Is China's Central Bank Buying Gold on the Sly?

#dollar #forex #preciousmetals #trading
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[@Thiago2322-n6f]

Given the ongoing global economic challenges, it's crucial for everyone to diversify their income sources, especially those not dependent on government support. Now is an ideal time to explore investments in assets like gold, silver, and digital currencies such as Bitcoin, Ethereum, and XRP. Thanks to Loraine Souvenir for her outstanding proficiency and guidance in these fields.

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[@KhuramShahzad-ec4ks]

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[@Osvaldomalt3223]

It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure

[@efdofly]

Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary

[@vaplaya28]

The beauty of her approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

[@kevinpavlich4136]

"Government is the problem, not the solution" - 100%!

[@GlasbanGorm]

There is nobody names government, you are point the blame at a business, not the business owner.

[@davedismantled]

Then, by extension, voters are also the problem. Through them, government is brought into existence.

[@DutchLibertarian]

monarchs kings queens and presidents Are the root Issues Thay sold us out to the Zionist Central Bankster! decade's ago.

[@piotrczubryt1111]

Without government the private owners cannot prosper.

[@ChristelleSingler]

My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incorporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.

[@SamBideau]

Invest in real estate, ETFs and high-yield savings account.

[@benalistair4443]

Yes just buy Gold and protect your assets, the stock market is a rollercoaster.

[@liammason3137]

I wholeheartedly concur; I'm 60 years old, just retired, and have about $4,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

[@ChristelleSingler]

Impressive can you share more info?

[@liammason3137]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Nancy Magaret Delony for about five years now, and her performance has been consistently impressive. She is quite known in her field, look-her up.

[@14Unow]

China is also buying large quantities of silver directly from South American mines.

[@JohnReynolds-ni5lv]

And yet the price plummets.

[@bver1149]

​@@JohnReynolds-ni5lvno. Paper shorts are not metal❤

[@AnitaGaluba]

Clever

[@44251]

I saw that they are buying the ore before it is even processed.

[@4hartrich]

They will keep taking it off the market and eventually JO Morgan will run out and the price will skyrocket….

[@jeffee1933]

People ask me why I buy gold. I say for the same reason central banks are hoovering it up at record pace. Hint; it’s not because we like shiny jewelry. People ask when I will sell my gold. I say when dollars can no longer buy it.

[@JaySon-m4o]

“He who owns the gold has the power” BRICS will be the new monetary superpower .

[@jaytomlinson8493]

While china plays the long game, our western democratic states rip each other apart with nonsense. But, were still here and some of us are still fighting for our families.

[@cfwin1776]

Those are genocide states.

[@habyalexandru2265]

Get curency out of the Bank Buy gold and silver and food

[@peterbrunsgaard2012]

Good morning Mario, Rudy, and everyone! ☕️☀️

[@davidbradley9204]

As rivers and reservoirs overflow, Idaho tells 6,400 farmers that there is a water shortage and that they can't irrigate their crops.

[@cherubimcherubim9515]

Back in 2022, stockbroker and gold scholar Alasdair McLeod suggested that the People's Bank of China likely “has as much as 30,000 metric tons hidden in various accounts, but not declared as official reserves.” Gold commentator Ross Norman offered a more moderate estimate of around 19,000 metric tons.

[@OVERHERE-OVERHERE]

I’m looking to buy a couple more ounces of gold this week…

[@jeffee1933]

Are you implying China is lying?!?! How dare you! I’m pretty sure governments are not allowed to lie

[@pitstopman]

China keeps.buying and buying❤gold is father of papermoney❤

[@Sammyli99]

IRONIC, that China invented PAPER and PRINTING.

[@jamesbinderman5626]

If only we could buy on the sly as well😂😂😂

[@Jo007kin]

🎶 "meet the New Boss....same as the Old Boss" 🎶 The WHO. 1971 (Wont be Fooled again).....but always are 🤷

[@mountainpatriot7673]

Thanks Mario.

[@quocbao4243]

I was your First Like for the first time ever, Mario.

[@davewilson6018]

I just did business again with Miles Franklin/Elijah, and said you were my favorite channel and sponsor. Keep up the amazing work Mario!

[@bertiesworld]

All Governments are the same. Just different people playing the same tune. It's one reason I haven't voted in well over 12 years. No point.

[@StarfireReborn]

Are You Sure You Wouldn't Rather Be Emotionally And Spiritually Divided From Your Countrymen Over A Person You've Never Met? Because That's How Most People Prefer It These Days.

[@fredforsythe8310]

"A vote is not a valentine, you aren't confessing your love for the candidate. It's a chess move for the world you want to live in." I Don't vote for anyone. I Vote against the ones I don't want.

[@cleanhit777]

​@@fredforsythe8310a perfect illustration of why democracy is at best an illusion

[@richardwhite1120]

Government is the problem not the solution. Hear hear Mario well said.

[@AllodialTitle]

I hope that China buys all available Gold and Silver.

[@darrenbullman9450]

Why ??

[@RaymondLi604]

Ditto, why?

[@AllodialTitle]

@@darrenbullman9450 so that the West wakes up.

[@nigewoy]

@@darrenbullman9450 Probably because they will then set the real price and put an end to the historic western suppression.

[@darrenbullman9450]

@@AllodialTitle well I'm.all for that, however there's a far larger plan at play and as much as I like/resonate with BRICS, they are ultimately communist countries China & Russia. Imho I think it's CONtrolled and part of the NWO, they always finance both sides.

[@Discovery2024-rn8kn]

The issue isn't a China buying, but why is Britain selling

[@MrScaramoosh]

To enable and justify CBDC.

[@ronaldmiller3619]

Good point

[@cleanhit777]

I'd want to know whose gold is being sold? The BOE holds gold for other countries as well

[@JayKay-lw3ym]

​@@cleanhit777- A couple of days ago Argentina's gold disappeared. I believe it was sold to China. Please look up the headline 'The mystery of Argentina's gold'

[@piotrczubryt1111]

Because China is ruled by the Communists and Britain by capitalists.

[@kentuckycowboy7660]

❤❤❤ of course#Gold #silver #physical ☀️Good Morning Everyone ☕️

[@Quadman72]

Obrigado Mario e Rudolfo

[@liberos100]

Nice shirt Mario!

[@DavidG-qe7yn]

Thanks Mario 😎

[@richardchiriboga4424]

Strange that the west seems to ignore the gold buildup in the east.

[@glendawilliams5102]

Because the west is governed by criminals.

[@AR-ilire]

Yeah, I cannot seem to understand that either.

[@markkierznowski6121]

Because the West still believes Ukraine will take Russia so that 🇺🇸 can take China.

[@ddprepper5227]

Excellent report 👍👍👍👍👍👍👍

[@johnjeffries6207]

It's amazing that prices on gas and other goods went up,

[@QuaaludeCharlie]

Good morning Mario and Rudy , Happy Tuesday :) QC

[@DarrenSmith-tq2xz]

😂Thanks mareo for this great content once again God bless you

[@yalcinceylanoglu4482]

Thanks, Mario! ❤❤❤

[@cherubimcherubim9515]

The gross national debt is currently $35 trillion. This equates to: $104,497 per person $266,275 per household $483,889 per child The debt one year ago was $32.65 trillion, meaning that the debt has increased by $2.35 trillion over the past 12 months. By the end of the 4 years term of the next presidency US debts would have reach 45 trillions.

[@markkierznowski6121]

Yes but this is accounting using the Cash Basis not the Accrual Basis.

[@cherubimcherubim9515]

@@markkierznowski6121 what ever accounting use the debts is still 35++ trillions and climbing. United States government has a monthly interest rate of 3.28 percent on its debt, continuing an upward trend in interest rates that began at the beginning of 2022. In April 2024, U.S. debt reached 35.62 trillion U.S. dollars.

[@darrenbullman9450]

Bet they dont pay import duties on it , are they declaring it at customs ?

[@marcthesilvershark]

I am glad you are back to giving commodities at end. Could care less this fake paper against that fake paper😂

[@martinluke9470]

Good evening Mario.

[@jimtillapaugh5551]

Good morning Mario and Rudy🎉 I am glad to see Rudy on the couch today. Must be cooler weather.

[@patienceobongo]

Hello Alexandr Solzynitzen

[@dennisgonya4500]

I have learnt so much from you over the years and continue to buy silver for the long run. Need to find the data on how much silver is mined and understand when it could be a supply issue in years to come. Important to teach my wife what the future holds for people who have been stackers.

[@georgeyao436]

Also coincidentally the Microsoft update failure just happened right before the drop in gold prices. I saw the price of gold drop significantly that day when Microsoft announced its update failure before Cloudstrike CEO committed sepaku.

[@joanndiaz3425]

US not buying gold or silver 🤔 Good Morning Mario! 🪙

[@jeffreygoss8109]

To quote Churchill, “ you can always trust the Americans to do the right thing…..after they have exhausted all other options “

[@JustinTaylor1098]

Morning Mario and Rudy

[@robertkreamer7522]

I don’t think for an instant that China is buying gold in order to accumulate gold as any other central Bank might do . They have huge amounts of gold way more than any other country. They wanted for two reasons for their citizens to have gold and to deprive the rest of the world of any supply of gold. . So as much as they can reduce another country having gold, that is good from their perspective . He has the most goals, makes the most rules . The game is a foot with regard to countries racing to get the most gold in China is way ahead.

[@terryshead2339]

Spot on Mario on governments, if you were China and had there money, would you buying on the sly?

[@djcy2047]

Mario, I had The Royal Mint contact me via email, they have never done so before, and offer to provide a discount on many of their numismatic and bullion products. I thought this was strange, and impressed upon me that they may need the money.

[@georgewilder7423]

Probably a scam..😮😮😮

[@nigewoy]

Good Morning Mario. I look forward every morning to catching up with you and Rudy. Just a slight correction. It was Gordon Brown who introduced the Winter Fuel Allowance. Labour giveth, and Labour taketh away.

[@ccchu3954]

Gold cannot be printed and is undervalued by design. Swapping paper dollars for gold is a no brainer. Buying low and selling high is not being sly either.

[@cherubimcherubim9515]

Usa is already taxing american with taxes in the form of tariffs. Start buying gold when there's still fools around accepting the usd.

[@martinjanuario3053]

Great video. When you do the math, this 53 tons in May represents about 4 billion dollars. Is that really a massive number in terms of the PBOC’s holdings?

[@danielhutchinson6604]

Mario, I was involved in Stainless Steel purchase in the 1990's and again in 2007 for another few years. That Commodity became expensive as the metal sources for ingredients became scarce in Western Nations. I might have some pieces of that metal around to sell to the Car Collectors who need Stainless Steel pieces for cars trim. The effect of North Bay sources getting slim indicate the Food Production Industry will be seeking sources of Stainless Steel to enable food production to proceed using industrial methods? The production of Metal has a history of being a bit more precious in some places as it becomes abundant in others. The idea of value is determined by availability in any location. I assumed China was building a Railroad into Tibet many Years ago to provide them with Gold from that Mountain? The fact that all the members of BRICS Trade Group have been accumulating Gold for 20 years is no secret. The concept of Fiat Currency used in the Western Nations is as common as the Colonial Exploitation that created a lifestyle that appeared to be far above the economic holdings of Developing Nations who appear to have had their development delayed, by the exploitation of their resources. They were supposed to have access to the funding that the Colonial Empires had created before 1944 when John M Keynes was involved in promoting the concept of assisting them in their economic development. The ethics of continuing to exploit the Southern Hemisphere along with Guam and Japan, appears to be lacking in some moral Compass? The struggle to promote the accumulation of precious Metals is shrouded in principals of Greed that promote the thought of a pot of Gold that the Leprechauns offered? The Golden treasures under the Temple of Saladin, that inspired Crusaders to struggle to overcome Moslem Fortress locations in the Middle East appeared to be another feature of seeking Gold. George A Custer died because Gold was found in Lakota Regions that they called Paha Sapa, a place of religious significance that now appears to notice Bikers Nailing their Reproductive Organs to the dirt with Phillips Screwdrivers. I apologize for sounding moralistic or judgemental as folks are struggling to buy Golden Coins at the expense of their Children's ability to find a Bowl of Oats. But do we need to stop and consider the ethical implications of NATO sacrificing Human Lives in the effort to take Precious Metal supplies from Russians, just because Bullwinkle the Moose instructed us to go and take that Mineral? Shall we discuss the implications of the London Metal Exchange cancellation of an entire Days exchanges, in March of 2022? Is it time to take a perspective review of Capital, as a measure of Value? Thank you for your efforts?

[@piotrczubryt1111]

Railroads are natural monopolies, they should be under public control. Private owners are interested in profits and rents, not in long term investment.

[@BFUKLTD]

I wonder does gold and silver crash a bit when we get a 2008 style crash and is it a buying opportunity

[@kingkong-nk2cz]

Maybe, or it could become unattainable.

[@Thermopylae2007]

There was a significant dip during the 2008 crash but many dealers were hesitant to sell bullion that they purchased at higher prices, so premiums went up (around $200 USD over spot per oz at the time), so it took a while before buyers saw gains on their purchases.

[@OVERHERE-OVERHERE]

@@Thermopylae2007 There is risk in purchasing precious metals,but it’s a risk and willing to take … Our standard of living is falling,the world geopolitically is a mess…☮️

[@Thermopylae2007]

@OVERHERE-OVERHERE Agreed. It was probably tempting to hold off when seeing those premiums in 2008 but it eventually paid off even then. We're so much further down the path that a slightly higher premium won't mean much in the long run.

[@jeffreygoss8109]

In 2020 when silver crashed to around $14 dealers were still selling silver dollars for $21

[@songsabai3794]

Trudeau Liberals in Canada sold 40+ tonnes of gold to China in 2016...we now have zero gold reserves. Our "alternative reserves" are in stocks,bonds, "short term debt instruments" and $10billion in foreign currency, most likely USD. 😳

[@yu-jd5jg]

The Collective West Countries in general must relearn how to live within their means and mind their own business in the rest of the world in the Multipolar Multilateral World era

[@roadtested9009]

Subsidiarity is a principle of social organization that holds that social and political issues should be dealt with at the most immediate or local level that is consistent with their resolution.

[@richardchiriboga4424]

Well, I want the price to remain suppressed too!!!

[@Null-o7j]

The problem with gold is how will it work in a modern high speed economy? If you don't ask for delivery then it basically becones yet another fiat.

[@ericklabou2941]

Hi Mario. Could you please tell me where "they" buy all these "tons" of gold? If I had "tons" of gold why would I sell it now???

[@popsbubbles1242]

Western vaults or most likely miners, they have stakes in, I know a few years ago, they were buying into African gold mines. Now they are doing the same with silver miners in South America.

[@peterburke8650]

Let them buy at record prices.

[@georgedoolittle9015]

This is something I have started to follow actually as the reports are in fact China is selling gold reserves. "Where one stores the gold" matters in a huge way also as storing gold with World War 3 raging away now more than ever today/Venezuela harder to do that now more than ever so short term through to the election very much rating gold a strong sell.

[@paykh]

Why should PBOC announce their gold buying?

[@CarlosGonzales-wm8xx]

What's the difference between spot and melt?

[@des_smith7658]

Ones made of paper and the other one is metal

[@staspastukov5944]

If China stops buying gold, will the dollar rise against other currencies and this create inflation in the markets?

[@cherubimcherubim9515]

@@staspastukov5944 China will dispose the remaining of it usd reserves for gold when usa enters into recession.

[@KoDeMondo]

Wow Mario!!

[@cfwin1776]

I am choosing gold over any IOU. 😂

[@Bobby8270]

I remember hearing there was only enough gold in the whole world to fill an Olympic size swimming pool. I wonder how accurate that is. Do you know how many tons there are Mario?

[@videshx818]

new shirt everyday vdo, how do you manage ??

[@des_smith7658]

Probably returned most of them for a refund

[@ronaldmiller3619]

Has a good wife

[@k3nstyl]

The gold standard has failed due to lack of transparency. Nobody knows who owns what and if it is even real

[@Sammyli99]

My only question here is: WHY IS THE CITY OF LONDON (corporation) STILL ALOUD TO WASH GOLD ? and we wonder why we all feel like we are in a GRIFT_PUPPET_GAME?

[@garryallison4716]

Why is the uk selling gold?

[@Killik001]

Because they're broke

[@MrScaramoosh]

Just obeying orders.

[@jeffreygoss8109]

The UK sold all their gold under PM Gordon Brown for $250 an ounce. Explains why he was not hired by the private sector

[@4hartrich]

2.50 over spot for 90% is expensive find a LCD

[@chriseustace9734]

When cautious poker players are sitting on a good hand their eye lids close, so one might assume the Chinese are already ahead of the game with Gold ?

[@nik-to4sx]

Then, Why is UK selling gold. ?!?!?!?

[@jennyohara4011]

what is so sly about it?

[@claudiajay8291]

All of Southern China is under water … How could they be building anything?

[@Sh311Sh0ck3d]

Good morning Mario and family 👍

[@jimbeekman4863]

Jeff Sly

[@thelifeofdel9923]

Number 1😂

[@rumpelstiltskin9768]

so we should have bought in May and stayed away.

[@bigcarptackle]

Glad to see China is buying gold. Helps you gold bugs. Glad they’re not buying BTC so I can stack more at a lower price. 🍊💊

[@cfwin1776]

I wonder who the UK stole the gold from. 😂

[@phnx4life]

You can't eat gold or drink it....

[@Reutzel507]

You like making things up to be relevant

[@johnjeffries6207]

While gold and silver went down

[@lanab4103]

Nice shirt Mario

[@majorkaios]

Because this guy knows just how jingoistic the audience in this channel is, he is careful to make sure he can tell barefaced lies that are .... plausible to such an audience.

[@davidcoard1978]

The opposite in fact, he is a libertarian. As Nietszche said, ' The State is a monster that lies with every breath'.

[@phil488pista9]

Trump wants bitcoin......

[@Sander-bx9lh]

Thumb down again from me!

[@jardenc]

Robots have thumbs?

[@des_smith7658]

Aww man, what's the matter

[@yavor19121]

🪙 I will buy 1 oz for my son's birthday this month.

[@MrScaramoosh]

Buy Bitcoin instead, that's what they are worried about, they can't control BC, but they can control Gold.

[@ronaldmiller3619]

Gold or silver

[@yavor19121]

@@ronaldmiller3619 gold, he is 9, next January for my daughter another 1 oz. I am educating them to make smart decisions

[@yavor19121]

@@MrScaramoosh You buy Bitcoin. Buy more, sell your car, house, tv, motorcycle, truck and buy even more btc.