Washington eyes forcing Beijing to buy more US debt

[zectech]

The world has not enough gold for China exchange reserve. Literally, China can buy every gram of gold on this planet. They won't sell.

Remember how I said on the forum about 1-2 years ago, that Washington was planning to default on Chinese held US treasuries, that was far-fetched then. Now there are news stories on this.

The slow move is to isolate China from Western banking. And any digital currency, if a war erupts, can be denied if there is a switch to bitDollars and bitEuros. trackable, taceable dollars. This is the end of paper money, and banking digital money replaced with blockchain. Washington wants to spy on every transaction you make.

Then the only wealth China can stack is metals, gemstones and other forms of king's treasure.

It would be foolish to do a one hit to buy gold in one lot, gold goes up, then gold would eventually go down due to supplies getting back. To use up every dollar to buy up every ounce of precious metal would drive prices up, waste China's money. China has to be a long time stacker of every metal, including precious metal. China foolishly dump tons of steel onto the market, they need steel to make carriers, ships, weapons, skyscrapers.

China is the top consumer of gold, make that true for every metal and keep stockpiling every metal, every hour, every day, every month, every year. Don't buy too much that would drive gold to 5K. Buy especially into every dip. And don't buy paper gold and silver. Buy physical contracts of delivery. And hide it as for jewelry purposes. There has to be some deal China made if China is world's factory, they would not mop up world's supply of gold and silver. trump is the violation of every deal China made, put China first.

The $5 TRILLION Paper Silver Scam

https://goldsurvivalguide.co.nz/5-trillion-paper-silver-scam/

Don't buy paper gold and silver, they could be worthless, and are used to suppress the price of physical gold and silver. Use the time China is given, in that paper invents fake gold and silver by many magnitude, to buy up gold and silver at cheap prices.

The invention of paper commodities and short selling, make commodities cheap, very cheap. China needs to exploit this and buy up physical metals cheap.

 

[zectech]

This Billionaire Has Put Half His Net Worth Into Gold ...
https://www.bloomberg.com/news/arti...ight-spot-for-billionaire-who-forecasts-crash

China and Chinese in China should have been stacking for the past 15 years or more. Better late than never. And stackers don't lose when gold and silver prices crash, these are buying opportunities. Gold and silver are 100% pure wealth. Paper money is for wiping your ***. Since idiots sell gold for worthless paper, stack gold and silver at low prices.

And not only gold and silver, more important is steel, iron, copper, aluminum and other metals. These are used by the economy. There needs to be years supply of iron/steel in China. What if there is a conflict with a blockade of metals and raw materials to China. Better to have a 10 years supply in China of every raw material.

 

[vi-va]

Remember how I said on the forum about 1-2 years ago, that Washington was planning to default on Chinese held US treasuries, that was far-fetched then. Now there are news stories on this.

The slow move is to isolate China from Western banking. And any digital currency, if a war erupts, can be denied if there is a switch to bitDollars and bitEuros. trackable, taceable dollars. This is the end of paper money, and banking digital money replaced with blockchain. Washington wants to spy on every transaction you make.

Then the only wealth China can stack is metals, gemstones and other forms of king's treasure.

It would be foolish to do a one hit to buy gold in one lot, gold goes up, then gold would eventually go down due to supplies getting back. To use up every dollar to buy up every ounce of precious metal would drive prices up, waste China's money. China has to be a long time stacker of every metal, including precious metal. China foolishly dump tons of steel onto the market, they need steel to make carriers, ships, weapons, skyscrapers.

China is the top consumer of gold, make that true for every metal and keep stockpiling every metal, every hour, every day, every month, every year. Don't buy too much that would drive gold to 5K. Buy especially into every dip. And don't buy paper gold and silver. Buy physical contracts of delivery. And hide it as for jewelry purposes. There has to be some deal China made if China is world's factory, they would not mop up world's supply of gold and silver. trump is the violation of every deal China made, put China first.

The $5 TRILLION Paper Silver Scam

https://goldsurvivalguide.co.nz/5-trillion-paper-silver-scam/

Don't buy paper gold and silver, they could be worthless, and are used to suppress the price of physical gold and silver. Use the time China is given, in that paper invents fake gold and silver by many magnitude, to buy up gold and silver at cheap prices.

The invention of paper commodities and short selling, make commodities cheap, very cheap. China needs to exploit this and buy up physical metals cheap.

There is no other investment market big enough to China exchange reserve. China has another approach, we will see.

 

[zectech]

There is no other investment market big enough to China exchange reserve. China has another approach, we will see.

The opium wars were fought over silver. Silver = money. Britain did not want to lose any silver to China, so they cheated China by substituting opium for silver. Paper and digital money are more worthless than opium and can crash any economy because they are built on paper thin confidence. Westerners are more than glad to stuff Chinese mouths full of worthless paper, than valuable opium.

The con of the last 70 years was fiat money 'is the same as silver and gold'.

Paper was substituted for precious metal.

The only thing that can disrupt the precious metal market is mining asteroids. And the mining costs should be higher than mining on earth, unless they do something daring like bring an asteroid to earth to mine.

More important to China than gold and silver are base metals used to make everything the economy and military needs.

When your currency is under attack, having gold and silver is a must. US, Italy, Germany, France, Russia have about 1 trillion USD in gold combined if my math is correct.

China's reserves can diversify into a wide range of metals. 10 billion USD over the next ten years for 10 different metals = 1T USD. To waste their money in one large purchase is folly. So yes, the reserves of China are more than the market of one metal at any given year. You don't simply buy one time copper huge purchase and are set for 40 years, you keep buying and buying. Over-buying to stockpile.

For China to be the manufacturing hub I am sure three deals were made:
(1) one child policy to please the zero population growth supporters
(2) buy up Western debt
(3) no stockpiling of precious metals

The treasury of China should have treasure, not paper.

 

[vi-va]

The opium wars were fought over silver. Silver = money. Britain did not want to lose any silver to China, so they cheated China by substituting opium for silver. Paper and digital money are more worthless than opium and can crash any economy because they are built on paper thin confidence. Westerners are more than glad to stuff Chinese mouths full of worthless paper, than valuable opium.

The con of the last 70 years was fiat money 'is the same as silver and gold'.

Paper was substituted for precious metal.

The only thing that can disrupt the precious metal market is mining asteroids. And the mining costs should be higher than mining on earth, unless they do something daring like bring an asteroid to earth to mine.

More important to China than gold and silver are base metals used to make everything the economy and military needs.

When your currency is under attack, having gold and silver is a must. US, Italy, Germany, France, Russia have about 1 trillion USD in gold if my math is correct.

China's reserves can diversify into a wide range of metals. 10 billion USD over the next ten years for 10 different metals = 1T USD. To waste their money in one large purchase is folly. So yes, the reserves of China are more than the market of one metal at any given year. You don't simply buy one time copper huge purchase and are set for 40 years, you keep buying and buying. Over-buying to stockpile.

For China to be the manufacturing hub I am sure three deals were made:
(1) one child policy to please the zero population growth supporters
(2) buy up Western debt
(3) no stockpiling of precious metals

The treasury of China should have treasure, not paper.

We still need ex reserve to stabilize currency. but you are right, it will be diversified. US bonds is not good investment at all. US keep printing money, pumping unlimited money into financial market.
The support of US dollars is US Force and oil. But economically it doesn't make sense anymore.

 

[zectech]

We still need ex reserve to stabilize currency. but you are right, it will be diversified. US bonds is not good investment at all. US keep printing money, pumping unlimited money into financial market.
The support of US dollars is US Force and oil. But economically it doesn't make sense anymore.

I am not saying China should bet against the dollar. US prints their way to hyperinflationary attacks to anybody attacking the dollar. Keep exchange reserves. Don't bet against other currencies. China is awash in foreign cash, buy up metals slowly tens of billions a year or more in a wide range of metals for national security.

 

[vi-va]

I am not saying China should bet against the dollar. US prints their way to hyperinflationary attacks to anybody attacking the dollar. Keep exchange reserves. Don't bet against other currencies. China is awash in foreign cash, buy up metals slowly tens of billions a year or more in a wide range of metals for national security.

more importantly, oil as well.

 

[Feng Leng]

I am not saying China should bet against the dollar. US prints their way to hyperinflationary attacks to anybody attacking the dollar. Keep exchange reserves. Don't bet against other currencies. China is awash in foreign cash, buy up metals slowly tens of billions a year or more in a wide range of metals for national security.

https://defence.pk/pdf/threads/gold...-now-within-striking-distance-of-2000.678863/

 

[zectech]

more importantly, oil as well.

yes, any raw materials that the economy uses. And I don't mean to demean paper. Paper is very important in everyday use of living like toilet paper, tissue paper, printer paper. Gold is much rarer and valuable.

China invented paper money back when paper was rarer.

If mining on asteroids happens, gold is going to be as common as paper. That is years in the future if ever decades or more.

Base metals, rare earths and oil is what any growing economy needs.

Precious metals defend your currency. They are wealth.