China Goes For Gold! - China wants gold and it needs it to really be established as the new economical leader.

THIS IS A SIGN THAT YOU SHOULD BE GOING FOR GOLD & SILVER TOO! China knows that in order to be a true economic super power it needs to accumulate the only real money (gold & silver). Gold & Silver are money, cash is a form of a currency. All currencies fail, gold & silver are the only thing to trust.

China seeks to widen gold market - Financial Times

http://www.ft.com/cms/s/0/49c6bbac-9f2a-11df-8732-00144feabdc0.html

China seeks to widen gold market

By Leslie Hook in Beijing
Published: August 3 2010 19:27 | Last updated: August 3 2010 19:27

"China has moved to liberalise its gold market further, increasing the number of banks allowed to trade bullion internationally and announcing measures that will encourage development of gold-linked investment products. The move by Beijing’s central bank comes as the country’s investors pour record amounts of money into gold, in a trend that is becoming a significant factor on global prices."

China Steps Up Global Mining Buys

http://www.gata.org/node/8847

Weak Economy, Fed Ease, China, WWIII

BEIJING (Reuters) - China should cut its holdings of U.S. Treasury securities when market demand is strong, a prominent economist said.

http://www.reuters.com/article/businessNews/idUSTRE66I05U20100719
BEIJING | Sun Jul 18, 2010 9:24pm EDT

BEIJING (Reuters) - China should cut its holdings of U.S. Treasury securities when market demand is strong, a prominent economist said in remarks published on Monday.

Beijing reduced its Treasury holdings in May by $32.5 billion to $867.7 billion, but it actually bought a net $3 billion in long-term Treasuries and remained the largest single holder of U.S. government debt, the Treasury reported on Friday.

Yu Yongding, a former academic adviser to the central bank and now a professor with the Chinese Academy of Social Sciences, said Beijing should invest in assets denominated in other currencies as well as other financial instruments and real goods.

"Although assets in other currencies and forms are not an ideal replacement for U.S. Treasury bonds, diversification should be a basic principle," Yu wrote in the China Securities Journal.

"When demand for U.S. Treasury securities is strong, it's a rare opportunity for us to gradually pull back. That way, it will not have a big impact on prices and China will not suffer too much," he said.

Zhang Monan, a researcher with the State Information Center, a think tank under the powerful National Development and Reform Commission, told the paper that China should invest more of its $2.5 trillion of foreign exchange reserves, the world's largest stockpile, in hard assets such as gold.

(Reporting by Langi Chiang and Alan Wheatley; Editing by Ken Wills)

China is fiscally worse than Greece - The Keiser Report

Max Keiser talks to Stacy Herbert about the financial problems of many chinese provinces and the silver standard recorded on Jun 26th 2010

Now China sources newly mined gold from the USA - (THIS IS BULLISH NEWS FOR THE PRICE OF GOLD)

http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106850&sn=Detail&pid=102055
Now China sources newly mined gold from the USA
The latest news from Coeur d'Alene Mines on its sale of gold concentrates on a long term contract to the Chinese has to be seen as yet another positive for the gold price.

Author: Lawrence Williams
Posted: Friday , 25 Jun 2010

Jim Rogers likes Silver on CNNMoney June 22, 2010

Harvard Professor Neil Ferguson on CNBC on US Debt & the Mortgage Crisis

http://www.businessinsider.com/niall-ferguson-yuan-2010-6
White | Jun. 21, 2010, 1:16 PM | 3,232 | 25
Niall Ferguson of Harvard University spoke with CNBC this morning about the yuan revaluation, saying it was too small to matter for the U.S. trade balance. He also speculated on the difficult future facing the U.S. regarding its sovereign debt situation.
0:35 This is a subtle bit of politics ahead of the G20, China is creating a currency sideshow compared to what is happening with the euro
1:30 They would have to revalue the yuan by 25 or 30% to have a significant debt on the trade balance with the U.S.
1:50 Job losses in the U.S. are not the result of manufacturing competition with China, but with the decline in the housing market, which is a long term problem
2:25 The next step in this crisis is the sovereign debt - fiscal crisis scenario, as balance sheets across the west are out of shape
3:20 The U.S. is so vulnerable because servicing costs and yields are so low right now; when things move slightly, it will be dramatic crisis for the U.S. because of how much debt it has
4:20 There is going to be a crisis in the U.S. within 2 years, best case scenario 4 years

Mike Maloney Answers Silverstudy - Gold & Silver Will Win Against Manipulation/Price Suppression

whygoldandsilver — June 21, 2010 — http://www.goldsilverdvd.com The free market always wins. It always does. Hang on for the ride of your life. Thanks for the great question Tim, hope you enjoy this. More Q&A videos to come, stay tuned folks.

Chossudovsky: "Major currencies can simply collapse"

RTAmerica — June 18, 2010 — Obama is urging China to review its currency policy despite Chinese officials made it clear that they are not going to tolerate any interference from abroad to this issue. Is this going to become a major topic of the G-20 meeting in Canada and what's the mood their on the eve of the summit? Michel Chossudovsky says that the financial crisis is not over as President Barack Obama has hinted at.

National Inflation Association (NIA) Update

Russia and China are now preparing for a post-dollar world. Are you? Check out this new must see video from NIA's VisionVictory:

Please continue to spread the word about NIA by telling your friends and family to subscribe for free at: http://inflation.us

In Advance Of G-20 Meeting, China Announces Dollar Peg To End - ZeroHedge.com

http://www.zerohedge.com/article/advance-g-20-meeting-china-announces-dollar-peg-end

In a statement posted on the PBOC's website late last night, the Chinese central bank has announced it will seek a flexible yuan, ending a two-year peg to the dollar. The news comes a week before the G-20 meeting at which the CNY exchange rate was set to be a key issue of debate. On the other hand, as the PBoC noted, With the BOP account moving closer to equilibrium, the basis for large-scale appreciation of the RMB exchange rate does not exist." As such, a large initial move is unlikely to occur, and the bulk of the volatility will likely strike at traded CNY forwards.

Full statement:
Click Here to go to ZeroHedge for the full post.

China to allow more exchange rate flexibility

http://finance.yahoo.com/news/China-to-allow-more-exchange-apf-2128784693.html?x=0&sec=topStories&pos=2&asset=&ccode=

Cara Anna, Associated Press Writer, On Saturday June 19, 2010, 2:31 pm EDT
BEIJING (AP) -- President Barack Obama welcomed China's announcement Saturday that it will allow a more flexible exchange rate for its currency, saying it would help protect the economic recovery.

The announcement by China's central bank suggested a possible break from the yuan's two-year peg to the U.S. dollar -- a source of friction between the two countries -- but ruled out any large-scale appreciation.

The People's Bank of China mentioned no specific policy changes, though markets will be watched closely Monday for the announcement's effects. Chinese officials have said all along that reforms of the yuan, also known as the renminbi, or "people's money," will be gradual.

News black-out of strike pays off for Honda

http://www.ft.com/cms/s/0/6f706b98-7831-11df-a6b4-00144feabdc0,dwp_uuid=9c33700c-4c86-11da-89df-0000779e2340.html
News black-out of strike pays off for Honda
By Tom Mitchell in Zhongshan

Published: June 15 2010 06:05 | Last updated: June 15 2010 22:33

On June 12, at the height of the latest strike to affect Honda’s China operations, a young female worker watched as a cameraman marched up to one of the company’s human resources executives.

“Is he with Zhongshan TV?” the striker asked hopefully, referring to the factory town in southern Guangdong province where Honda Lock is located. When told that the cameraman was in fact from NHK of Japan, she was visibly disappointed. “Why can’t Zhongshan TV report it?” she asked. “Is it because the company won’t let them?”

A government ban on local reporting of the Honda Lock strike has had its desired effect. Many of those who responded to a recent recruitment drive at the factory, launched to put pressure on the strikers, said they were not aware of the industrial action.... (click the link above to read the whole article)

Zero Hedge Articles of Interest

Confirmation Of Chinese IMF Gold Purchasing Intentions?
http://www.zerohedge.com/article/confirmation-chinese-imf-gold-purchasing-intentions

Federal Reserve Balance Sheet Update: Week Of February 25 - Just $45 Billion Left In Quantitative Easing
http://www.zerohedge.com/article/federal-reserve-balance-sheet-update-week-february-25-just-45-billion-left-quantitative-easi

Is Ben Bernanke The Second Coming Of Rudolf von Havenstein, The Central Banker Responsible For Germany's Hyperinflationary Collapse (And Ostensibly WWII)?


http://www.zerohedge.com/article/ben-bernanke-second-coming-rudolf-von-havenstein-central-banker-responsible-germanys-hyperin

China's continued sale of U.S. debt seen as a trend (GATA) 2-16-10

http://www.gata.org/node/8334

Move Over China: Beijing Sells Whopping $34.2 Billion Treasuries In December As Japan Becomes Largest Official Holder Of US Debt

http://www.zerohedge.com/article/move-over-china-beijing-sells-whopping-342-billion-treasuries-december-japan-becomes-largest

China orders retreat from risky assets

China orders retreat from risky assets
China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets
http://www.telegraph.co.uk/finance/china-business/7205110/China-orders-retreat-from-risky-assets.html