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Robert L
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China’s Gold: A “Black Swan”? - Dan Popescu - GoldBroker

Not once in your article do you make mention of a factor which could have an impact equal to China's announcement of possessing 10,000+ tons of gold - namely the possession by the U.S. of virtually no gold !! Why do analysts continue to repeat the myth of the U.S. holding 8,000 tons when there is substantial evidence they have sold or leased virtually all of it. This is corroborated by the fact that there has been no audit of the U.S. gold for some 50 years, and they continually refuse to do so.

Commented 3267 days ago

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Beginning of the headline :I know. I am using the term “black swan” very loosely and I agree. According to Nassim Taleb to be a black swan event, it should be rare, have extreme impact and have retrospective predictability (though not prospective). However, I think China could shock the world when it announces its gold reserves. Something tells me it will have the same effect as the unpegging of the Swiss franc. Many called, also loosely, the unpegging of the Swiss franc a “black swan” event. Economists will come this tim... Read More

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