Koos Jansen reports another set of numbers indicating that the unprecedented demand for Gold from China continues well into 2014 and even gathering pace. We can see China's state-level military plan to accumulate Gold in action. Withdrawals from the Shanghai Gold Exchange Vaults account for 418 mt of Gold year to date. China alone is taking out annualised Gold world-wide production now!
Peter Schiff's question about China buying more Gold companies could be answered very soon if the rumours about CITIC being involved in talks with Barrick Gold about Pascua Lama will be confirmed. This huge mine is located on the border of Argentina and Chile, it is in the very advance development stage and China will be just the right partner for Barrick over there.
China has mastered "The Art Of War" to the perfection in its long-term strategic plans to secure the critical materials and metals. China's control of the crucial REE market for the high end technological applications is well known already and its participation in establishing of the world class Lithium Industry and accumulation Lithium assets around the world deserves the attention of the market as well."
Rumour Mill: "CITIC Buying Into Pascua Lama" - Can Argentina Mining Really Make Its Come Back? TNR.v MUX ABX LCC.v
"Koos Jansen research provides more confirmation of the state-level military plan implemented by China in order to accumulate Gold under the radar screen of the market observers. Explosive situation around Ukraine will ignite further catalyst for De-Dollarisation and China and Russia maybe already much better prepared for it than a lot of Western policy makers really understand. The Financial War could have been already won long time ago. We are due for a lot of surprises in the Gold and Currency markets coming out in the next few weeks."
In Gold We Trust: