re gold chronicle
hello 2mar$, today's report from poolside over iced coffee,
(1) am responding to your post Message 27590765 dated 2011 08 24 re <<Chavez formalizes nationalization of gold industry>>
and to reiterate my highly convicted suspicion verbalized here Message 28088659 dated 2012 04 17 <<let us see to whom the argentine govt eventually sells the confiscated ypf shares ... let us see who ends up with this coal resource>>
all apparently in context of china peaceful rise, but actually just tracking my watch and brief re china gold reform Message 25916530 over the decade
and having been triangulate-checked with well-placed cousins far away whose family is awaiting the eventual call of revolutionary duty
Message 23860433 <<two of my cousins (banker, security firm opeartor) have sent their wives (both doctors) to Miami, and a third cousin who had escaped to Columbia post the failed coup and now is back in country>> even as they carry on biz via freedom hong kong
Message 25956997 <<my venezuelan cousin and his partner just completed first visit to asia, china, hong kong, spent one month in hk attending trade shows and such, and established many purchasing leads for their distribution biz. they will return early next year to redomicile their trading biz (now in VENEZUELA, columbia and florida) to HK.>>
(2) as mentioned the other day Message 28423845 <<benchmarking and front-running Subject: Chinese Vie to Strike Gold Down Under - China Real Time Report - WSJ>>, that china appears to have either style-drifted, or deliberately phase-changed, or just enhancing gold accumulation, from de-regulating the domestic trading market, increasing domestic production, to OBP ("outright buy program") of global bullion, and now, perhaps, to aggregating global reserves in alignment w/ continuing peaceful rise
as china OBP is in concert with USA QE8 and Europe OMT, i figure i best enhance my OMG enthusiasm else be totally FCKED as the below ...
inexorable process sends many new ex-cash to inevitable ends of history
in response, we are trying our very best to front-run the hoards of hoarding comrades
but are finding the mineralization effort physically hard and the salvation path arduous.
(i) all direct flights at all suitable times by all classes to aussie gold coast from all gateway cities of greater china ex taiwan province, but including hong kong and macao and even tallying-in singapore, are choked full given mainland china golden week holidays oct 1st. we must either move up or delay our trip, or way-point via japan, bangkok, or wherever else. the economy in china must be just terrible that the airlines are unable to provide additional flights ;0)
(ii) perth mint is guessing that china official gold hoard is at 1,500 tons. i am guessing maybe so when announced, up from 1k tons when last announced, but am wondering about the unofficial piles in hong kong, off-books inventory in singapore, and trading stocks in london. we shall know when we know, in fullness of time.
(iii) am wondering about what my grandpa once said when looking at the future when on juncture of phase-change / way-point re-calibration, long ago, when another program was conceived and then played out time.com "The new and conquering Nationalist Government of South China continued last week the slow encirclement by its armies of the great international city of Shanghai.
The Nationalist Foreign Minister Eugene Chen, issued a proclamation: "A great and impressive fact must be grasped by all: the Chinese question now is not what Great Britain and other powers may wish to grant China to meet 'the legitimate aspirations of the Chinese'; but the question is what China may justly grant to Great Britain and the other powers."
As the Chinese Dragon thus breathed defiance to the world, the British Lion wavered almost ludicrously irresolute last week..."
as and when china encircles the international monetary system, and as and when it is reset #1 time for the current usd-centered regime, what is the ticket price for all nations at the head table for working out the next round of money system?
am guessing minimum 10k tons for the top three deciders, and 5k tons as cut-off for seating allocation.
am guessing china has no reason to stop at mere 10k tons.
what would happen as and when the big central banks starts to scale-in their ticketing, and if seating fully allocated, what happens to the goldless and gold-less?
(3) the latest
online.wsj.com
Venezuela, China Sign Gold-Mine Deal
Article Stock Quotes Comments (1)
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Associated PressCARACAS, Venezuela—Chinese and Venezuelan officials signed an agreement to jointly develop one of the world's largest gold mines.
The agreement on Las Cristinas gold mine was signed Friday by officials of the Venezuelan government and the state-run China International Trust & Investment Corp., or Citic Group.
President Hugo Chavez called the mine in southern Bolivar state, estimated to hold about 17 million ounces of gold, "one of the biggest reservoirs of gold that exists—not only in Venezuela, not only in Latin America, but in the world."
Officials didn't discuss financial details of the agreement but said it specifies engineering, construction and processing of both gold and copper. Mr. Chavez said officials also signed an agreement to produce a map of mineral deposits in the South American country.
Mr. Chavez, who announced the deals after a meeting with Chinese officials at the presidential palace, said they also agreed to deepen cooperation in Venezuela's oil industry.
Ties between the two countries have grown rapidly in recent years, and China has become Venezuela's biggest creditor—offering the Chavez government more than $36 billion in loans, which are being paid off largely with increasing oil shipments.
Last year, Toronto-based Crystallex International Corp. CRYFQ -2.86% said it sought international arbitration after Venezuela rescinded its contract to develop Las Cristinas mine. The company said it had appealed to a World Bank arbitration body, claiming it was due $3.8 billion in compensation.
(4) the time to train-up the fat jack in mineral sciences and develop his natural inclinations to explore by digging is fast closing
we must not be in a position where erita had jack in, parched and beyond grasping of salvation
cheers, tj
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