Gold price, page-207

Here are the facts:
China and Russia have been quietly accumulating significant amount of gold bullion in recent years. They are now the top producer and top consumer of gold in the world. They have been keeping all of their domestic production, and import significant amounts from other nations.

They have been buying up gold mines here and around the globe at a bargain price and bringing home gold they had stored overseas in countries like London, New York and Switzerland.



After accumulating all of this gold, along with their close ally Russia, many believe they will eventually break the metal free from the price manipulation undertaken by the banks/governments in the United States and United Kingdom. Once price discovery moves from West to East, they will allow the price to float to free-market levels and the value of all the gold they have been accumulating will skyrocket.

This will give them a considerable strategic advantage over the United States, a nation that many believe no longer has the gold that they claim. Indeed, with a lack of a comprehensive audit and unwillingness of officials to allow one, many believe the gold is no longer in Fort Knox.

Once gold achieves its intrinsic value of $3000, China will be able to control the financial market with their massive reserve of gold , followed by dumping the treasuries and then say good bye to the US dollar and nations around the globe will be forced to recognise Yuan as the dominant currency.

Chinas has a huge plan to dominate the world and the launch of Yuan gold fix is just the beginning.

Happy days are coming.

Cheers,

Sydney