Commodity Trade Mantra

Posts Tagged ‘China Gold Association’

China Embraces Gold In Advance Of Post-Dollar Era

To challenge the US dollar hegemony & increase its power in the global realm of finance, China has firmly embraced gold in its economy. With a staggering pace the government has developed the Chinese domestic gold market, stimulated private gold accumulation, increased its official gold reserves to ensure financial stability & support the internationalisation of the renminbi.

China Starts Snapping Up Gold Mines - Which Gold Miner Next?

Buying Gold Bullion, especially buying in large quantities, can cause the prices to fluctuate significantly. The best bet? Gold Mines! Maybe even patented gold mines where the investors own both the title to the land AND the Gold in the ground. Get ready to see a huge surge in gold mine buyers, especially from China!

China’s Stealth Gold Reserves To Quadruple as IMF Seek Answers

Bloomberg speculates that PBOC may have increased its gold reserves 3 fold since 2009 to over 3,000 tonnes. China would therefore have the 3rd largest gold reserves in the world, second only to U.S. & Germany. China’s ambition to make the yuan a dominant, if not the dominant reserve currency is now beyond dispute.

China Aims For Official Gold Reserves At 8500 Tonnes

Sun Zhaoxue: Currently, there are more and more people recognizing that the ‘gold is useless’ story contains too many lies. Gold now suffers from a ‘smokescreen’ designed by the US, which stores 74% of global official gold reserves, to put down other currencies and maintain the US Dollar hegemony.

China Holds “Gold Congress” - In China, Gold Is Money

The 3 day China Gold Congress showcases China’s gold industry. Co-sponsored by World Gold Council & China Gold Association, it is China’s biggest gold industry event of the year, drawing in participants from across Chinese & international gold sectors including central banks, mining companies, bullion banks & refiners.

Shanghai Becoming Global Gold Hub And Gold Price Discovery Center

China approached foreign banks, gold producers & refiners to participate in SGE’s international bourse to boost its position as a price-discovery center for gold. It plans to launch three physically-backed gold contracts. The chairman of SGE said that China should have its own pricing benchmark as it is the biggest consumer & producer of gold.

SGE Chairman: China Should Become First Class International Gold Market

Xu Luode, Chairman of the Shanghai Gold Exchange said the Chinese gold market is an important force, a positive energy in the international gold market but its influence does not correspond to its mass & scale. Therefore to accelerate the development of China’s gold market, he proposed building China’s “Shanghai Gold”.

Gold Events in 2013: Foundation for Movements in 2014

The chronological events of 2013 persuaded investors in western capital markets that gold’s bull market had definitely been broken, and that gold would probably go lower or at best move sideways in 2014. The underlying reality is very different and 2014 should be an interesting year.

Gold Prices Rise To 4 Month High, But Will The Bull Run Continue?

I would be a bit cautious because we’ve seen swings in equity markets & turmoil in emerging markets subside & that’s not a strong backdrop for gold prices going forward. Without any meaningful shift in investor sentiment & given the positive macroeconomic outlook, gold’s rally may be temporary.

An Open Letter To The World Gold Council - Eric Sprott

While demand for physical gold remains extremely strong, prices on the COMEX have fallen precipitously. This contradictory situation is an important obstacle to a healthy gold mining industry – Supply & demand imbalance is not reflected on misleading statistics.

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