October 6, 2014 at 2:03pm
The Shanghai Gold Exchange (SGE) is about to change the way the world trades gold.
Let’s have a quick look at the Numbers from the China Gold Market Report:
The following are distribution of physical metal through the Shanghai exchange in 2011:
456.66 tones – Jewelry manufacturing
53.22 tones – Industrial raw materials
21.55 tones – Gold coins
213.85 tones – Investment gold bars
13.52 tones – Other, unnamed industrial purposes
284.88 tones – Net
investment…Demand arising from the transfer process of gold as an investment tool
The Chinese community has looked upon gold with an almost reverent eye since the beginnings of recorded time and with its recent dominance in the manufacturing arena it brings about the creation of (SGE) The Shanghai Gold Exchange which has become just a natural progression of the fundamental demand for a Trading Exchange that is fully backed by physical metals.
The demand for gold will continue in China as not only the people of China are buying gold at a record pace but the China Securities Commission (CSRC) has quietly look upon gold as fundamental means to stabilize the economy.
Gold is the only currency that you can't "print" more of and with any down turn of global currencies valuations we will see a surge in demand as never before in the history of the true standard of wealth held worldwide.
Gold is the only global currency that transcends all governments with a purity of value that is recognized on any corner of the world and China with this bold stroke is about to take the lead.
The metals world is about to have a major shift over the next few years,
The Dragon is here to stay.
Thanks for the link, Exo.What I see is that the Shanghai Exchange is on holiday and will re-open on October 8 (Full Moon). Is that correct?
Given the time difference between Shanghai and the US EDT is 24hrs that is Tuesday for those of us on this side of the International Date line. http://www.en.sge.com.cn/
RWare > EXOGEN:
chinese culture, 8 is the lucky number..
LVegas > EXOGEN:
The 8th if we are Lucky?
Guess: October 8th at the 8th hour will be a time of happiness, good fortune and blessings
RWare > EXOGEN:
october is the 8th month of the ancient hebrew calendar.. making wednesday 8/8..
R.V. / GCR > Aloha Leslie:
The Eigth day at the Eigth hour is this one your all correct
Happiness > G T:
They will probably be bringing the gold prices to their real value via the shanghai exchange. Which will hurt the BIG CABAL BANKS that have so much derivatives.
The threat of that will force the Cabal to relent and release the stronghold on O and let this RV go.
G T > Happiness:
That's EXACTLY China's Plan!!! IMO
Happiness > G T:
Yep and honestly I hope it happens.
That will put the final blow into the CABAL and China knows it.
IMO - they will do it eventually anyway they are just threatening to do it sooner to get RV released.
Cabal needs to die a slow tortureous death imo. But hit them with a HUGE BLOW to the head first so they can not do any more damage. ;-)
And the blood moon. That's always been my thought in the back of my mind
Yes, Carol, that has significance for many here. Perhaps this is all tied together historically. :))
Blood moon returns, and this time it's bigger
(CNN) -- Blood moon, Act II, opens soon in the heavens near you. And it will be bigger than Act I.
If you live in the western half of the United States, you'll have a front-row seat on a lunar eclipse that will turn the moon a burnt reddish orange for about an hour Wednesday, creating the second blood moon in relatively short succession.
The full eclipse will start at 6:25 a.m. ET, NASA says, and last until 7:24 a.m. ET.
October 6, 2014 at 2:58pm
Vinman ok'd my clues. LOL I am placing them up front for those who may not have seen.
Transition can’t be made over a rickety bridge. It’s just not safe.
"They" need to make a safe transition vs unstable one.
Can't put new wine into old wineskins. It just won't work. Why? it may burst or break.
Three currency exchange strategies for Iraqi, Dinar. It's Sneaking in! Rickety old bridges (skeletons) require stealth to cross over safely.
Chinese Dragon rising up in 48 hours or less to release their gold for trading.
October 8th at the 8th hour will be a time of happiness, good fortune and blessings
Happiness > Aloha Leslie:
Well if China has to step in - with their plan - that could be the best for us all around.
If implemented - the big banks with derivatives will fail BEFORE we put our money in the bank. So overall - a better plan for long term so none of our money gets used for the BAIL IN.
Marcia > Aloha Leslie:
So, October 8th at 8am in China? So that translates to October 7th at 5pm Pacific time? (8pm Eastern)?
Aloha Leslie > Marcia:
Not necessarily, Marcia. I was meaning it in the way of 8th hour, which can be symbolic of an unknown time.