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Title: China Buys 23 Tons Of Gold In 9th Straight Month Of Purchases, Total Rises To Record 2,137 Tons
Source: [None]
URL Source: https://www.zerohedge.com/commoditi ... s-total-rises-record-2137-tons
Published: Aug 8, 2023
Author: Tyler Durden
Post Date: 2023-08-08 23:00:51 by Horse
Keywords: None
Views: 415
Comments: 5

The bullion held by the People’s Bank of China rose by 740,000 troy ounces, or about 23 tons, bringing the country's total stockpile to a record 2,137 tons.

Poster Comment:

Both China and Russia have a lot more gold than they say. Sun Tzu said, "When you are few pretend to be many. When you are many, pretend to be few.

The point is that lots of Central Banks are accumulating gold. They can't keep the price down forever.

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#1. To: Horse (#0)

What the people do not understand is that Chinese Gold is full of Tungsten. About 1/4 of a bar is gold, and the rest is tungsten.

"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist

TommyTheMadArtist  posted on  2023-08-09   8:44:19 ET  Reply   Trace   Private Reply  

#2. To: TommyTheMadArtist (#1)

That is US gold, not Chinese.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2023-08-09   12:57:24 ET  Reply   Trace   Private Reply  

#3. To: Horse, 4um (#0) (Edited)

China Buys 23 Tons Of Gold

Sure didn't move the market, Au is still below $2,000.

Gold is still $100 over spot. World's worst investment right now. You start out in the hole.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2023-08-09   13:20:25 ET  Reply   Trace   Private Reply  

#4. To: Horse, 4um (#2)

That is US gold, not Chinese.

US doesn't even have the tungsten, let alone gold.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2023-08-09   13:21:29 ET  Reply   Trace   Private Reply  

#5. To: Horse, All (#2)

That is US gold, not Chinese.

They have knows about Tungsten laced gold bars since 2012. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2023-08-10   7:11:45 ET  Reply   Trace   Private Reply  

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