ChinaFinally last Friday the People’s Bank Of China (PBOC) updated its official gold reserves, from 1,054 tonnes, a figure reported since 2009, to 1,658 tonnes. Most gold analysts expected a number substantially higher than what was just disclosed.  In this post we’ll analyze the 1,658 tonnes figure.
Why 1,658 tonnes?


hyperinflationWith Metals Smashed This Week and Gold Closing the Week at Bear Market Lows, The Doc & Eric Dubin Cover All the Action, Discussing:

  • Eric Breaks Down the Numbers and Explains Why Friday’s Chinese Announcement Updating Gold Reserves to 1658 Metric Tonnes is a TOTAL JOKE!
  • Silver Smashed to $14 Handle and Gold Closes Week at Bear Market Lows- Are the Metals Headed Over the Cliff for Final Capitulation Crash on Sunday’s Globex Open?
  • Is Greece Over, Or Are We in the Eye of the Hurricane? 
  • Physical Silver Mainstays Go NO OFFER At Authorized Distributors and Wholesalers! 

    The SD Weekly Metals and Market With The Doc & Eric Dubin is Below:

silver fixThe financial media has recently pitched the transition of the London daily gold fixings to an ICE Benchmark Administration (IBA) platform as a quantum leap from an antiquated Victorian-era process to a futuristic 21st century electronic auction.
For example, the Wall Street Journal recently said that:
“Four of the banks…had participated in the conference call used to determine the daily fixes, a system largely unchanged for nearly a centuryand that “Gold is the last of the precious metals to make the switch to an electronic platform.”

The evidence suggests however, that in the last decade, the technology utilized in the daily gold fixings was far more advanced than the media commentaries imply, and that since 2004, the old gold fixing was not as technologically backward as is generally accepted.

ChinaThe difference between SGE withdrawals and WGC Chinese gold demand from 2007 until 2014 is a whopping 3,354 tonnes!
What can we subtract from this number from differences in metrics?
Let’s put to work the legitimate arguments and see what happens:

ChinaIn his latest radio interview, Golden Jackass Jim Willie discusses: 

The Bankers are dying; what’s going on in London?
-Lot’s of thefts and lot’s of wars, and it’s all about gold
The real story behind the Cypress bail ins
-America no longer has any gold so we need to steal it
Fate of The Vatican’s Gigantic Hoard of Gold
-Why the U.S. doesn’t want the reset to happen

Willie’s full interview on why Gold is About to Run the Game is below:

Chinese goldMore false arguments – that should explain the difference between Shanghai Gold Exchange (SGE) withdrawals and Chinese gold demand as disclosed by the World Gold Council – are being spread in the gold space.

Caption Contest 1In 2014, Alan Greenspan, a former president of the Federal Reserve, said that by redeploying even a relatively modest part of China’s foreign exchange reserves into gold, the yuan could take on unexpected strength in today’s international currency system.  


Fed monkeyWith Gold and Silver Under Attack Yet Again, Fund Manager Dave Kranzler Joins the Show This Week Discussing:

  • Kranzler Explains Why Silver Manipulation Right Now is the MOST EXTREME IN HISTORY!
  • Silver Open Interest Soars Over 191,000, Highest OI EVER!- 1 B Oz of Paper vs 50 M oz of Physical! 
  • Cartel is losing control of the market- UTTERLY FAILING in This Week’s Attempts to Smash Silver Under 16!
  • Greek Crisis Nears End-Game- Greek Depositor Bail-in & Capital Controls This Weekend?
  • London Source- London Will Be Out of Silver to Send to Refiners By Sept/Oct!
  • Silver & the Shares Will Be the Best Performing Assets of 2015- Big Money Expecting MUCH HIGHER Prices!

The SD Metals & Markets With The Doc, Eric Dubin, & Fund Manager Dave Kranzler is Below:

war battle manipulationIn Part 2 of this excellent interview with Finance & Liberty, Hat Trick Letter Editor Jim Willie breaks down why the coming conversion of U.S. Treasury Bonds to Gold bullion by Eastern nations will be seen as a declaration of financial war.
The Golden Jackass’ Critical Update on China’s Liquidation of T-Bonds for Gold is Below:

ChinaThe most serious wars of our time aren’t fought militarily, but financially.
The massive stealth gold acquisition by Russia, China, and others is not merely a means to defend their currencies, but to weaponize them.

gold vault20,000 metric tonnes.   Nearly triple the US’ “official” gold reserves of a little over 8,000 metric tonnes.
The number boggles the mind.  Macleod’s claim has been ridiculed by the establishment and alternative media alike.

But just for a moment, pause to think… What if the astute, Head of Research at Gold Money, London Gold Expert is correct??

China-GoldIn this excellent interview, not only does Alasdair Macleod explain how and why he came to the conclusion that China has accumulated a minimum of 30,000 metric tonnes of gold, he also shares what he believes they plan to do with it.

china We are entering a new phase.  The Chinese conversion to Gold bullion will be seen as a declaration of financial war.
In 2006 my work warned that China will move from outsourced producer to trade partner, then to trade rival, finally to opponent in trade war.
They are moving to executioner of the King Dollar.


The Chinese government seems to be very keen on developing the New Silk Road Economic Belt as quickly as possible; an initiative, said to be designed by President Xi Jinping himself, that will increase economic cooperation in the wide Eurasian region.
At a stunning speed China and Russia take the lead in strengthening ties in the area. For the wind down of the US dollar hegemony the Silk Road economic project is an important tool. As part of this project two clubs are rapidly developing as we speak, the Asian Infrastructure Investment Bank (AIIB) and the Eurasian Economic Union(EEU).
Additionally, China has confirmed it is incorporating gold into the Silk Road project.