THE FINANCIAL WARNING YOU WERE NEVER SUPPOSED TO HEAR 23
China’s gold acquisition is not the result of a formal gold
standard, but is happening by stealth acquisitions on the mar-
ket. They’re using intelligence and military assets, covert op-
erations and market manipulation. But the result is the same.
Gold is flowing to China today, just as gold flowed to the U.S.
before Bretton Woods.■ The Anti-Dollar Alliance
China is not alone in its efforts to achieve creditor status and
to acquire gold. Russia has doubled its gold reserves in the past
five years and has little external debt. Iran has also imported
massive amounts of gold, mostly through Turkey and Dubai,
although no one knows the exact amount, because Iranian
gold imports are a state secret.
Other countries, including BRICS members Brazil, India
and South Africa, have joined Russia and China to build insti-
tutions that could replace the balance of payments lending ofPotential Chinese Gold Holdings1930 1940 1950 1960 1970 1980 1990 2000 20101700
1600
1500
1400
1300
1200
1100
1000
900
800
700
600
500
400
300
200
100
0
-1009500
9000
8500
8000
7500
7000
6500
6000
5500
5000
4500
4000
3500
3000
2500
2000
1500
1000
500
0Cumulative (Tonnes)Annual Production & Net Imports (Tonnes)Cumulative Gold Potentially Held in China — 8532T
Chinese Comestic Gold Production
Chinese Gold Net Imports From Hong Kong