China preparing to collapse the American economy & US dollar with a gold backed Yuan?

Greetings,

 Note: Is China hedging her rise with gold against the collapse of the US dollar or the US government in trying to blackmail China, threatening to inflate the dollar ,thus crushing Chinese investments in the US? I believe that China is sucking in all of the gold that it can covertly as not to alarm nations into a  stampede out of the dollar causing it to lose some of it’s value in US treasuries.

Again, i do believe that this one angle. Another angle would be to position itself strongly in the aftermath of global economic collapse.They make push ahead with helping collapse the dollar to put a “Gold Backed Yuan” as the prime reserve currency of the world.

Think about all of the bilateral trade deals China has inked with other nations. Think over the currency swap deals she has inked. This all goes hand in hand to collapse the dollar. And on top of all of this, they have simultaneously built up their political and military forces to defend themselves against the anger of a teed off desperate former power.

So China is hiding her economic moves. This is the sign of a diligent nation preparing for something major in the coming year. The catalysts for it to go into play is America’s own hubris and arrogance.

China’s gold reserves may be greater than official figure

Gold accessories sold at a jewelry shop in Beijing, Aug. 12, 2013. (File photo/CNS)

Taking advantage of the slump in international gold prices, the People’s Bank of China may have purchased large amounts of gold in a bid to diversify its reserves, thereby lowering its share of US government bonds, inside sources say, according to Shanghai’s National Business Daily.

The People’s Bank of China released data recently that showed the nation’s official gold reserves stood at 1,054 tons as of the end of 2013.

Gold transactions at the Shanghai Gold Exchange has now hit 1,100 tons a quarter now and the monthly delivery volume of gold has risen to 212 tons from the respective amounts of 362 tons and 44 tons in January 2008, reported National Business News. The newspaper also added that the transaction volume has picked up rapidly since April 2013, when international gold prices began to plunge.

Alasdair Macleod, a columnist at goldmoney, an industry website, said gold demand in China doubled to 4,843 tons in 2013, which didn’t include gold purchased by the Chinese government for deposit overseas.

In an article publicized on his blog, industry analyst Koos Jansen said that based on gold withdrawal at Shanghai Gold Exchange, China’s gold reserves has been increasing at an annual clip of 1,761-1,746 tons in recent years, adding that the official amount of 1,054.1 tons for the nation’s gold reserves is a gross understatement. Jansen believed that China has become a major buyer on the global gold market, with its gold reserves having surpassed that of Russia. Jansen also said that China has imported 8,000-9,000 tons of gold since 1995, which, should they be put under the custody of the People’s Bank of China entirely, would have boosted the nation’s official gold reserves to a level on a par with that of the US.

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