Tag Archives: china

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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In a Burning Building with Copper, New Housing Starts, and the Labor Participation Rate Falling All Around Us

The price of copper has fallen by more than 13% since May and hit a 5 year low last week. You might be wondering, what does copper have to do with gold? As we mentioned back in January, when copper … Continue reading

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China Bans Stock Selling to Stem Meltdown, NYSE Closes on “Glitch”

China has issued a ban on the selling of stocks and bonds for large shareholders for the time being as part of an effort to prevent a complete “1929-style event.” The Shanghai Composite Index has seen a decline 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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U.S. military is the largest employer in the world… 2nd largest? China’s People’s Liberation Army

“The U.S. Department of Defense has been named the largest employer in the world with 3.2 million employees on its payroll, according to the World Economic Forum.   The second largest is China’s People’s Liberation Army with 2.3 million on … 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 PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

“Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese currency by Russian companies.”

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Why Are U.S. Politicians More Afraid of ISIS Than China?

“The greatest potential threat to America’s national security involves Beijing, not Iran or “radical Islam.””

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