments.
https://www.gainesvillecoins.com/blog/pboc-in-hurry-to-buy-gold-covertly
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US Gold at Ft Knox has not been audited since before you were born K2
I doubt there is any gold remaining in Fort Knox — the deliberate financial bankruptcy of America has been underway for decades — a process that has since moved on to bankrupting morals, values and ethics —all part of the path to becoming just another third world level corrupt dictatorship??
US citizens are wonderful — it’s the system that has been captured by massive corruption and probable treason. It would take a miracle for citizens to turn the tables on this destruction from within and clean house — time is running out!
BTW – this goes for the rest of the developed world too although most countries have already capitulated. The US is last great country standing in the path of global totalitarian rule!
I’d like to be wrong — what am I missing????
Missing the fact that they are exposed now and we have a ubiquitous commincation system in real time
Totalitarians always fail
I agree that these regimes will implode and much faster than in the past due to the Internet and alternative news. The real concern is the insane measures they will attempt to put in place to prevent their demise. Much more damage ahead of us. It’s a feed back loop as the public who were asleep finally sees the insanity and it all comes to an end in a vacuum with no leadership. Who or what form of governance takes over then? All of us will feel the pain. The financial system is so complex. I have no idea how to avoid the collapse, when it comes, other than being as self-sufficient as possible and holding physical assets outside the control of failing Governments.
Case in point — how much lower can society sink — Princeton Professor Calls Sex with Animals “Thought-Provoking” —
https://www.zerohedge.com/political/princeton-professor-calls-sex-animals-thought-provoking
Anything goes these days.