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by Koos Jansen, Gold Seek:
 More
 proof the “precious metals assets” on Chinese commercial bank balance 
sheets have little to do with the “surplus” gold in China’s domestic 
market.
 More
 proof the “precious metals assets” on Chinese commercial bank balance 
sheets have little to do with the “surplus” gold in China’s domestic 
market.
One of the topics about the Chinese gold market that has not been fully illuminated is the “gold” on the 16 Chinese commercial banks’ balance sheets. At the end of 2015 the aggregated “precious metals assets” on the bank balance sheets accounted for 598 billion yuan (RMB), which translates into approximately 2,682 tonnes of gold – if all the precious metals were gold related, which is very likely.
In my previous post on this subject we learned from examining the banks’ annual reports from 2015, that there are at least five gold assets that can appear in the “precious metals” line item on the balance sheets. Namely:
Gold savings that belong to the banks’ customers (Gold Accumulation Plans, GAP)
Gold inventory for the banks’ retail gold bar business
Gold leasing business
Gold held for hedging purposes
Gold held outside China
Read More
 More
 proof the “precious metals assets” on Chinese commercial bank balance 
sheets have little to do with the “surplus” gold in China’s domestic 
market.
 More
 proof the “precious metals assets” on Chinese commercial bank balance 
sheets have little to do with the “surplus” gold in China’s domestic 
market.One of the topics about the Chinese gold market that has not been fully illuminated is the “gold” on the 16 Chinese commercial banks’ balance sheets. At the end of 2015 the aggregated “precious metals assets” on the bank balance sheets accounted for 598 billion yuan (RMB), which translates into approximately 2,682 tonnes of gold – if all the precious metals were gold related, which is very likely.
In my previous post on this subject we learned from examining the banks’ annual reports from 2015, that there are at least five gold assets that can appear in the “precious metals” line item on the balance sheets. Namely:
Gold savings that belong to the banks’ customers (Gold Accumulation Plans, GAP)
Gold inventory for the banks’ retail gold bar business
Gold leasing business
Gold held for hedging purposes
Gold held outside China
Read More
from X22Report Spotlight:
by Don Quijones, Wolf Street:
 Making Retail Investors pay.
 Making Retail Investors pay.
Bank stocks have surged just about everywhere since Trump’s election, with one exception: Italy. In the last month only one large Italian bank has seen its shares rise, and that’s the 500-year old bank at the center of Italy’s banking crisis, Monte dei Paschi di Siena, whose nearly worthless shares jumped to €0.24.
All the Wrong Signals
Shares of Italy’s other large banks have suffered heavy losses. Over the past week alone, shares of Italy’s largest bank, Unicredit, plunged 15%, as did the shares of Banca Popular and UBI Banca. Shares of Italy’s second largest bank, Intesa Sanpaolo, fell just under 10%.
Read More
 Making Retail Investors pay.
 Making Retail Investors pay.Bank stocks have surged just about everywhere since Trump’s election, with one exception: Italy. In the last month only one large Italian bank has seen its shares rise, and that’s the 500-year old bank at the center of Italy’s banking crisis, Monte dei Paschi di Siena, whose nearly worthless shares jumped to €0.24.
All the Wrong Signals
Shares of Italy’s other large banks have suffered heavy losses. Over the past week alone, shares of Italy’s largest bank, Unicredit, plunged 15%, as did the shares of Banca Popular and UBI Banca. Shares of Italy’s second largest bank, Intesa Sanpaolo, fell just under 10%.
Read More
/

 When I created The Common Sense Show, in response to the Central 
American’s Free Trade Agreement’s intent to seize my property without 
compensation, along with 300 of my neighbors, I chose the name, The 
Common Sense Show, intentionally, to wage war against these thieving 
globalists. In choosing this name, I was honoring the values expressed 
by Thomas Paine as he wrote the most important non-governmental document
 in all of American History and it was entitled, Common Sense.
 When I created The Common Sense Show, in response to the Central 
American’s Free Trade Agreement’s intent to seize my property without 
compensation, along with 300 of my neighbors, I chose the name, The 
Common Sense Show, intentionally, to wage war against these thieving 
globalists. In choosing this name, I was honoring the values expressed 
by Thomas Paine as he wrote the most important non-governmental document
 in all of American History and it was entitled, Common Sense. Scarlett Fakhar was a reporter on KRIV-TV until a post on her private 
Facebook page went public. She has been accused of being racist for the 
pro Trump post.
 Scarlett Fakhar was a reporter on KRIV-TV until a post on her private 
Facebook page went public. She has been accused of being racist for the 
pro Trump post.  Barack Obama is about to become the 20 trillion dollar man. With less 
than two months to go in his second term, the U.S. national debt stands 
less than 150 billion dollars away from the 20 trillion dollar mark. And
 at the pace that the debt is increasing, it seems almost certain that 
we will cross 20 trillion dollars before Inauguration Day. After 
promising us that “deficits are under control”, the federal debt jumped 
by more than 1.3 trillion dollars last fiscal year, and so far this year
 it is on pace to rise by a record-shattering 2.4 trillion dollars.
 This is a recipe for national suicide, and yet it wasn’t even a major 
issue during the recently concluded presidential campaign.
 Barack Obama is about to become the 20 trillion dollar man. With less 
than two months to go in his second term, the U.S. national debt stands 
less than 150 billion dollars away from the 20 trillion dollar mark. And
 at the pace that the debt is increasing, it seems almost certain that 
we will cross 20 trillion dollars before Inauguration Day. After 
promising us that “deficits are under control”, the federal debt jumped 
by more than 1.3 trillion dollars last fiscal year, and so far this year
 it is on pace to rise by a record-shattering 2.4 trillion dollars.
 This is a recipe for national suicide, and yet it wasn’t even a major 
issue during the recently concluded presidential campaign. We are living in a world where paper fiat money is becoming a novelty.
 We are living in a world where paper fiat money is becoming a novelty.





 NOTE: This writer recommends reading Vanessa Beeley’s article, “
 NOTE: This writer recommends reading Vanessa Beeley’s article, “







 
 
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