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Reason(s) Behind China's Shadow Gold Buying Spree

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
Is China fighting the gold price manipulators?

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭


    << <i>Is China fighting the gold price manipulators? >>



    I think I'll buy more tomorrow.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    What is the date of that reported diplomatic cable? Wikileaks has been leaking stuff that was stolen from government computers many months ago. THe guy who stole it and gave it to WIkileaks has been in jail for some time.

    Edited to add:

    April, 2009. Here you go:

    linky

    Very, very interesting!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Unfortunately, sometimes the only way to know the truth is to steal it. Stolen truth is still the truth. Daniel Ellsberg showed us that when he helped end the Vietnam War by following his conscience and releasing the pentagon papers. Following a distinguished career as a soldier, he was initially labled a traitor; history has shown him to be a patriot.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    So, will this story have any effect on the price of gold when the market opens in 90 minutes?
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>So, will this story have any effect on the price of gold when the market opens in 90 minutes? >>


    no

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    Does not look as though the world cares......
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    The informed do.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    zzzzzzzzzzzzzzzzzzzzzzzzzzzz
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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