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.  

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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!
  • The ULTIMATE BLACK SWAN That NO ONE IS LOOKING FOR!
  • 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.

China

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.

China

Fear trade enthusiasts should keep a close eye on the actions of the PBOC (China’s central bank).  Most major actions of the PBOC are not related to the love trade. They’re related to the fear trade.
A growing Chinese QE program, a possible announcement of higher official gold reserves, and/or a public endorsement of gold by the PBOC could create a very powerful rally in gold, and an even bigger one in gold stocks!
If China engages in a major QE program, its stock market could soar higher for years, and citizens would celebrate by buying vastly more gold jewellery.
Nothing the Fed does in its meeting this week will change Apple’s plans for massive sales growth in China, and nor will it change the insatiable and exponentially growing appetite of Chinese citizens to own a lot more gold.

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The rise in the stock market is creating a lot of wealth for Chinese investors, and they are celebrating by buying gold jewellery. The first issue of the Apple gold watch sold out in less than an hour in Chinese stores!
Over the next two to three years, Apple will likely need substantial amounts of gold to meet the massive demand for its gold watches. Each watch is made with about two ounces of gold.
Below is a daily chart for ZiJin Mining, the largest gold mining company in China. I own the stock, and I’m an eager buyer of much more stock, on every 25 cent decline in the price.
This great company is clearly poised to be a leader in the gold jewellery oriented “bull era”.

Gold Fix ChartThe rapid 25% drop in the gold price during the April-June period of 2013 sparked a leap in gold demand that we have heard described as a once in a generation’ event. -World Gold Council

If central banks suppress the price of gold, this can only be done if physical gold is supplied to the market.
So the question is, who is currently selling gold to China?

china gold

“If the RMB wants to achieve international status, it must have popular acceptance and a stable value. To this end, other than having assurance from the issuing nation, it is very important to have enough gold as the foundation, raising the ‘gold content’ of the RMB. Therefore, to China, the meaning and mission of gold is to support the RMB to become an internationally accepted currency and make China an economic powerhouse. That is why, in order for gold to fulfill its destined mission, we must raise our gold holdings a great deal, and do so with a solid plan.   Step one should take us to the 4,000 tonnes mark, more than Germany and become number two in the world, next, we should increase step by step towards 8,500 tonnes, more than the US.
– Song Xin, Party Secretary and President of the China Gold Association