Socio-Economics History Blog

Socio-Economics History Blog

China’s ‘Announcement’ of Gold Reserves Increase from 1.95KTons to 14.73KTons is Prelude to “Killing the Dollar”!!

by mosesman
Remember the Golden Rule: “He who has the Gold, RULES!”
  • Update latest, some feedback that it is mineral reserves and not bullion:
    –

    @JamesBob47
    Replying to @KingKong9888 and @thesiriusreport
    This is their estimate of proven mineral reserves, not bullion. They reported a similar number last year too. xinhuanet.com/english/2020-1

    –

  • The cat’s out of the bag. Why is China ‘formally’ announcing an increased in their gold reserves to 14,727 tons? You need to look at the big picture. Look at their military ‘exercises’, Taiwan invasion ‘exercise’ deployment. Is China afraid of the Taiwanese military? Obviously, NOT!! Their main concern is the interference of the USA-Pentagram military forces. My assessment is that: China will not initiate a major war without “Killing the Dollar” first. Once the US dollar dies, American military will be crippled. There will be immense problems in America caused by currency collapse. Just look at Lebanon and Venezuela.
    –
  • Can you compete with an American military power, with the US Govt that can create trillions in dollars out of thin air to finance the war machine? Obviously NOT. So, the ‘announcement’ of 14.7Ktons of gold (from previous 1.948KTons), is a prelude to an attack on the dollar. Once the dollar collapses, Taiwan IMO will fold, ie. there is no need for China to launch an invasion. The Taiwanese will negotiate a settlement. IMO, it will be like the HK SAR agreement.
    –
  • China’s Gold Reserves Scale Pp for 15 Consecutive Years — 14,727 Tons by 2020: Report
    by http://www.xinhuanet.com/english/index.htm , 19 Aug 2021
    BEIJING, Aug. 19 (Xinhua) — China’s gold reserves have grown every year for 15 consecutive years, reaching 14,727.16 tons by 2020, according to a yearbook issued by China Gold Association (CGA).
    –
    Despite factors including the COVID-19 epidemic and policies related to mining rights, the country’s gold output still ranked the top in the world, standing at 365.35 tons in 2020, the report reads. This represents a decline of 14.88 tons, or 3.91 percent lower from the same period in 2019, according to the CGA report.
    –
    However, noting an evident decelerating pace in the contraction of gold production in 2020 compared with the previous years, China’s gold production industry’s transformation from high-speed growth to high-quality development is showing sound momentum. The total traded volume of gold in the Chinese market reached 95,500 tons in 2020, accounting for 13.72 percent of gold transactions in the global market.
    –
    The yearbook published by the CGA provided analytical report on the development and future trend of China’s gold industry, covering the entire industry chain including gold exploration, mining, processing and investment. Enditem

end