Tuesday, October 15, 2013

China to Report 5,000 tonnes of Gold Reserves Next Year

China will shock the world with an announcement that it has accumulated 5,000 tonnes of gold next April, according to Jim Rickards...

His prediction is that come April 2014, China will report gold reserves of 5,000 tonnes. This will send the price of gold spinning upwards, which is why the Chinese have done this secretly of course and in collusion with the bullion banks most probably.

He continues: ‘That should be an earthquake. Because even the gold deniers, the gold doubters, are going to have to sit up and take notice. Either the Chinese are dopes, which they’re not, or people will start to get gold, which I think they will.’

‘The world of $4,000 gold is the world of $400 oil, $100 silver, higher prices for copper, corn, wheat and everything else. In other words, it’s a world of very high inflation in which the value of your retirement funds and your annuities, etc., have been wiped out.

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