Commodity Trade Mantra

Posts Tagged ‘SDR’

China's True Gold Holdings To Remain A Secret After All

What we thought would be an imminent, critical and extremely overdue public announcement from China has again been indefinitely postponed. And so with the gold community eagerly expecting a confirmation from China that its gold holdings have doubled, tripled or more, China – and the IMF – suddenly get cold feet. Again.

Gold really does matter in “polite company”!

Why are we bombarded daily with negative psyops regarding gold & for the last couple of years, has gold price suppression been so openly blatant & fierce? Its ALL about the dollar & privileges of issuing the reserve currency, namely the US ability to hang on to this privilege. Rest of the world knows what gold really is, it is money.

Gold, the SDR and BRICS

There are difficulties when it comes to including gold in the SDR basket as none of its paper constituents are convertible into gold. It also cannot last long as major central banks insist on printing money as an economic cure-all. But China’s position with respect to gold & her own currency could be a different matter.

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