Committee - Friday, page-14

Anyone want to speculate why gold has gone up $40 in 4 days? Could there be a flight to safety going on in a real panicky sort of way? Maybe it is the recent news of H-bombs, conflicts, slowdowns, etc. or maybe it is something else . . .

• China is quietly accumulating massive amounts of gold and building alternative financial institutions such as the Asia Infrastructure Investment Bank (AIIB), and the BRICS-sponsored New Development Bank, NDB.
• When the time is right, China will suddenly announce its actual gold holdings to the world and simultaneously turn its back on institutions like the IMF and World Bank.
• China will back its currency with its own gold and use the AIIB, NDB and other institutions to lead a new global financial order.
• China will invite Russia and others to join them in this new international monetary system. As a result, the US dollar will collapse…the price of gold will skyrocket…and China will be the new global financial hegemon. The gold bugs will live happily ever after.

http://www.marketsandmoney.com.au/why-most-pundits-are-dead-wrong-about-chinas-gold-2/2015/07/22/