China's Position On The Owning Of Precious Metals

This is a short video to point out the actions China has recently taken, to show the rest of the world where it stands on the subject of owning Precious Metals.

Please find below an article by Mr. Robert Morley.
http://www.silverbearcafe.com/private/09.09/goldback.html

"Peter Schiff" "Ron Paul" "Jim Rogers" "Alex Jones" "Max Keiser" "Marc Faber" "Nouriel Roubini" "The Federal Reserve" "Bank Bonuses" Inflation "Barack Obama" "Tim Geithner" Bernanke Greenspan Volker "Fiat Money" "Currency Collapse" "Dollar Collapse" "Money As Debt" "From Freedom To Fascism" "Legalised Robbery" "Wall Street" "Goldman Sachs" "The Tarp Fund" "Bank Bailouts."

Category:

News & Politics

Tags:

• Peter Schiff
• Ron Paul
• Jim Rogers
• Alex Jones
• Max Keiser
• Marc Faber
• Nouriel Roubini
• The Federal Reserve
• Bank Bonuses
• Inflation
• Barack Obama
• Tim Geithner
• Bernanke
• Greenspan
• Volker
• Fiat Money
• Currency Collapse
• Dollar Collapse
• Money As Debt
• From Freedom To Fascism
• Legalised Robbery
• Wall Street
• Goldman Sachs
• The Tarp Fund
• Bank Bailouts.

[miguelsotoseudonimo]

Oil prices haven't resumed to soar yet, so shipping costs are still very low after global demand crashed, see 'Baltic Dry Index'. I think that is the main driver for the gold repatriation. In the future you might not get your bullion back anymore, if it's far away.

Or inside ETF's, for that matter; same thing. Only bullion under your physical control, will count.

[NowisEvollovetion]

I agree Miguel,

If you can't hold it in your hand, well you don't own it.

Paper precious metals are merely a promise to deliver, and we all know what comes of promises, don't we?

Cheer's.

[MiLSeLrAhC]

china wants its blink blink now... and they deserve it...

[NowisEvollovetion]

China KNOWS what it is doing.

It has only had to wait for America's Self Centred politicians to bring about it's inevitable downfall.

Patience is a virtue.

[spiritbreakerz]

nezahual

And also remember that China once own 1/3 of the world wealth.

[josephcecil]

geez, the points made are valid, but honestly, why wrap them in 3 minutes of unrelated video and music. it's distracting and obscures your thesis.

keep the drama if you like, but that's the reason you're here and not gaining a universal audience.. your points can be made in a much more refined way. the same way a noisy roadway has low technology vehicles. a super modern roadway would be quiet, that due to efficient vehicles which don't lose energy as sound. your thesis loses by cluttering it

[NowisEvollovetion]

Let them fight it out and drive the price up,

They both have the money to compete for it.

Thank You for the heads up.

Best Wishes.

[Frequencitee]

There has been discussion on the KITCO site that the IMF may not sell the 403 tonnes of Gold, though they have received the required approval from the US Congress.

We will find out in October.

China already has a reserve bid on all 403 tonnes...but India is in a position to compete.

[nezahualcoyotl2012]

Still a great video and message. Cheers!

[nezahualcoyotl2012]

If the IMF did dump their gold on the market the price of gold wud drop and thats when id buy.

I wudn't worry about China gettin to brash w/the west. We have Obama (a black man/African descent) who will help the U.S. dig in ties with Africa and all their natural resources. It was a great move for the US to elect Obama. We will be ok.

US will increase tariffs on Chinese imports like we did with Japan when they were an emerging economy.

Remember China is 1/3 of the US economy.