Comments on: China’s Latest Buy http://dailyreckoning.com/chinas-latest-buy/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 18:49:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: tony bonn http://dailyreckoning.com/chinas-latest-buy/#comment-28263 tony bonn Tue, 22 Sep 2009 19:25:27 +0000 http://dailyreckoning.com/?p=18505#comment-28263 well i have answered my own question....the fed / treasury axis of evil told the imf to sell gold to suppress its price...apparently talk and threat won't do it this time around so there just may be a real sale... the gold cartel is probably under water in a big way on their gold shorts so the chinese talk of buying at a discount is supposed to depress gold prices to let them unwind their positions with minimal loss if not profit... the chinese may double cross and swallow the gold without permitting the price decline... and that boys and girls is my tale of tin for today....i think it is much closer to the truth than any other explanation.... why would the imf need to sell gold to raise money? it's a farce....they could borrow the money against gold collateral or ask the chinese to pony up the money to give them an opportunity for greater prestige and control in international political finance - something they would love dearly.... no my friends, this sale is all about price suppression.... well i have answered my own question….the fed / treasury axis of evil told the imf to sell gold to suppress its price…apparently talk and threat won’t do it this time around so there just may be a real sale…

the gold cartel is probably under water in a big way on their gold shorts so the chinese talk of buying at a discount is supposed to depress gold prices to let them unwind their positions with minimal loss if not profit…

the chinese may double cross and swallow the gold without permitting the price decline…

and that boys and girls is my tale of tin for today….i think it is much closer to the truth than any other explanation….

why would the imf need to sell gold to raise money? it’s a farce….they could borrow the money against gold collateral or ask the chinese to pony up the money to give them an opportunity for greater prestige and control in international political finance – something they would love dearly….

no my friends, this sale is all about price suppression….

]]> By: tony bonn http://dailyreckoning.com/chinas-latest-buy/#comment-28259 tony bonn Tue, 22 Sep 2009 18:37:37 +0000 http://dailyreckoning.com/?p=18505#comment-28259 this will have negligible impact on gold prices and china would be stupid not to take the whole enchilada....that paper crap they have in their vaults is growing moldy and who would want pleather when you can have the real thing? on the other hand i will not believe the sale will occur until i see it....the imf has been trotting out this nonsense for years and never acts... of course the real question is why now and for what reason....i don't believe any of the stated reasons...i think there is some elaborate need to rearrange gold reserves to prevent a comex default but can't put together the scenario.... and why sell at a discount? yes an open market dump might suppress prices for a while so why not grant it anyway? but that would be a transitory effect.... there is more to this story than meets the eye. this will have negligible impact on gold prices and china would be stupid not to take the whole enchilada….that paper crap they have in their vaults is growing moldy and who would want pleather when you can have the real thing?

on the other hand i will not believe the sale will occur until i see it….the imf has been trotting out this nonsense for years and never acts…

of course the real question is why now and for what reason….i don’t believe any of the stated reasons…i think there is some elaborate need to rearrange gold reserves to prevent a comex default but can’t put together the scenario….

and why sell at a discount? yes an open market dump might suppress prices for a while so why not grant it anyway? but that would be a transitory effect….

there is more to this story than meets the eye.

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