Current Keiser Report interview (E390) with analyst Dan Collins...

Current Keiser Report interview (E390) with analyst Dan Collins based in China discusses the possibility of China announcing a Gold backing for the currency once they have somewhere over 4000 tons in reserve.

The Dan Collins seems to think that they could have between 6000 to 8000 tons if you take their internal production and recent unconfirmed purchases into account which means that this type of announcement could come at any time.

This would have an unpredictable effect on the Gold price.

Also need to take into account that due to the Oil/Shale boom in the US and growth in China - China is expected to become the largest oil importer in the future which would impact on the petro/dollar relationship.

I expect that they would be converting their US dollar reserves into Gold fast as possible due to the ongoing QE diluting their position.

Like Pinto said, we live in very interesting times, if you can pick the correct side of the bet, at present mine is on Gold, Gas and physical metal but all are being hammered by markets, sentiment, manipulation and Green interference.