Koos Jansen on German Financial TV Discussing Gold Manipulation and Chinese Demand
TND Guest Contributor: Craig Hemke |
Last week, our pal Koos Jansen was a featured guest on the German financial TV network, DAF. As the algo-generated divide between physical demand and paper price widens by the day, this video is a must watch for everyone.
Koos now works for BullionStar.com and the original source link can be found here.
In this 12-minute interview, Koos discusses most of these points:
- Chinese consumer gold demand in 2013 was 2,200 tonnes, not 1,100 tonnes as the Wold Gold Council states.
- Only for consumer demand China net imported 1,500 tonnes in 2013.
- The best way to measure Chinese wholesale demand is by withdrawals from the Shanghai Gold Exchange vaults (SGE) – although this might change in the future.
- The PBOC does not purchase gold through the SGE.
- The PBOC is definitely increasing its official gold reserves.
- China is the most important player in the gold market, they are the second largest economy in the world and accumulate gold for it’s monetary value and in anticipation of a new monetary system.
- China still has a lot to work to do regarding the internationalization of the renminbi, developing their financial markets and diversify their FX reserves. In this sense China has no rush, it wants a gradual shift away from the US dollar.
- When China will fully utilize the gold it is accumulating, I expect the price to rise.
One note…The first 30 seconds or so are in German but the remainder of the interview is conducted in English.
TF
# # # #
Craig Hemke (aka Turd Ferguson) is a former stockbroker, mutual fund wholesaler and commodities options trader with over 25 years of experience. He jumped off the corporate ladder in 2008 and now is the proprietor of the popular website TFMetalsReport.com as well as the author of a subscription service hosted at the same website. Click here to learn more about his exclusive reports.
Source: http://thenewsdoctors.com/koos-jansen-on-german-financial-tv-discussing-gold-manipulation-and-chinese-demand/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,260,283 |
| Stories: | 8,449,949 |
Whistler Blowers, Insiders
