The Phaserl


*LINK FIXED*: China Paving “Silk Road” With Paper CALLED “Gold”?

[Ed. Note: The ‘Read More’ link has been fixed.]

by Jeff Nielson, Bullion Bulls:

Just when I think I have convinced myself that China is politically separate and distinct from the Western crime cabal (and thus a relative Good Guy), we see news items like this:

In its continuing efforts to develop its gold market and global influence, China is launching a new fund, which is expected to raise 100 billion yuan ($16 billion). Monday, state-run newspaper Shanghai Securities Journal quoted unnamed sources saying that the fund will be used to invest in mining projects, and in the creation of gold-backed exchange-traded funds.

What do we know about “exchange-traded funds” (i.e. bullion-ETF’s) in the West’s crime syndicate markets? Bullion-ETF = fraud. It doesn’t have to be the case, as we see/saw with Sprott and the CEF funds. But certainly, in the West, the vast majority of paper-called-gold is pure fraud, part of the reason why (as Jeffrey Christian told us) there’s 100 times as much paper-called-gold out there as there is actual gold.

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