China Has Quietly Accumulated 20,000 Metric Tons of Gold!

There has not been a peek in Ft Knox for nearly 60 years.  Empty of gold?  Probably. Or spoken for (rehypothecated) 5 times over and that situation, if it’s a fact, would be a real crap storm since the claimants are probably central banks. Germany’s 300 tons of gold? Pfah.  Get lost Merkel.  The emperor’s golden threads are just dross. No one will get to see what’s there, move along.
Meanwhile, the Chinese are quietly backing their currency with at least 20,000 tons of gold.  Not 10,ooo or 5,000. At least 20,000 metric tons.

Click here for more on whether China has already accumulated 20,000 tons of gold:

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2 comments on “China Has Quietly Accumulated 20,000 Metric Tons of Gold!
  1. A Nonny Mouse says:

    Why would you post this horseshit? Clickbait?

    Here is the entire gold discussion in that article:

    “They have said they do not want to accumulate more FRNs.
    So be it . Done deal. They may not need more since they can print their own and once the YUAN becomes an alternate reserve currency they can print to their heart’s content, backing their currency with at least 20,000 metric tons of gold. Not 10,ooo or 5,000. At least 20,000.

    Most of these Chinese dynasties last upwards of 4-5 centuries before another takes its place. We probably have little clue to what really goes on in China’s decision making, even to what it’s real GDP is now, its real growth rate (3, 7 or 10%?), its gold holdings (my guess is 20K metric tons mininum), strength of its banking enterprises (poor in many cases). We will find out something as to their gold reserves when they complete the ring-fence of the western world (US-centric). 65% of world population and 35% of world GDP is signing on to the Yuan currency and bond linkages.”

    “hat’s one of the reasons there has not been a peek in Ft Knox for nearly 60 years. Empty of gold? Probably. Or spoken for 5 times over and that situation, if it’s a fact, would be a real crap storm since the claimants are probably central banks. Germany’s 300 tons of gold? Pfah Get lost Merkel. The emperor’s golden threads are just dross. No one will get to see what’s there, move along.”

    So his 20,000 ton claim is based on nothing. “My guess…” “probably”. What a joke these pumpers are. I come here for the Bitcoin articles but this garbage ranks right up there with Jim Willie and his 170,000 tons of Golden Dragon gold.

  2. Jayme says:

    It appears the 20,000 ton statement is attributed to a speculative statement made by Alasdair Macleod. I couldn’t find anywhere that Alasdair actually said this number specifically though he has said the BoE was missing 1300 tons of gold (blamed for the large market smashdown earlier this year).

    Keiser Report – Episode 476
    http://www.youtube.com/watch?feature=player_detailpage&v=4Psiay6Z39U#t=780

    It is possible China has that much but without proof there is no basis.

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