How and why China will flood the gold market
Number is even more striking for silver
Phi Beta Iota: Three points:
1. An audit of Fort Knox will probably disclose that USA has half its claimed holdings in gold.
2. China is leveraging the considerable buying power of its multi-billion population in a very clever manner.
3. China has 80% or more of all the other precious metals including those needed to create green energy, still in the ground–the rest of the world will pay dearly for them The USA has failed to do a current strategic resources survey and has no strategy for getting into the future in any semblance of peace and prosperity for all.
Below the Fold: Reference Links on Chinese Strategic Minerals
Beijing cornering strategic minerals
China to Establish Reserve System for Strategic Mineral Resources
China on buying spree for strategic mineral and energy assets
Feeding the Dragon: China's Quest for African Minerals
Minerals: Crumbling Bedrock of U.S. Security
Strategic Minerals: The Geopolitical Problems for the United States (Book, 1988)
