Tag Archives: china gold

Russia Continues to Stack, Adding Nearly 25t of Gold in June

As we have covered before, Russia has been building up its gold reserves over the past nine years, and last month the country added a whopping 24.9 tons, increasing their total hoard to more than 1,275 tons of gold.   … Continue reading

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China Finally Reveals Gold Holdings

After six years, China finally revealed its “total” gold hoard today in a statement issued by the PBOC (People’s Bank of China). The grand total? 1,658 metric tons, placing the country in 5th place worldwide. It’s an increase of more … Continue reading

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BRICS New Development Bank to Open July 7th

China announced on July 1st that the Standing Committee of the National People’s Congress officially ratified the agreement signed in Brazil last year to launch the New Development Bank for the BRICS nations. The bank’s Board of Governors are scheduled … Continue reading

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Two More Banks Join the ICE Benchmark Gold Fix

Intercontinental Exchange or ICE has announced two more members of the newly implemented gold benchmark this week. Morgan Stanley and Standard Chartered are just the latest two banks to join the twice daily electronic-based auction system for setting the gold … Continue reading

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Bank of China (BoC) is First Chinese Bank to Join Gold Fix

The London Bullion Market Association has announced that the Bank of China has joined Goldman Sachs, UBS, Barclays, HSBC, Bank of Nova Scotia, Societe Generale, and JP Morgan as the first Asian bank to participate in the new daily gold … Continue reading

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The War in Ukraine and the War in Syria Might be the Same War– has WW3 Already Begun?

It is possible that at the end of last year, World War III quietly broke out and hardly anyone noticed. For now, it seems to be contained in small pockets in Syria, Iraq, and Ukraine. More recently though, tensions have … Continue reading

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China sets up giant gold fund to expand its market power

“China has set up its largest gold-investment fund ever, expected to total 100 billion yuan ($16 billion), aiming to invest in mining projects in the region and enhance Chinese influence in global gold markets, local media reports said Wednesday.”

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Chase Bank is Preparing for Something Big

The largest bank in the U.S., JP Morgan Chase, has made two disturbing moves in recent weeks that should give many Americans significant cause for worry. It isn’t yet known what the reasons behind these moves are, but one thing … Continue reading

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World Gold Council Continues to Misreport Chinese Gold Demand

The WGC is once again trumpeting its flawed estimates for China’s quarterly gold demand, reporting that the country experienced an absurd decline of 38% for Q3 of 2014. The World Gold Council goes further to say that despite this decline, … Continue reading

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Actual Chinese Gold Demand for 2013 is Double World Gold Council Numbers

Despite all of the reports from the World Gold Council that the yearly gold demand in China was falling, the Chairman for the Shanghai Gold Exchange let it slip in a recent speech that last year, the consumer demand for … Continue reading

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