Articles related to China
 
Dan Popescu - GoldBroker
  Above-ground Gold Stock - How Much Is There and Why Does it Matter 
To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller. The vast majority of all the gold mined throughout human history still exists and is held either in bars, coins, or jewel
Sunday, September 1, 2019
Chris Powell - GATA
Becoming deliverable, Hong Kong gold futures contract succeeds
By Enoch Yiu South China Morning Post, Hong Kong Sunday, August 27, 2017 The Hong Kong stock exchange's successful launch last month of gold futures was a boon for the city's beleaguered brokers, offering the small and medium firms that are feeding off the crumbs of the bourse extra trading activity and fee income, at a time when equities transactions have slowed to a trickle. "The gold futures launched last month were a good beginning," said Alfred Yeung Ping-kwan, founder and chairman of Glory
Monday, August 26, 2019
USA GOLD - USA Gold
Exclusive: China curbs gold imports as trade war heats up
Reuters/Peter Hobson and Yawen Chen/8-14-2019 “China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.” USAGOLD note:  Reuters goes on to say that China has cut incoming shipments by 300 to 500 tonnes.  This could lead to higher yuan-based prices within China for the gold already on hand.  How that will
Thursday, August 15, 2019
Steve Saville - Speculative Investor
Basic Gold Market Facts 
Here are ten basic gold-market realities that are either unknown or ignored by many gold 'experts'.1. Supply always equals demand, with the price changing to maintain the equivalence. In this respect the gold market is no different from any other market that clears, but it's incredible how often comments like "demand is increasing relative to supply" appear in gold-related articles.2. The supply of gold is the total aboveground gold inventory, which is currently somewhere in the 150K-200K tonne
Wednesday, August 14, 2019
Perth Mint Blog
Then, As Now, Silver's Course Dangerous To Predict
Looking for something different to read during my midday break today, I visited The Perth Mint’s library and came across “Messrs.Mocatta andGoldsmid’s Circular on the Movements of Gold and Silver during 1913”, an Appendix to the British Royal Mint’s 1913 Annual Report. Silver investors will find this circular of 100 years ago of interest as Messrs.
Saturday, August 10, 2019
Chris Powell - GATA
China state banks seen supporting yuan in forwards market, sources tell Reuters
China's state banks have been active in the onshore yuan forwards market this week, using swaps to tighten dollar supply and support the Chinese currency, four sources with knowledge of the matter told Reuters. The spot value of the yuan has fallen sharply this week against the dollar as tensions between China and the United States escalated and prompted fears that their trade war could shift into a currency war. The sources said banks had conducted significant amounts of buy-sell swaps in th
Thursday, August 8, 2019
Chris Powell - GATA
China scoops up more gold for reserves during trade war
There's a powerful constant amid the to-and-fro of the U.S.-China trade war as currency policy gets dragged into the standoff between the world's two top economies: Beijing wants more gold in its reserves. China's central bank expanded gold reserves again in July, pressing on with a run that stretches back to December. The People's Bank of China raised holdings to 62.26 million ounces from 61.94 million a month earlier, according to data on its website. In tonnage terms, the inflow was close to
Thursday, August 8, 2019
Chris Powell - GATA
Pot calls kettle black as U.S. labels China a currency manipulator
http://gata.org/node/18210 http://gata.org/node/18832 * * * U.S. Designates China a Currency Manipulator By William Mauldin and Nick Timiraos The Wall Street Journal Monday, August 5, 2019 WASHINGTON -- The U.S. Treasury labeled China a currency manipulator after the Chinese central bank let the yuan depreciate, capping a day of trade-war escalations that sparked a global fall in financial markets and fears the clash could stall America’s economic expansion. The uncertainty could pressure the Fe
Wednesday, August 7, 2019
Chris Powell - GATA
China limits yuan's fall after being labeled currency manipulator
China took steps to slow the yuan's descent as the effects of Monday's tumble continued to weigh on markets. The People's Bank of China set the daily currency fixing stronger than analysts expected and announced the planned sale of yuan-denominated bonds in Hong Kong. The moves, which came hours after the U.S. labeled the country a currency manipulator, helped drive the offshore yuan higher. ... ... For the remainder of the report: https://www.bloomberg.com/news/articles/2019-08-06/yuan-fixing-i
Wednesday, August 7, 2019
Chris Powell - GATA
Yuan's slide is watershed moment for China
China's allowing the yuan to slide below 7 to the dollar is a watershed moment for currency markets that is symbolically equivalent to the U.S. and other countries abandoning the gold standard in the interwar period, or the collapse of the postwar Bretton Woods system of fixed exchange rates four decades ago. The implications for the global economy are equally significant. The world's major currencies aren't tethered in the way they were in those periods, but gold and Bretton Woods both served
Wednesday, August 7, 2019
Chris Powell - GATA
Ambrose Evans-Pritchard: Currency war begins as China hurls devaluation back in Trump's face
China has hit back against the Trump administration with a drastic exchange rate devaluation, almost guaranteeing a superpower showdown and a lurch towards full trade war. The yuan blew through the symbolic line of seven to the dollar for the first time since the global financial crisis, with the offshore rate in Hong Kong spiking to 7.07 in moves that stunned seasoned traders. The calculated action by the People's Bank (PBoC) threatens to unleash a wave of deflation across the world and risks
Monday, August 5, 2019
Chris Powell - GATA
Slide of China's yuan had OK of policymakers, sources tell Reuters
Chinese monetary authorities let the yuan slide past the key 7-per-dollar level so that markets could finally factor in concerns around the Sino-U.S. trade war and weakening economic growth, three people with knowledge of the discussions said today. The yuan tumbled 1.4% and past 7-per-dollar level for the first time in more than a decade today, following two days of weaker-than-expected midpoint settings by the People’s Bank of China. Those fixings on Friday and today followed U.S. President
Monday, August 5, 2019
Antal E. Fekete - Gold University
Second Front In The Gold World
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Saturday, July 6, 2019
Perth Mint Blog
Which United States President dug for Australian Gold
The glamour, excitement and riches of the Western Australian goldfields in the 1890s attracted a diverse cross-section of people from all over the world. Some came in search of fortunes, others because they had expertise to offer the burgeoning gold mining industry. Herbert Hoover photographed in Perth, Western Australia in 1898.
Friday, July 5, 2019
Hugo Salinas Price - plata.com.mx
  The Gold Standard: Generator Protector Of Jobs 
The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best.
Thursday, June 27, 2019
FOFOA - FoFOA
Fiat 33 
"Sir, I would say, "Old World Order" to return. To understand/explain better: A very easy way to view this "order", would be to simply say that the American Experience is reaching the end! As we know, world war two left Europe and the world economy destroyed. Many thinkers of that period thought that the world was about to enter a decades long depression as it worked to rebuild real assets lost in the conflict. It was this war that so impacted the idea of looking positively toward the fu
Friday, June 21, 2019
Nathan Lewis - New World Economics
The View From 2011
Today, we will continue our discussion of the “gold sterilization” of 1937. June 18, 2017: The “Gold Sterilization” of 1937 June 25, 2017: The “Gold Sterilization” of 1937 #2: Fumbling and Bumbling We will look at an influential 2011 paper by Douglas Irwin, available here: http://www.nber.org/papers/w17595.pdf All in all, I think the paper is pretty good, at least in its basic descriptions. It meanders into the usual channels of pointless Monetarism, with some equally pointless math, but it does
Tuesday, June 11, 2019
Charleston Voice
  Global Times - Hard lessons from China's silver standard 
History will repeat, but this time around America will not be able to coin silver Trade Dollars to conduct trade with Asia. Oops. Oh, where O where did my empire go? Source: Caijing.com.cn  [08:30 July 15 2009] Chinese macroeconomic historian Ray Huang used to say the Qing Dynasty never understood monetary and fiscal policy, and therefore was unable to compete against the West. In those days, monetary policy in China was essentially tied to silver, the national money standard since t
Monday, June 10, 2019
Hugo Salinas Price - Plata.com
Copernicus, Galileo and Gold. Part I 
We are deceived when we consent to think about the “price of gold”. At the very outset of our thoughts regarding gold, we are wrong, just as astronomers prior to Copernicus were wrong in thinking about the solar system as geo-centric, with the Sun, Moon and planets describing perfect circles around Earth. Gold is - to follow the astronomical simile - the center of the monetary universe, and the planets - the currencies - circle the Sun, which represents gold. The correct starting point is
Sunday, June 9, 2019
Alasdair Macleod - Finance and Eco.
  Understanding money and prices
This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years.Very few people have a full understanding of the relationship between money and goods. This is the relationship that sets prices. Yet, without that understanding, central banks will almost certainly fail i
Monday, June 3, 2019
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