Commodity Trade Mantra

Posts Tagged ‘Gold Strategy’

The New London Gold Fix and China

China’s motives for taking control of the gold bullion market have almost certainly evolved. What is truly amazing is the western economic & political establishment have dismissed the importance of gold. They do not seem to realize the power they have given China and Russia to create financial chaos by simply hiking the gold price.

China’s Gold Strategy

The fact that the Chinese authorities permitted private ownership of gold between 1983 and 2002, suggests that they had by then acquired sufficient gold for monetary and strategic purposes. This raises the question as to how much gold China might have secretly accumulated by the end of 2002 for this to be the case.

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