I am sure this is one of my crazier posts. This is a complete "what if" scenario. Pure speculation. I am not trying to start an Internet rumor. I am simply observing dots and trying to connect them into a picture that makes logical sense. ANOTHER told us more than 10 years ago that large quantities of physical gold were changing hands [SECRETLY] at the highest levels at a value of $6,000 per ounce. This was back when gold was trading on the "free market" at less than $300 an ounce. Dot #1. China recently announced that it had increased its gold reserves by 454 metric tonnes from 600 tonnes to a total of 1,054 tonnes. Dot #2. Japan is a tried and true member of the dollar faction. But it is also a geographical and racial member of Asia. So if Japan wanted to follow China and make a move away from the dollar for self-preservation purposes it would need to do so surreptitiously. Dot #3. The WGC and IMF report that Japan has 765.2 metric tonnes of gold reserves amounting to only 2.2% of its forex reserves. This is less gold as a percentage of reserves than Latvia has! Dot #4. Two Japanese nationals are arrested in Italy trying to "smuggle" into Switzerland $134.5 BILLION in US Bearer Bonds! Link. Dot #5. So let's do the math. If super large quantities of physical gold were moving around at $6,000 an ounce ten years ago, what would be happening now? My guess is $10K per ounce. So how many ounces could you get for $134.5 bn? You would get 13.45 million ounces. In tonnes, that is 418 metric tonnes. Add that to Japan's 765 tonnes, and Japan would have a total of 1,183 tonnes, regaining its lead over China by 129 tonnes. Japan's lead over China was 165.2 tonnes before China's recent announcement. Please let me know what you think about this crazy theory. The way the math worked out surprised the heck out of me. The math is what made this worth posting! Sincerely,
FOFOA
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