Article Image

IPFS News Link • Gold and Silver

Why China may soon reveal "astounding" gold reserves

• https://www.asiamarkets.com, By Henry Chia

"If you look at 30-40 years, the gold chart on the New York session rolls over like a payment curve on a mortgage, and on the Asian session it goes absolutely parabolic and we end up with the net paper gold price which is the aggregated of the two.

"The gold is going from west to east and this is essentially a discount window in my opinion that is being held open and as a result they have a manufactured gold window – they (China) are the biggest providers and the biggest importers.

"So we are watching a transfer of wealth, and we're seeing that transfer going to the communist states and so I do fear for our quality of life, our levels of freedom in the realm where our money is held by one of the most draconian governments, but I'm sad to say that's the flow of the real gold."

But why is China hoarding gold?

"The gold is going from west to east and this is essentially a discount window in my opinion that is being held open and as a result they have a manufactured gold window – they (China) are the biggest providers and the biggest importers.

"So we are watching a transfer of wealth, and we're seeing that transfer going to the communist states and so I do fear for our quality of life, our levels of freedom in the realm where our money is held by one of the most draconian governments, but I'm sad to say that's the flow of the real gold."

But why is China hoarding gold?


ContentSafe