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China Finally Reveals How Much Gold It Has

Joshua Krause
July 21st, 2015
The Daily Sheeple
Comments (69)

gold-bars-2

For the first time in six years, China has updated the status of their national gold reserves. As part of their move to join the IMF’s basket of currencies, they were asked to come clean on the amount of gold they’ve accumulated in recent years. However, the numbers they’ve given have left investors feeling skeptical.

Officially, they now have 1,658 tons of gold. The last time that number was updated in April of 2009, it stood at 1,054 tons, which is roughly a 60% increase, and places their gold haul above Russia’s. That’s pretty impressive, but it falls far short of what investors had expected. When they first announced that they were going to reveal their stockpile two months ago, the most conservative estimates placed their gold holdings at 3000 tons, or double what they recently reported. Due to the fact that China is the largest gold producer, and nearly the largest gold importer, their current numbers are dubious at best.

As for why they may still be under reporting their gold reserves, they probably don’t want to alarm the markets. They want to keep prices low so they can keep accumulating more, which given the amount of gold they’ve officially bought, they’re obviously determined to keep buying. And since the price of gold and the value of the dollar have an inverse relationship, they want to keep gold low so that their massive dollar reserves stay valuable (which they’re still in the process of selling). At some point they’re going to use their gold reserves to challenge the supremacy of the dollar, but for now, they’re going to keep prices low while they hoard as much as they can.

See how the Chinese are faking their economic data.

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Author: Joshua Krause
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Date: July 21st, 2015
Website: http://www.thedailysheeple.com/china-finally-reveals-its-gold-reserves_072015

Copyright Information: This content has been contributed to SHTFplan by a third-party or has been republished with permission from the author. Please contact the author directly for republishing information.

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69 Comments...

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  1. Vet1 says:

    Off topic- white house refuses to honor Marines killed in Tennessee…

    I can’t print what I’m thinking right now………………..

  2. Chilton says:

    I guess that’s good news, keeps the music going a little while longer allowing us more time to prep. I recently awoke a family of 6 and they are on board big time catching up fast which is nice to see!

  3. Vet1 says:

    Flags everywhere “except” the white house lowered….

  4. As far as China, they bought 3000 tons last couple of years and mined 2000 tons. They lie about how much they have. I bet they have 8000 plus.

    • lalalaI says:

      Really they dont lie about what they have they just report what they have on reserve for trade. Its like you taking 100 bucks to the store. This is what you have to trade but dont mean its all you own.

  5. Angry Old White Guy says:

    I bought 25 Canadian Maple Leaf this morning, hope that doesn’t upset the world market.

    $17.80 each thru JM Bullion.

  6. Freeillinois says:

    I’ve read that china has 16,000 tons of Gold.

    • TheGuy says:

      So what if they do?

      This equates to 512 billion dollars.

      US GDP is 16.7 TRILLION dollars.

      … so woohoo, if true, they can keep the lights on a whopping 1/3 of a year over there if it all goes to sh*t.

      Scale up by whatever multiplier you think gold will go to, but it’s got to be less than 10x I’d think.

    • They did have 16,000 tonnes, but corrupt bureaucrats stole the rest, and used it to buy expensive houses in California and New York.

      /I have no idea if this is actually true, but it would be funny if it is.

  7. Momma D says:

    Just like all corrupt guberments, they aren’t going to tell the truth.

  8. taxedn2poverty says:

    Corrupt government is a redundant statement!

  9. Angry Old White Guy says:

    Our government won’t even let anyone see what is in Fort Know.

    Or what is NOT in Fort Knox.

  10. texasprepper says:

    China is not going to honestly disclose the amount of gold no matter how much they want to be part of a reserve currency status. If they disclosed their true gold holdings, the dollar would collapse. They hold too many U.S. dollars and would lose too much if the dollar collapsed. Once they finish getting rid of their dollars, as they are slowly in the process of doing, they will disclose the true amount of gold reserves they have and the DOLLAR WILL COLLAPSE.

    • sixpack says:

      Not only that, why should they disclose everything they have? I don’t go around telling everybody how much I’ve got. What makes people think that a sovereign nation can’t have any opsec?

  11. TPSnodgrass says:

    Believing that the PRC government is capable of telling the truth, is akin to believing anything CzarinaHIllary says. It will always be a lie for political purposes.

    • Kfilly says:

      Speaking of Hitlery, did you see her latest lies? She stated that she tried applying at NASA, and she was told no because of her gender. Funny that Sally Ride was an astronaut, and she is three years older than Hitlery. The other lie is that she said that she wanted to be a marine. She also played the gender discrimination card here. I could just imagine the marine Hitlery would have been. She had such poise when she was taking fire that one time after her plane landed.

  12. TnAndy says:

    Title should read “China reveals more bullshit about their gold holdings”

  13. Satori says:

    U.S. Capitol Flags Lowered In Memory Of Chattanooga Shooting Victims

    ht tp://www.huffingtonpost.com/entry/us-capitol-flags-lowered-in-memory-of-chattanooga-shooting-victims_55ae4db7e4b07af29d564a5d?utm_hp_ref=politics

  14. Thor says:

    That may help a collapse. But I still don’t think shiny metal is worth anything in a collapse. Bullets, beans,bandaids and of course liquid gold water.

  15. aljamo says:

    Wow, I just read a site on who really controls the world. The Jesuit Order. The word Jesuit means ‘a clever person who deceives the people’, and they have had control for hundreds of years. The plan for the United States is a third world slave plantation, looks like exactly what is happening today. They even control the alternative news. They keep the public eye off of them through the lower levels they control, such as Freemasonry, Council on Foreign Relations and other numerous Orders. It all made sense to me, they rule the planet. Their intent has been hostile and future intent is more hostile. Washington D.C., London, they own it. This claims that 9-11 was controlled by London with Canadian and Israeli help. The website is unhivedmind.com if anyone is interested.

    • The private owners of the largest money trust in history, the Federal Reserve System rules the world through their World bank and the IMF they bring nations to their knees and then raid their resources with the use of usury printed on fiat currency. Weather they are Jesuit or not means little. Look around. The money masters and their power to create money are in total control.

  16. lalalaI says:

    So where that 20,000 tons the gold pumpers said they were going to have? haha

  17. Ned Ludd says:

    Precious metals are not for use during a collapse, they protect your wealth for the recovery.

  18. Plan twice, prep once says:

    China is lowballing the number, the number they gave was respectable enough for them to be considered to be part of the new international basket of currencies that will replace the dollar as global reserve currency.

    If they published the real number it would freak out the business world. Remember there’s no such thing as a private bank in China, they are all government controlled. However they report separately from the government, so the government has them buy gold and then the government doesn’t have to report it as state owned gold.

    It’s all a “Three Card Monty” accounting game!

    • Cellar Spider says:

      YES, YES, YES.

      I might add if the IMF, Europe, US Central banks deny yuan membership into the default basket of currencies that comprise the Special Drawing Right, we’ll sure soon find out how much gold they really have when they provide the start-up funding of the BRICS bank.

      15000 plus tons of gold backing the new institution. That will put western banking out of business.

      • sixpack says:

        Western Rothschild banking is what put the world in the state it’s in, I hope to hell that the Rothschilds lose their asses. I don’t really care who breaks their stranglehold on the world, as long as SOMEBODY grows the balls to do it.

  19. Borodino says:

    Gotta watch out for that “Tungsten Gold!”

  20. swinging richard says:

    I do not know if it matters how much gold they have or not. If they had it all TPTB would do something to make it worthless.

  21. USASECURITYGUARD says:

    Unless you are going to use it, to keep yourself from flinging off the earth. It is useless! Go north as far north as you can! The closer to the pole the more chance you will have that you wont get flung around. The world is going to speed up! Really really fast and anything close to the ocean is dead and anything in the middle of earth is dead! In all the food and preparations that our government is taking into these locations. I have yet to inventory gold! It is all food stuff and survival. All survival! Your gold and silver are worthless!

    • I think I’ll take the risk and stay where I’m at for the time being, betting the odds are going to be in my favor on this one.

    • heyduke says:

      USAsg:
      Actually…
      We are about to scrape the bottom of the Barrel of Souls, so to speak. And very soon its ‘everybody out of the pool’.
      Apocalypse means ‘unveiling’.
      This world is ILLUSION. Yeah, there is pain & pleasure- we collectively crafted this world to appear solid and real, with time and distance etc.
      The punchline is: its not real like it seems. And there is an end coming, like a thief in the night!

      The test will be this- is there LOVE in your heart when you cross the threshold? Or deep inside will you be just a crusty old fart who had a chance and failed?

      So remember, ‘Merrily’
      because life is but a dream.

  22. Anonymous says:

    FROM P. C. ROBERTS WEBSITE….

    Wealthy Germans Forced Pensions of Poor Greeks Down to $94 monthly

    EU proves that “democracy,” “compassion,” “good will,” are cant used to cloak Western looting and oppression.

    Mr. George Romanias, Greek Secretary General on Social Services, has said today, speaking to the Greek MEGA TV station:

    “Ι cannot stay in the Ministry. I went to apply some principles. I cannot do the opposite” Mr Romanias said adding that he will submit his resignation by tomorrow morning. “I cannot apply the law they oblige me to introduce. It is not possible to give a monthly pension of 87 Euros to a handicapped person. This is what was put in law”

    Speakind about the law introduced with express procedures, upon insistence of the Creditors, including all European governements and the Commission, he said “it is the first time in my life that I see a project of law written with such illiteracy, such amateurism and such ignorance… The Prime Minister was blackmailed, that is sure, but I cannot apply a law I don’t agree with and about which I was not asked”.

  23. Anonymous says:

    According TO P. C. ROBERTS, THE ABOVE SCENARIO IS COMINNG TO America SOOON… DEATH BY STARVATION.

    You bring in the Trojan Horse (debt deal which can never be repaid) and then proceed to take over everything they own to pay for it. They have already given trillions to the Banksters in this country… more looting on the way!

  24. Anonymous says:

    THE NIGHT WATCHMAN

    Once upon a time the government had a vast scrap yard in the middle of a desert.
    Congress said, “Someone may steal from it at night.”
    So they created a night watchman position and hired a person for the job.
    Then Congress said, “How does the watchman do his job without instruction?”
    So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.
    Then Congress said, “How will we know the night watchman is doing the tasks correctly?”
    So they created a Quality Control department and hired two people. One was to do the studies and one was to write the reports.
    Then Congress said, “How are these people going to get paid?”
    So they created two positions: a time keeper and a payroll officer then hired two people.
    Then Congress said, “Who will be accountable for all of these people?”
    So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer, and a Legal Secretary.
    Then Congress said, “We have had this command in operation for one year and we are $918,000 over budget, we must cut back.”
    So they laid-off the night watchman.

    NOW slowly, let it sink in.
    Quietly, we go like sheep to slaughter. Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY during the Carter administration?
    Anybody?

    No?
    Didn’t think so!
    Bottom line is, we’ve spent several hundred billion dollars in support of an agency, the reason for which very few people who read this can remember!
    Ready?
    It was very simple… and at the time, everybody thought it very appropriate.

    The Department of Energy was instituted on 8/04/1977, TO LESSEN OUR DEPENDENCE ON FOREIGN OIL.

    AND NOW IT’S 2015 — 38 YEARS LATER — AND THE BUDGET FOR THIS “NECESSARY” DEPARTMENT IS AT $24.2 BILLION A YEAR. IT HAS 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES; AND LOOK AT THE JOB IT HAS DONE!

    38 years ago 30% of our oil consumption was foreign imports. Today 70% of our oil consumption is foreign imports.

    NOW, WE HAVE TURNED OVER THE BANKING SYSTEM, HEALTH CARE, AND THE AUTO INDUSTRY TO THE SAME GOVERNMENT?
    Hello!! Anybody Home?
    Signed….The Night Watchman

    • sixpack says:

      Perfect analogy, watchman. If the politicians REALLY wanted to save this country, they’d close about half of all govt offices…but they have no intention of saving this country. They already have their safe-havens in the tropics, bought, paid for and stocked by their constituents, for when their decisions come home to roost.

  25. Asshat says:

    I only care how much gold I have.

  26. Upstate New Yorker says:

    I just read these posts, and caught a little of Michael Savage, The Savage Nation tonight. He was all over Obama Not Lowering the Flag for the slaughtered 4 Marines. Obama finally caved in, and lowered the flag in the afternoon. I loath Obama to the core, and pray to God that somehow, someway he is held accountable for the destruction of our country and it’s Constitution. He is a piss poor commander in chief, and I hope that every service person and cop does not vote for Hillary or god knows what evil they will throw up. And, so far I am not impressed with the Republican candidates, except for Trump. President Trump, it has a nice ring to it. Thank you for letting me vent.

  27. Mr Smith says:

    China lies about it’s numbers no more than what the US does, its what banker puppets do best.

  28. Anonamous says says:

    Trump is definitley doing a great job getting people’s attention, in the headlines every day,
    Smart like a fox, any press is better than non at all, knows what it should be like in this country.
    We want hope,not so much of that changey America thingy……..

  29. Bert says:

    US Taxpayers to bailout Puerto Rico, bye bye another $100 billion, and… and we’ll continue to feed, clothe, educate the population. Aren’t you glad you’re a legal citizen, working for a living, following the rules and the laws, and have it all taken away by those that deserve nothing.

  30. Yiu X. says:

    Back when Q. Yin lived on Mu, they did not need so much gold as they do now; https://youtu.be/duZ8VCar-jY

    Times have changed!!