Monday, February 10, 2014

Gold Buying by China stays strong

Bloomberg provides this update on gold buying by China during 2013.
This is one of the keys we keep an eye that could hint of coming monetary system change. Clearly, a massive, sustained gold buying campaing continues in China.

Jim Rickards stated in a recent interview that these reported figures are far less than what is actually being imported into China. He claims they are buying using unofficial surrogates.

Lots of gold has been and continues to move to the East. There is constant talk of new kinds of currencies. There is an effort within the IMF to re allocate power and move more to the eastern block of nations. The US Congress has not approved this yet.

Get your popcorn ready and keep an eye on all this.

                                                                              Interesting times we live in

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