China boosts gold reserves for 5th straight month

Taking advantage of the low price of gold, in November China boosted its gold holdings for the fifth consecutive month, the fastest growth rate since June, the central bank reported Tuesday.

However, November’s $87 billion decline in total foreign exchange reserves was the country’s biggest drop since August’s record-high decline of $93.9 billion. Continue reading

[WARNING] China, Russia Create Own Gold Market to Take Down U.S. Dollar

And this is only the economics side of what’s to come.

People have long forgot about the military component to the Sino-Soviet war axis, which is under construction and will be used to create One Clenched Fist.

BRICS is the social-economics side, whereas the SCO is the political and military side.

The sword is coming.

 

If you’ve ever suspected the gold market is being manipulated, you’re not alone – and you’re right, it is.

Money Morning Chief Investment Strategist Keith Fitz-Gerald explained to readers gold price manipulation back on March 5, 2013:

“Central banks and traders (especially the big ones acting on behalf of mega hedge funds, large-scale private funds, and institutions) can push gold prices higher – or lower,” Fitz-Gerald wrote. “The financial markets are like a football game in that there is a constant flow of energy between participants. And the ‘manipulation’ works in both directions, especially when it’s being orchestrated by the Fed and other central banks in the name of political expediency.” Continue reading