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Gold War II: The One Bank’s Indian Gold-Grab

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The prequel to this piece, Gold War: China’s SECOND Announcement of More Gold Reserves, explained several points. Readers were enlightened as to the rules on what sorts of gold transactions must be reported by our governments in a “timely manner”, and what sorts of transactions have no reporting requirements, at all – i.e. any/all disclosures are purely voluntary.

In providing this information, it was explained to readers why China’s second announcement of increased gold reserves actually had even greater significance than its original announcement. This is true even though the first disclosure was a total of 600 tonnes, while the second disclosure was a mere 19 tonnes. Why?

China’s first disclosure of 600 tonnes was a voluntary disclosure (and merely a partial one, at that). We know this with certainty, for two reasons:

1)  It was a large number.

2)  It was a “round” number.

This is too much gold for China to have purchased, on the open market, in the one-month reporting period for such transactions. They could never extract that much gold out of the market (in one month) without at least triggering a very sharp spike in price, and/or a formal inventory default. Secondly, purchases on the open market are rarely round numbers. The government buys what it can, at the price it is willing to pay.

For precisely (the opposite of) these same, two reasons, we know that China’s second announcement of “more gold” (the 19 tonnes) was a mandatory disclosure, and thus represented the first time that the government of China had purchased gold on the open market, in at least 6 years. It was that blockbuster announcement which led to the inference that this was (possibly) the beginning of a full-scale “gold war” between East and West – but started by the West, not the East.

However, as promised in the first installment, there is far more proof to present to readers in support of this hypothesis than just the twin disclosures by China of increased (official) reserves. As also noted, providing such evidence would require turning to the gold market of India, the world’s largest private repository of gold.

Estimates on the total amount of gold collectively hoarded by India’s 1.2 billion population range from a mammoth 18,000 tonnes to even more-stupefying estimates of as much as 30,000 tonnes. The more-conservative number comes from the World Gold Council, a banker-operated institution of serial liars, thus the larger number may, in fact, be the more-plausible total.

Whatever the exact number; India has a lot of gold. To a cabal of serial gold-thieves like the One Bank, that hoard is nothing less than the Holy Grail. What makes this massive accumulation of gold even more mind-boggling is that India has never produced significant amounts of gold itself (via gold mining). Thus almost all of these 10’s of thousands of tonnes have been imported into the nation, over a span of many centuries.

In this respect; it may represent the largest migration of real wealth in the entire history of our species. It is with this thought in mind that the One Bank launched its first attack on this market. Its goal was not to attempt to “liberate” some of that 18,000 to 30,000 tonnes of gold. Rather, its goal was to block more gold from entering the nation.

The modus operandi of these convicted currency-manipulators was (surprise! surprise!) to manipulate India’s currency. They took India’s rupee to an all-time low, and engaged in naked extortion with India’s government: block gold imports, or else.

We know this, because it was broadcast by the One Bank’s pets in the Corporate media: India’s rupee is falling “because” India was importing too much gold. We know this was/is a lie, because (as explained previously) the “explanation” from the media was economically impossible, and thus gibberish. But as soon as the government of India instituted an embargo on gold imports, the rupee (magically) began to rise in value.



Source: http://bullionbullscanada.com/index.php/commentary/gold-commentary/26647-gold-war-ii-the-one-bank-s-indian-gold-grab


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