Loading ...What has happened is The US made a deal with China as a prelude to them joining in as a Main Currency dealer ..The deal was the US would keep Gold prices low (paper shorts)until China bought enough CHEAP gold to meet the 5 % ?of GDP requirements so they all would have the same % of their GDP in Gold as a basis to launch World controls on currency trading partners .What happened was China took advantage of the Cheap Gold and bought 5 times as much gold needed ,but only gave the Currency board the 5% ?it needed to meet the requirements .So they made an announcement two weeks ago that China stopped buying Gold.Which was true as far as the Agreement terms were ,but China stored 5 times that amount in other Chinese agencys that were not required to have any Gold……Therefore the US was snookered by them into subsidizing cheap gold for far longer than needed..at the expence of Gold bugs…Just another example of how US Politicians sold out their own citizens gold buyers.. Just to get China as a member and their co-operation .Then US shorted their Stock markets and drove them back two years from being a competator as a World Reserve currency .So the FED engineered this deal to protect their Reserve currency statis at the expense of Gold buyers. The Fed caused these Gold problems and NOW have no reason to hold Gold down as they got what they want ….They will keep the Dollar Reserve statis for a while longer..
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