When gold prices pushed down and the West are selling their gold, China devours everything they can

U.S. continues to buy dollars in the rampant gold rate in chennai pace. While China sees the value of the dollar portion of its foreign exchange reserves to be diluted more and more. To counteract this, buy the country up fixed assets abroad, such as metals, companies and mines in a steadily increasing pace. China buys now the world's gold production, while the West instead sell their gold reserves. China also buys up foreign gold rate in chennai mines and allows to import the entire production process from there. Even their domestic gold production, which is one of the world's highest remain in the country
China's own gold exchange - Shanghai Gold Exchange - is now larger than the U.S. Comex, but especially notable is that the stock market since 2009 has delivered 8,655 tons of gold, more than alleged to be in Fort Knox!
When gold prices pushed down and the West are selling their gold, China devours everything they can get. This and reporting on the ever-growing difficulties in actually getting their gold delivered from western gold exchanges.
The renminbi is already the world's second-largest trading currency - a fivefold increase in barely two years. China creates currency swap agreements with many of its trading partners, so they can pay for Chinese goods in renminbi instead, which otherwise, in U.S. dollars. All BRICS countries now concerns among themselves in their own currencies and thus abandons the dollar. Many of America's largest companies on the Fortune 500 list have begun paying for kinsesiska goods in Renminbi. The country is now the world's largest consumer of luxury goods. China's military power starts to appear more and more. Already two years ago noted the USA they would be absolutely gold rate in chennai no chance of a conflict with China. China has just landed its first rover on the moon, after earlier this year have sent three Chinese astronauts in orbit before they docked with the International Space Station. The country plans to have a permanent space station by 2020. China recently signed gold rate in chennai a letter of intent to join Singapore - Asia's other giant in the financial market - create a cooperation on a whole range of new financial gold rate in chennai instruments traded in Renminbi. But the biggest threat to the U.S. economy, gold rate in chennai the day China seriously stop buying U.S. bonds. Something needed to keep the house of cards that is the U.S. economy under the arms. Even today goes most of the money the United States, "press up" to buy back their own bonds and China seems already to prepare a quick exit by swapping their bonds with long maturities against gold rate in chennai such short-term, so they do not risk being left with worthless U.S. bonds. One reason might be that the U.S. is talking about pushing less money, which would reduce the value of U.S. securities. In addition, no longer need China U.S. currency for trade with its local trading partners to the same extent, which further reduces the need for a U.S. bond holdings. But China would suffer if they too would quickly did away with its U.S. fixed income gold rate in chennai securities, since it would reduce the value of China's own holdings. It would also pull along much of the rest of the world in sales, then no one wants to be stuck with black Petter on hand when the dollar well begin to crumble. This means that once it starts to go downhill, it will go fast.
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