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Never Believe ANYTHING Until It's Been Officially Denied|
That's what they say in "rip-off Britain". They also say they're treated like mushrooms; kept in the dark and fed s**t.
The country’s imports of non-monetary gold slumped in October to the lowest in data compiled since January 2017, according to customs figures released Monday.
. . .
Indian demand is also in a funk, Capital Economics noted, with demand unusually weak during the Diwali festival that normally sees a bump in imports.
- China’s Frugal Consumers Pile Pressure on Gold as Economy Slows
But as Sprott Asset Management complains, prices for gold are "counter-intuitive"; they go up when they should go down; they go down when they should go up.
Given the tsunami of fake news, you could be forgiven for thinking they were trying to distract you. Several years ago, one article suggested the Shyster of Omaha should "suck it up" and stop talking about gold. Whilst the jewish-controlled, state-run BBC has satellite photos showing China erecting buildings and claims this is evidence of torture, the MI6 mouthpiece, Guardian, reports on a manga cartoon, depicting this alleged torture. That's like the cartoon that replaced the Zapruder film, despite the Zapruder film being an ACTUAL film of the assassination of JFK. Meanwhile a rabbi has rabidly interfered in poodle-politics by denouncing the former chair of the Stop the War Co-alition, Jeremy Corbyn. If only Corbyn was a draft-dodging, war-mongering war criminal like John Bolton, then he'd receive the Guardian of Zion award too! And war criminal, The Donald, would avoid an impeachment if he hadn't ordered a withdrawal from the Great Satan's latest illegal war, in Syria.
Just like that one bar wasn’t melted to ‘obtain a detailed picture of the fineness,’ an additional 4,399 bars weren’t melted ‘for ease of handling.’ They were all refined for one reason: to meet London Good Delivery criteria and make Germany’s gold reserves wholly liquid.
- German Central Bank: Gold Is the Bedrock of Stability for the International Monetary System
Such conformity suggests an international agreement and an increased need to trade gold, otherwise gold of arbitrary fineness could be traded on the rare occasions that it was needed. Saying that gold is the bedrock is an obvious hint that gold will become the monetary base. That is, the monetary base will not be "backed" by gold. It WILL be gold. Poodleville only has 310.3 tons but a monetary base of over £550bn.
And not before time too. Consumption is over-taxing the planet's resources. With China (and soon India's) economy recovering, there simply isn't enough to go around. Isn't that the reason for the global-warming/climate change scam? Jerome Powell has just stated that Great Satan debt is increasing faster than GDP and that it is, by definition, unsustainable. This directly contradicts, Nobbled prize in Quackonomics winner, Paul Krugman, who claims the debt is merely owed to yourself (the Great Satan has about $12trn owed to other nations) and that the can should be kicked down the road.
Appearing on the Schwing-Schwing Show, Alisdair Macleod denies that gold will form the monetary base because it's too restrictive. Other gold bugs would point out that that's the WHOLE IDEA! Furthermore, Mark Carney has already stated that the IMF's SDR credit-note will continue to be used. As credit, it can be printed out of thin-air as and when needed.