By: shabib on Lunedì 07 Aprile 2014 17:47
RIFLESSIONI BIVALENTI ....
le ottime riflessioni di 0H vanno sempre valutate con attenzione...
emergono diversi dark sides of the moon : per prima cosa , il flusso dell'oro va verso la CINA , che ha talmente tante possibilita' che se volesse potrebbe inaugurare un nuovo sistema monetario basato sulla convertibilita' YUAN-GOLD per lo meno valido per tutto l'emisfero orientale...
in questa lotta l'occidente si sta svendendo l'oro contro carta straccia , anzi contro debiti inesigibili cliccaroli ..... mi chiedo chi ci guadagna di piu' ....
in questa siruazione alla FED non credo dispiaccia far perdere valore al $ , MA sino ad un certo punto , ovvero il punto che il $ continui ad essere una valuta di riferimento mondiale , anche se svalutata rispetto aYuan , anzi meglio , ma mai negletta, non voluta , ostacolata , perche' il $ e' il vero strumento di potere della FED e degli USA.
I have been revisiting estimates of the quantities of gold being absorbed by China, and yet again I have had to revise them upwards. Analysis of the detail discovered in historic information in the context of China's gold strategy has allowed me for the first time to make reasonable estimates of vaulted gold, comprised of gold accounts at commercial banks, mine output and scrap. There is also compelling evidence mine output and scrap are being accumulated by the government in its own vaults, and not being delivered to satisfy public demand.
I believe that China is well on the way to having gained control of the international gold market, thanks to western central banks suppression of the gold price, which accelerated last year. The basic reasons behind China's policy are entirely logical:
• China knew at the outset that gold is the west's weak spot, with actual monetary reserves massively overstated. For all I know their intelligence services may have had an accurate assessment of how much gold there is left in western vaults, and if they had not, their allies, the Russians, probably did. Representatives of the People's Bank of China will have attended meetings at the Bank for International Settlements where these issues are presumably openly discussed by central bankers.
• China has significant currency surpluses under US control. By controlling the gold market China can flip value from US Treasuries into gold as and when it wishes. This gives China ultimate financial leverage over the west if required.
• By encouraging its population to invest in gold China reduces the need to acquire dollars to control the renminbi/dollar rate. Put another way, gold purchases by the public have helped absorb her trade surplus. Furthermore gold ownership insulates her middle classes from external currency instability which has become an increasing concern since the Lehman crisis.
http://www.zerohedge.com/news/2014-04-05/soaring-chinese-gold-demand-and-its-geopolitical-strategy