Chinese Central Bank’s Fingerprints Are All Over the Gold Manipulation!

Caption Contest 1A SilverDoctors Exclusive By SD Contributor AGXIIK:

The Dollar’s fate lies in China’s Hand.  Gold is the key to this fate.  The Chinese Central bank’s fingerprints are all over the gold manipulation story.
The Chinese play the gold players like fiddles, rigging the price of gold lower to take in as much as they can. 
Like Sun Tsu said, If you can win the battle without fighting, that is a good warThey’ve not fired a shot. They’ve used our currency reserves to buy up our gold.
The existence of our world  reserve currency status will depend on how and when China shows the world what they hold in gold That report is due in 2014 Once they show the world they have the gold to back their currency, the entire world will flock to the winner.
The fate of the dollar is almost entirely tied to China, its gold holdings and the value of gold once its real value is set.
$50,000 an ounce could become a real figure.

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The Dollar’s fate lies in China’s Hand.  Gold is the key to this fate.
We, the US,  are nearly devoid of gold.
GLD and the BOE shipped neaerly 1,900 tons to China in the last 9 months.   China probably holds 20,000 tons, twice the most liberal estimate.  Ft Knox has been looted.  The math of how we have shipped 7,000 tons of gold overseas in the last 20 years says Ft Knox is the only depository large enough to meet that demand.

China has 20 times the currency reserves held by the ESF and their POMO branch.  The Chinese Central bank’s fingerprints are all over the gold manipulation story.  Jim Sinclair is taking a position with the Shanghai Futures Exchange.   The GS squid is taking up Venezuela’s gold aftere Chavez was retired early for his crime of demanding his 144 tons.  GS and its fellow banksters run the IL Duces of the world like a polo player runs his stable.   Probably possessing US Passports as well as passports of other countries, the GS drones care little that they and their cronies are aiding and abetting the suppression of gold prices on behalf of their clients, the Chinese.

The Chinese play the gold players like fiddles, rigging the price of gold lower to take in as much as they can.  China has many problems, not least of which is their QE of $15 trillion and an economy filled with bubbles, but like Sun Tsu said, if you can win the battle without fighting, that is a good war.  They’ve not fired a shot. They’ve used our currency reserves to buy up our gold.

Since we talk about gold sales in  tons, one ton of gold sells for about $40,000,000.   2,000 tons of gold is $80 billion.  Pocket change to the Chinese.  They have trillions in reserves and tens of trillions in QE liquidity. They are buying every ton of gold produced in the world today at about 1.20 to 1.
Yes, they may have some serious currency and banking issues but this is the cost of war.  No blood spent; just FIAT.

The existence of our world  reserve currency status will depend on how and when China shows the world what they hold in gold That report is due in 2014.  Once they show the world they have the gold to back their currency, the entire world will flock to the winner.  Which would you prefer to hold?   An unbacked FIAT currency or a gold backed currency?

The fate of the dollar is almost entirely tied to China, its gold holdings and the value of gold once its real value is set.
$50,000 an ounce could become a real figure.  1 ton would be worth $1,600,000,000 or 40 times its present valueof $1,250  per ounce.  20,000 ounces would be worth $32 trillion.   That would easily cover the entire Chinese M1,2 and 3 by nearly 2 to 1.

Even $10,000 an ounce would be worth $6.2 trillion, backing the M1-3 adequately.
Which currency will win?  Gold backed or BS backed.

I think China’s plan follows something along this line.  Otherwise why would China be buying 100% of the world production of gold?
They read the tea leaves quite well.   Coffe grounds don’t predict much at all

sic semper tyrannis