Hi Slange and All, I also noticed the lack of enthusiasm from...

Hi Slange and All,

I also noticed the lack of enthusiasm from the BBC regarding the big wins for Nigel Fargae and his reform party. However, anyone with active brain cells knows better than to trust any single source of information if one wishes to stay ahead of the game. Personally, I think Nigel will give the current comedian a run for his money at the next general election. In fact, I believe he could well be the next occupant of Ten Downing Street.

Below is a now slightly dated video clip on China buying Gold. The biggest statement that dates this clip is the fact of some of the big US named trading houses are predicted Gold could surpass US $3,000.00 over the next few years!!!

Whilst China is well behind the USA for Gold reserves (If there in Fort Knox) it is interesting their increasing percentage of Gold in their overall reserves. In 2019 prior to Covid their gold holding represented a tad under 3% of total reserves now in 2025 Gold represents some 5.9% of their total reserves. A doubling in Gold held in reserves in 5-6 years is significant in my humble opinion.

If they maintain or accelerate their increasing of Gold as a percentage of their total reserves, then we may expect more fireworks in the future.

I cannot see why the Chinese would continue you to purchase and hold US treasuries under the current tariff action from the White House replacing these with physical Gold makes sense to me.

WhyChina is Buying So Much Gold Reserves

Here is a link to a 2017 Alibaba founder Jack Ma interview pointing out that China is not stealing jobs. The truth is many of the largest USA manufacturers broke their necks to outsource their production to lower cost center's including of course China. Interestingly he also mentions (2017) any future tariff wars between China and the USA would be so destructive to all parties.

Hi, Skol, now that’s an accidental prediction I only mention that because I don’t think you would recognise one given your history around here!

Alibabafounder Jack Ma: China isn’t stealing jobs, it’s creating jobs

Over the weekend I watched this Jeffrey Sachs interview about China’s belt and road initiative. I found it interesting. Personally, I really think Australia missed a great opportunity by not signing up to this scheme when they had the option. Probably just another symptom of the Canberra trough feeder towing Uncle Sam's line as a vassal state.

As Jack Ma pointed out the USA made lots of money / profits from having their goods produced in China. Had these vast profits been ploughed back into US research and infrastructure instead of being wasted on countless unproductive wars perhaps making America great again would not be such a daunting task.

JeffreySachs REVEALS TRUTH About China's Belt and Road

The question I posed yesterday: “ Will China come back to the Gold market with a bank after their break?”

Looking at the chart at 11:00 AM GMT my guess would be yes; however, we will have a better idea once you guys are up out of bed and enjoying your cornflakes!

Cheers