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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (137712)	12/31/2017 9:25:57 AM
From: TobagoJack	Respond to of 217544

re <<How can China create money out of thin air is not going to end well...>> ??? so simple ... and given i have been watch & briefing for so long, should be obvious why competitive devaluation gaming against china would be a mug's game can accuse me of many faults, but inconsistency would be a difficult charge, and i am not random i try best to be deliberated Message 27675006 Message 29283719 Message 29318725 Message 29336076 Message 29423379 Message 29443221 Message 30231862 Message 30241007 Message 30291430 Message 30387399 Message 30909608 Message 30991373 Message 30998854 Message 31015412 Message 31093490 Message 31243863 Message 31246672 Message 31264069 Message 31290663 Message 31323819 Message 31376068 Message 31376080 Message 31404642 Message 31409905 Message 31414304

To: elmatador who wrote (137712)	12/31/2017 9:30:07 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217544

re <<land reform>> Message 30231862 2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board - Msg: 30231862hello 2mar$, i have good news. i am following up to what i wrote you back in 2013 Message 29283719 re china land reform the reflexologist / chinese traditional doctor who treated me for many years and discussed true sweeping macro w/ me has just informed me of an ohwhoaweegeewhizbang development the foot massager has looked after me since 2003 and has over time, by way of his art-like health practice and faithful engagement w/ shenzhen real estate is a usd millionaire twice over; he had a few years ago mainly sent his younger sister to my abode to make sure i am well whereas he himself would grace my place perhaps once every 3-6 months. he was at my place yesterday and informed me on the followup to what he said perhaps two years ago re the china land reform whereby the rural population would be given transferable title to their land back in the villages and by and by would be able to transact the land at exchanges and thereby gave rise to money-collateral that would fuel the next phase of peaceful rise now, two years later, he and his siblings all have their deeds his portion is comprised of several mou (~800 square yards per mou) of farm land, the land his village house is on, and ~100 mou of mountain land w/ bamboo grove his village has several hundred folks each partaking in the divvying, all having several mou of farm land and varying area of mountain land the land is now transacting at RMB 30K per mou and the land is willing to lend against land at rate of RMB 25K per mou the program is being rolled out across the nation, and the one-time creation of money-good collateral should be good fuel for the next several decade, especially once multiplied by fractional banking system even if the reserve ratio should remain at cautious high of 15+ % let me see, if 200,000,000 parcels of RMB 2,000,000 are created out of thin air, and multiplied by 5X via magic of banking, the sum would be RMB 250,000,000 million, or … USD 250,000,000,000,000 or 250 trillion assuming my HP 12C did the math correctly should be good enough to enable a balanced self-contained continental economy and facilitate reach of 36% of global GDP, etc etc amazingly for such a momentous development, there is almost zil nil null when google-searched on. recommendation, engage with 0388.hk at first opportune moment when hkse / nyse collapses, for both shall fall and only one may again rise just perused the first paragraph of the below dated article, and i guess master wu broke the state secret law for sake of macro-discourse this follows well my april info from travel guide we engaged in hangzhou when she noted that now the city folks want to marry country folks in any case,. 100% maximum bullish, and readying to buy buy buy on the other side of global financial market hiccup when other governments must first seize than transact as opposed to comrade jinping whose structural / legal / operational framework is all readied for the next and greatest act oh, and yes, i figure some portion of the monetization would end up in physical gold blocks economist.com A world to turn upside down MORTGAGING a village home is a sensitive issue in China. A nervous local official has warned residents of Gumian, a small farming community set amid hills and paddies in Guangdong province, that they risk leaking state secrets if they talk to a foreign reporter about the new borrowing scheme that lets them make use of the value of their houses. They talk anyway; they are excited by what is going on. Urban land in China is owned by the state, and in the 1990s the state allowed a flourishing property market to develop in the cities. That went on to become a colossal engine of economic growth. But rural land, though no longer farmed collectively, as it was in Mao’s disastrous “people’s communes”, has stayed under collective ownership overseen by local party bosses. Farmers are not allowed to buy or sell the land they work or the homes they live in. That hobbles the rural economy, and the opportunities of the farmers who have migrated to the cities but live as second-class citizens there. Hence the importance of experiments like those in Gumian. Cautious and piecemeal, they have been going on for years. Some are ripe for scaling up. Handled correctly, such an expansion could become a centrepiece of Xi Jinping’s rule. On October 7th Mr Xi said the government was drawing up a “master plan” for not just more reform, but a “profound revolution”. Such talk is part of the preparations for a plenum of the Communist Party’s Central Committee which will begin on November 9th. It is the third such meeting since Mr Xi came to power; because the first two plenums of a party chief’s term are given over largely to housekeeping matters, including party and government appointments, third plenums are the ones to watch. And Mr Xi is marking this one out as particularly important. In private conversations with Western leaders he has been comparing the event to the third plenum that, in 1978, saw Deng Xiaoping’s emergence as China’s new strongman after the death of Mao two years earlier, and set the stage for the demise of the people’s communes. Indeed “profound revolution” is a deliberate echo of a phrase of Deng’s. Air cover for ground manoeuvres Mr Xi wants to be seen as a new strongman of similar calibre, one unafraid to take on big targets—as with his sweeping campaign against corruption—and willing to tear down the huge remaining barriers to China’s reincarnation as a market economy. How much of this is braggadocio remains to be seen. But there is some evidence that the semi-paralysed market for rural land—one of the biggest of those remaining barriers—is becoming a priority. In August a state-controlled newspaper said that experiments in the trading of rural construction-land were about to be launched around the country. The report, which was later played down by the party, caused quite a stir. Caixin, a Beijing magazine, said the excitement was a sign that the “pent-up force [of land reform] was waiting to explode”. Although it will surely be discussed, land reform will not be the focus of the plenum: officials have indicated that, unusually, the party meeting is going to cover the whole spectrum of reform-related issues, rather than dwell on a single area. But the details of what is discussed are not the key to understanding the plenum. What matters is unpicking the carefully crafted and coded pronouncements that ensue, designed—as Stephen Green of Standard Chartered, a British bank, puts it—to provide “air cover” for policies that will be unveiled later. After all, the 1978 plenum said that it was endorsing Mao’s communes; but the nods and winks of the leaders gathered there encouraged reforms to spread across the country anyway. The policies for which this plenum will provide cover are going to reflect the party’s belief that China needs to change the way it is developing. The growth model driven by investment which yielded so much in past decades offers diminishing returns; it needs to be replaced by one fuelled in large part by productivity improvements and consumer spending. This analysis will be used to support a series of economic measures, from liberalising interest rates to boosting innovation and loosening the grip of competition-stifling state-owned enterprises (SOEs) on vital areas of the economy (see article). It also underscores the urgency of creating a rural property market, a reform that will change not just rural life, but city life, too. On the face of it, all seems well enough with China’s urbanisation. In January last year the government announced that the urban population had reached 51% (up from less than 18% in 1978), exceeding the rural one for the first time. But this is misleading. About 270m (nearly 40%) of those included in the urban population are resident in urban areas, but still retain their official “household registration”, or hukou, in the countryside (see map). This shuts many people out of property markets; unable to sell in the country, they cannot buy in the city. It means they are not entitled to the full welfare benefits of urban hukou holders. In Beijing, and some other big cities, many are not allowed to buy houses or cars, supposedly to limit demand. Officials admit that there is something very wrong with this and say it is now time for a “new type of urbanisation”. Feeling the stones Dismantling hukou restrictions should allow farmers living in the city to trade in their rural property for a more secure foothold on the urban ladder. It could also provide a big chunk of the boost in consumption that Mr Xi and his colleagues want to engineer. Migrants from the countryside save far more of their income than do holders of urban hukou. They are thus a huge potential source of spending. But for this potential to be realised, they need a way to sell up in the countryside. Though now much criticised by Chinese economic reformers, Hu Jintao, Mr Xi’s predecessor, paved the way for some level of rural land reform. A plenum in 2008, also the third in a cycle, upheld the Maoist notion of collective ownership of rural land—but at the same time called for the “gradual” establishment of a “unified urban and rural market” for construction land, which includes land used for rural housing and factories. And the plenum declared that individual farmers’ rights to farmland, hitherto restrained by investment-inhibiting 30-year leases, could be extended indefinitely. Lawmakers have been arguing ever since over revisions to the all-important Land Administration Law that would put reforms into place. But bickering in the capital has not put a stop to tinkering in the provinces. The past five years have seen widespread experiments with rural land rights, such as the dabbling with mortgage loans in Gumian. Caution has been the watchword, even in Guangdong, a province that has been used for economic experimentation since Deng’s day. (Xi Zhongxun, Mr Xi’s father, was a senior official there in the crucial years after 1978.) The mortgages in Gumian, for example, are only available to pay for the construction of houses in the same village: no heading off to the city with a sackload of cash. Liu Hongzhi, who oversees the scheme, quotes a famous phrase often attributed to Deng, though in fact coined by a colleague: “We are crossing the river by feeling the stones.” Dozens of Gumian’s households have taken advantage of the loans to help them build five- or six-storey houses (pictured). The need for the buildings, and their scale, are due to the bullet-train track recently laid down straight through the village. Compensation from the railway for the land taken and housing demolished in the process paid for much of the building; the hope that a new station will make renting out rooms a nice little earner accounts for the size of the houses. At a communal feast which accompanied the completion of one the houses, villagers undeterred by the state-secrets-obsessed official explained that they had borrowed less than a tenth of their houses’ cost. But borrowing the extra bit made a lot of sense if it got them extra rooms, as the terms—a fixed interest rate of 6%, with repayment due in five years—were deemed easy. Mr Liu thinks it highly unlikely that anyone will default: “It’s impossible not to be able to return the money,” he says. This is probably just as well. What would be done if someone actually did default is still not entirely clear. Chongqing, a south-western region of some 30m people, began a similar scheme allowing farmers to mortgage their homes in 2010 when run by Bo Xilai, the party chief recently sentenced to life in prison for corruption and abuse of power. Since then the southern provinces of Guizhou and Yunnan have also launched similar experiments. Cui Zhiyuan of Tsinghua University, a former adviser to the Chongqing government, says the mortgage loans are small and farmers “extremely cautious” borrowers. The ideological resolve of party officials has yet to be tested by foreclosures. Remarkably, in a country that embraces so many other aspects of capitalism, ideology still matters in the countryside. The notion of collective ownership of rural land is enshrined in the constitution and officials are loth even to hint that it might be changed. Some of them see it as a badge of the “socialism with Chinese characteristics” that the party says it upholds. Local governments worry that clearer property rights for farmers would make it far more difficult to appropriate land for building infrastructure, factories and urban housing. Selling requisitioned land to developers is a critical source of local-government revenue, and land serves as collateral for local governments’ borrowing (another big headache for Mr Xi: their debt has been spiralling). Ideology aside, these governments resist any notion of changing a system that has done them so well. For all such concerns, though, the reforms launched by Mr Hu have persisted and spread. Chongqing and Chengdu, the capital of the neighbouring province of Sichuan, have been trailblazers. Soon after Mr Hu’s third plenum in 2008 they launched land-trading schemes that aimed to unlock the value of rural land and speed up urbanisation. These let developers bid for land certificates, or dipiao, created by the conversion of rural construction-land into farmland. They could then use the dipiao to build on an equivalent area of rural land in a place approved for urban development. The result, in theory, would be no net loss of farmland, and an opportunity for farmers in areas developers do not care for to cash in on the insatiable demand for urban land. Of the dipiao selling price, 85% goes to the farmers themselves: an unusual recognition, as Mr Cui points out, that farmers should share the development value of their land. Chinese media say the city of Guangzhou, in Guangdong, is planning to launch dipiao trading, too. In August the Chinese press reported that Guangdong had circulated draft regulations that would allow villagers in the province to buy houses from residents of other villages in the same township, and take over the rights to the land underneath. If the rules are adopted, China would have taken at least a baby step towards creating a market for rural housing. In the coastal province of Zhejiang, the city of Wenzhou (another hotbed of economic reform) has gone further. In October it set up a “Rural Property Rights Service Centre”, a clearing house that in theory allows urban residents to buy houses from villagers within the same county. In practice, say the Chinese media, potential buyers still worry that, without a revised Land Administration Law, such rule bending is too risky. In other places, though, plenty of people are taking risks. Near suburbs, many farmers build houses on their land that they sell to city dwellers who hope the law will never be enforced. By some estimates one in five homes used by Beijing urbanites is technically on village land, and in Shenzhen in Guangdong the proportion may be nearly half. It is a vast legal mess, although many farmers in peri-urban areas have benefited. And it does nothing for those leaving villages far from the cities, where half-ruined, derelict houses are becoming an increasingly common sight. This earth divided Mr Xi has yet to show signs of tackling the land law directly. But soon after taking over as party chief he took an important step towards easing further experiments and reform. A policy document on rural issues adopted in December 2012 and made public a month later said that by the end of 2017 farmers should be given certificates showing exactly where their fields lie, and that similar certificates for their housing land should be handed out “as soon as possible”. It is going to be a laborious task, with much squabbling and much recourse to satellite-aided surveying. But without demarcations, a well-ordered land market cannot take shape. And local media now frequently report the handing over of housing deeds to happy farmers who have never held such things before. Some of Gumian’s villagers, flush with railway cash, say that they wanted the deeds that came with the mortgages far more than they needed the money itself. That desire reflects one of the key attractions of land reform—and one of the reasons that Mr Xi may find it difficult. Providing farmers with deeds, and rights to dispose of them, will weaken the often tyrannical grip on their lives that control over land gives to grassroots party organisations. Those living in the countryside will begin to enjoy the relative freedom from party interference in their daily lives that city dwellers began to experience in the late 1990s, when the housing controlled by tens of thousands of SOEs was handed over to their occupants. “Farmers cannot be said to enjoy human rights unless they enjoy property rights,” says Sun Dawu, the founder of a large agribusiness in the northern province of Hebei. Political change is not something Mr Xi would necessarily wish to hasten, or to be seen hastening. In the build-up to the plenum he has been covering his reformist economic tracks by paying startlingly anachronistic homage to Mao and mounting an unusually harsh crackdown on dissent and wayward online discourse. Officials have been made to watch a documentary about the collapse of the Soviet Union as a warning against Gorbachev-like fantasies. If he thinks an urgent need for the economic benefits of land outweighs the concerns about the empowerment of peasants at the expense of apparatchiks, he may still be cautious about being quite that explicit. But he does not necessarily need to be any clearer, as long as the message is understood. Around the time that the 1978 plenum was talking of its support for people’s communes, a group of impoverished farmers in Anhui province secretly decided to divide up their village farmland into privately managed plots. Eventually, in 1981, the party gave its explicit blessing to the “household responsibility system”, as it called this once sacrilegious approach to farming. By then nearly half of villages were practising it. The following year work officially began on dismantling the communes. Far-reaching reform had ensued from the plenum, but from the bottom up. The same could happen again. Proper Maoists or property magnates?

To: elmatador who wrote (137712)	12/31/2017 9:50:58 AM
From: TobagoJack	Respond to of 217544

elmat, i follow china land reform as i do china gold reform starting w/ premise and onward to evidence, and track efficacy china is one of the very few domains w/ a game plan, and has been executing and now that peace is assured in so far as china territory is concerned, all focus is on "reform, growth, and stability", that which has worked okay for 30 years. to randomly observe, take an occasional snap shot, is probably not the way. i made a pledge to be kinder and gentler, so shall stop anything that can be misinterpreted as sarcasm and simply watch & brief should you find my w & b not helpful, i am sorry cheers, jay Message 25916530 2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board - Msg: 25916530more complete answer on china gold reform Message 15617885 april 5th 2001 GOLD is an opportunity when CHINA (and the moves are definitely starting) liberalizes its GOLD market (I got the first whiff of a GOLD mine privatization deal to work on) and allows its citizens to own GOLD in its pure MONETARY form (as opposed to expensive jewelry), the 200-year pent up fever will unleash a wild domestic GOLD party, supplemented by offshore smuggling. CHINA always goes to excess, whether in TV production, or orange growing. Message 15619598 April 5th 2001 They do trust their economic prospects, and thus all the domestic investment and home purchasing, but do not trust any governments' promise to not debase the currency, RMB or US$. Four thousand years of conditioning. They will not be able to help themselves when placed near deregulated MONETARY GOLD. That moment will be delicious, the panic will be inspiring, and world commodity markets will quake, marking the dawn of a new era. It will be the ultimate short squeeze. Message 15839776 may 22nd 2001 The simpler and previously truer explanation is that the Peoples Bank of CHINA (PBOC, central bank) had always been the only buyer of MONETARY GOLD in CHINA, by law. As CHINA is planning on deregulating the GOLD industry, continuing banking reforms, and PBOC will be a seller of MONETARY GOLD to the general population from reserve in a few years time, it is not surprising that PBOC continues to stockpile more GOLD than required for official reserve when the getting is still good, and make a whopper of a gain later, partly to fund banking reform, partly to fund bonuses for a past monopoly job well done. The complicated and newer reason may be well related to the US. I think Bush rhetoric, E3, and the earlier embassy bombing, has managed to energized the PRC hawkish camp at high enough levels to push through their agenda of military preparedness based on the argument “why take a chance? And besides, it is good for the economy”. This is a difficult argument to counter for the non-hawkish camp of leadership. And so, more missiles will get built at 1/3 to ¼ the generally accepted world cost, with 1980s rocketry and avionic technologies, supplemented by the occasional internet enabled nuggets of data. What the CHINA hawkish camp in Beijing sees is that the US may make war necessary, however, the timing of the war is at China’s choice. Once both sides are prepared, strategy will allow a bloodless victory. What the CHINA non-hawkish camp sees is that the development of China’s domestic continental sized economy will allow CHINA to achieve all that Japan has achieved, be a great power, without over-dependence on export and without mania derived from export earned liquidity, and able to ignore the US on most issues. Message 16765678 december 8th 2001 Freedom of GOLD trading in CHINA, having had a satisfactory virtual trading (soft opening) period over the past month in Shanghai, will officially open in early 2002 (should be 1st of Jan, or at least within 1st Qtr). USD will get competition. Message 17516752 may 25th 2002 Yes, but more importantly there are no MONETARY gold/silver available for sale; though I have seen folks in possession of old (pre-1949) MONETARY gold/silver tael (dumpling shaped ingot used to back Imperial and private paper money and bills of exchange). Peoples Bank of CHINA (PBOC - central bank) sets the price of GOLD for all wholesale transactions between mines and jewelry manufacturers. Experimental GOLD exchange already opened and operational, but only for wholesale. Retail MONETARY GOLD should open within 36 months, per WTO-driven impetus, and leading up to eventual Yuan convertibility. Silver trading on Silver Exchange is free, and for wholesale only (I believe), Silver price in CHINA is 10-12% over international price. I have not seen MONETARY silver on market. I believe the issue is 'ease of storage'. So, folks buy silver, GOLD and platinum jewelry. CHINA is now the leading importer of platinum, ahead of Japan, accounting for 1 mm of 3.5-4 mm of annual new extraction. Difference being a portion of Japan bound platinum is for trading purpose (bars, coins) and all of China's import gets turned into jewelry. The future is bright:0) Message 18371534 december 25th 2002 ... I think the Yuan will embrace the USD until both go to the bottom, because China's needs are too great at the moment ... so many power stations, dams, roads, harbours, airports, factories, cities, homes, shops, McDonald's, etc remain to be built, and thus so much printing to be done. I do not know whether both currencies will rise to the top again without resorting to GOLD backing, but suspect that we have not heard the last of MONETARY GOLD, because we are not that lucky to see the demise of a ancient MONETARY tradition. I do believe the Yuan will eventually trade at a premium (relative to the current 8.25 Yuan:USD) and 10-15 years is possible, 20 years more than likely, 25 years for 99.98% probability. More interestingly is the question whether, and if so, when the Chinese economy will overtake the US economy, first in PPP terms, and then in nominal terms. Message 18371716 december 25th 2002 (b) I received bad news from CHINA via mobile that it is not possible to obtain the MONETARY GOLD bars w/ Year of the Sheep stamping in Beijing - all sold out, and so I have asked friends to try in Shanghai. Message 18952021 may 17th 2003 Speaking of GOLD, we see nothing but good news that the world is vaguely aware of but not noticing as yet. Chinese retail investors will be able to trade GOLD bars, wafers, and bullion, along side that other most noble of metals, platinum. This, together with the soon to be New York and Sydney IPO-ed exchange traded physical GOLD that is jointly sponsored by the World GOLD Council and The Hong Kong and Shanghai Banking Corporation (“HSBC”), means the paper GOLD hoard I have accumulated will now gain much liquidity, a lot of visibility, many imitations, and almost 24 hours a day and six days per week trading, just like my precious Softbank once was. I think GOLD will do considerably better than Softbank, while on the way up, and that is the only side of the graph we should care about. Oh, yes, and the best of all, under establishment charter, the paper GOLD accumulated under the exchange-traded programs are backed physical ounce for paper ounce and are not to be leased to the other evil short-speculators. Can you imagine the squeeze that may be coming our way, augmented by some of the biggest momentum traders in the world, the Chinese, who are terrified of their government’s fiat printing, and are no more happy with Greensputin’s dictate publishing. Greensputin will be proven right, that GOLD will keep Central Bankers more honest than they are otherwise capable of or likely to. A popular newsletter published by CLSA, written by Christopher Wood, titled “Greed & Fear”, has a target of USD 3,400 per ounce for GOLD in this new bull market cycle. I do not know where these guys pull the numbers from, but I will start to lighten up starting at USD 2,xxx:0) The other popular newsletter, by Marc Faber, named “Gloom, Boom, Doom”, is also counting on GOLD as a savior, but does not give a target price, presumably because as GOLD becomes more precious and expensively priced, it becomes still more desired. Message 19591980 december 13 2003 Today, I tried to buy some GOLD in Beijing after finishing lunch in a mall (I had Mogolian Hotpot for lunch). I asked the shop clerk at jewelry store in the same mall where I could buy some GOLD coins or bars, and she unhesitatingly referred me to a shop two blocks down in a pedestrian street in WangFuJin (one of many shopping districts), to a place in Dong An Market. I bought a 20, 30 and 50 gram bar of 99.99 GOLD, and the per gram cost is RMB 115, with (I am told) 31.15 grams to an ounce. I paid with my credit card which is strange, because in Hong Kong, MONETARY GOLD can only be paid for with cash or personal check or bank draft. The little but hefty bars were quite adorable, tightly wrapped in a thin layer of shrink wrap plastic film that still allows the coolness of the metal to seep through during fondling :0) I talked with the shop clerk and they tell me the MONETARY GOLD bars are quite popular, and they believe they will sell much more when a repurchase system is in place. There were bars as massive as 250 grams. There were 1/2 to 1/10 ounce Panda GOLD coins, but there were no 1 ounce coins ... all sold out (I think the mintage for 1 ounce coins is only around 30,000 per year, so far since 1983. Message 20802350 november 26th 2004 On any MONETARY GOLD bars in CHINA, the premium is 20% over the USD price of GOLD outside of CHINA, and so ... Message 22506224 june 2nd 2006 MONETARY GOLD in CHINA retail shops are still going for 20% above equivalent GOLD selling in HK retail in banks (spot + 1.5%) Message 22784243 september 5th 2006 CHINA retail market for MONETARY GOLD (bullion and bars) developing nicely ... soon selling back to shops & banks by individuals will be do-able, thus making more folks willing to buy and hoard i am hoping that the japanese economic recovery gains traction, so that they will eat more GOLD specks and flakes with sushi as in the good old days of USD 75,000 per square inch of land :0) a flake a day keeps the GOLD bears away :0) Message 22953168 october 28th 2006 ... yes, but perhaps not in the sense you mean. The CHINA banking officialdom actually has been working to deregulate the GOLD market over the past 5 years and aiming to popularize the private ownership of GOLD for all the good reasons. The road markers of GOLD reform had been: - legalized ownership of MONETARY GOLD (done) - expand private and public processing of MONETARY GOLD (bars, wafers, coins) (done) - legalize institutional trading of MONETARY GOLD (done) - open GOLD exchange (done) - institute sale of GOLD at retail level (done) - institute buy-back of GOLD at retail level (done) - IPO GOLD mining companies (done, and more on way) - Openly discuss upping the allocation of forex reserve towards GOLD (happening now) There is no excuse for not reading the writing on the wall! Message 23159812 january 6th 2007 The observable facts are: CHINA have been de-regulating the GOLD market, progressively, setting up exchanges, and successively allowing various classes of traders to participate -- so it must mean the officialdom see some sense to it CHINA does retail MONETARY GOLD (bars, bricks, wafers, coins) at the street level shops -- there must be end-hoarder demand (especially in view that up until recently (Jan 2006) the shops did not buy back gold CHINA does save a lot -- 40% of active income Chinese banks are fragile, though folks do have some faith in the system, counting on officialdom to make good on any losses via money printing Chinese do know the value of hard money and the fate of paper money Recommendation: accumulate GOLD, for it just got cheaper, and get ahead of the majority of future hoarders -- it is the natural trade of the century Message 23376653 march 16th 2007 and since CHINA does not export GOLD, the spirit of the decree will be to encourage the import of gold they are just getting ready for the eventual de-coupling to the USD, since there will be no point being linked to failure, and and they are preparing for the rise of the inevitable new world MONETARY regime, given that the existing one will fall apart think of it, argentina on a global scale - we will be fortunate to be able to have ring side seats to witness the teachings but first, zimbabwe on a global scale - we are luck to be blessed with the learnings Message 23418885 march 31st 2007 total mined GOLD since beginning of time, a long time ago, by my notes, source unkowable ("Power of Gold" by Peter Bernstein, I believe), is ... a cube with 20-metre (65ft) sides = 153,000 tonnes = 153,000 x 35,273 oz = 5.4 billion oz @ USD 650/oz = USD 3.5 trillion ... averages to be less than 1 oz of excess mineralized savings per soul which = a tiny fraction of the surplus funds that will be looking for salvation from the event singularity that ought to take place after the dark interregnum which we shall code name "MONETARY RESET". My comment to the foolish radio show guy is just this, "there are two and half trillion of ever worth-less fiat paper derived and massless electronic blibs on the computer screen of Greater CHINA and Japan CBs alone, and offsetting that is ONLY USD 54 trillion of unfunded US FEDERAL OBLIGATION, alone" So, plugging the trusty HP12C with 54 Trillion enter, 5.4 billion Oz divide, to monetize only the whole of US FED obligations today, right now, I get USD 10k per oz for the floor value of GOLD, the true and only money, in God We Trust. Footnotes: - an ounce of GOLD into a wire 50 metres in length - a tonne of GOLD could be stretched to the moon and back Message 23720905 july 21st 2007 Now, as energy is a bull market play, GOLD is a bear market act. Imagine the planet’s private and sovereign paper wealth that must find a secure hideout from what is more than likely to be a cataclysmic and biblical financial storm, and you would actually consider shorting black GOLD against true GOLD. GOLD is the very supply-limited financial parachute in a world where the MONETARY system is about to blow up. GOLD is so very inexpensive, still. I just held a phone conversation with my 34 months young toddler daughter, Erita the Coconut, who is now in London, checking out the museums and shops. She has just arrived from Italy, after two weeks play, for one more week of play. The holiday is so far reasonable, if only because I was light USD for so long. “Erita, dada miss you” “Dada, come to London” “Erita, dada is working” “No, dada; come play with Erita” “Coconut, you play with Aroonie and Lassamie, then come to dada” “Ok” I do not want to have to answer my daughter’s question one fateful day, “daddy, why did you not buy gold?”. I believe we are entering a period when cash is king, and GOLD is emperor. GOLD has no equal. That is a belief of mine, and the belief will be tested, and be validated, says I. Message 25615261 may 2nd 2009 additional point, one can simply state china inc's simple message by its announcement which under normal circumstances would not have been necessary, the message must be taken in context of the 15 years GOLD ownership/trading reform (starting from from illegalized private GOLD ownership to now, one can visit retail monetary GOLD shops beijing) and the message may well be, we are preparing for the inevitable end of global reserve currencies operated by the usa republic, japanese empire, and european mishmesh, and, as we invented (i) paper, (ii) ink, (iii) printing press, and (iv) use of paper money, and have seen to more dead money regimes then there are trees in a forest, we are taking precautions. when the bell tolls, we aim to have our middle class holding something, anything, other than usd. we have been systemically reforming the GOLD arena, and adding to GOLD hoard. we have been doing so in secret, and when necessary, doing so by way of the now largest national exploitation of GOLD on this planet, so there is no use for you out there to front run us. we are announcing our program now, and especially to the wastrels and agents of wastrels out there who needs paper money, such as greece, ireland, england, australia, and jpm and gs, because we want you to know that we are a buyer who can close enormous deals on short time; so stop mucking around with dribs of GOLD sales and drabs of GOLD loans. come to us, we will make a price, let us do business. about that 403 or 2500 tons of imf GOLD, and regarding the tens of thousands within eu, and even, folks, whatever there are available in fort knox, all not a problem, because just 6 months of our surplus and a bit of our existing reserve would take care of all. hand us our rightful GOLD with your trembling hands, and redemption shall be yours. we are doing copper, as all know. now we are telling you we want GOLD. silver smuggling into our domain is already big biz. platinum as well. we like minerals. we have paper. what you are doing is great, enabling our paper to buy your minerals. biblical times are coming, probably of the older edition, old testament, and so, before it is too late, let's talk biz. cheers, j