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Thursday, January 19, 2012
One Guess as to what they a swapping US Debt for
Both China and Russia's holdings of US treasury debt have reached their lowest point in over a year, with Russia's holdings down 50% since Oct 2010.
Whilst figures of official gold holdings in China and Russia are opaque at the best of times, one has to assume some, if not most of the proceeds of the sales of US treasuries have found their way into the gold market via open market purchases or in the case of China mostly by direct off take from local mines (China is now the world's largest Gold miner and is either the 1st or 2nd largest importer of gold annually).
Charts from ZeroHedge.com
Whilst figures of official gold holdings in China and Russia are opaque at the best of times, one has to assume some, if not most of the proceeds of the sales of US treasuries have found their way into the gold market via open market purchases or in the case of China mostly by direct off take from local mines (China is now the world's largest Gold miner and is either the 1st or 2nd largest importer of gold annually).
Charts from ZeroHedge.com
US Congress corrupt to core
RussiaToday on Jan 18, 2012
When it comes to big money in America's politics, lobbyists are the people who know exactly how it works. RT talks to former lobbyist Jack Abramoff who explains why he thinks Washington is corrupted to the core.
KWN's London Traders update
Source: KWN Blog
These paper markets are a joke. Nobody who
is seriously in the business of taking physical delivery is trading on
the COMEX anymore. That is big news. The COMEX is no longer a credible
marketplace....
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