Chinese Gold Demand Expert Koos Jansen

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Koos Jansen is one of the world's most renowned experts on Chinese gold demand. He's honest and straightforward, which is certainly not something we are able to say about other global gold supply/demand experts, and this hour-long podcast is simply terrific. Please make the time to listen.

Here's just one example of what makes Koos great and why this interview is so worthwhile:

Do you know why silver prices in Shanghai seem to always be trading at a premium to London? Because the price quoted out of Shanghai includes a 17% VAT. Without the VAT, silver in Shanghai would be ay a discount to London! Where on earth have you ever heard that before? You see, that's what makes Koos so invaluable. He does his own independent research and he is beholden to no one so you're always going to get the straight skinny.

If you want the best information possible, be sure to follow Koos' work posted at https://www.bullionstar.com. In the meantime, do yourself a favor and listen to this entire podcast. It's wll worth your time.

TF

  51 Comments

Motley Fool
Oct 11, 2014 - 11:43am

Hmm

Koos does good work.

achmachat
Oct 11, 2014 - 11:44am

thank you so much Turd

treasure trove of information.

Oct 11, 2014 - 11:52am

And here is Koos' latest

https://www.bullionstar.com/article/sge%20chairman%20xu%20luode%20chines...

So, the question is...Do you believe Koos AND THE HEAD OF THE SGE or do you believe the BS World Gold Council?

RationalMind
Oct 11, 2014 - 11:56am

Another option to lakes

Just came across this article on how gold can be dissolved and re-constituted.

https://www.npr.org/blogs/krulwich/2011/10/03/140815154/dissolve-my-nobe...

DeaconBenjamin
Oct 11, 2014 - 12:58pm

‘Putin has destroyed a myth’ [Trade prevents war]

The European Union is in the midst of a crisis of confidence, Russia is overly aggressive and the United States has its most isolationist president in decades. In this context, are countries like Romania and Bulgaria in danger of a [communist] restoration?

Ivan Krastev: The real threat is dysfunction. Most of the regimes [in countries such as Romania and Bulgaria] are based on their populations’ activities, not on the economy. They would not have the capacity to fulfil the expectations of people aspiring to a better life.

This is the difference between the regime of [Russian president] Vladimir Putin and the populist regimes of Eastern Europe. That of Putin is based on natural resources. Putin does not depend on his people. Only one fifth of Russia’s active population produces anything. This is not the case with Bulgaria, Hungary or Romania. These countries have to do more to encourage trade, to attract foreign investors.

We are not witnessing a restoration [of communism]. I believe that, as long as Germany and other countries remain politically stable, the European Union can work against this sort of populist leadership.

Are you afraid of Putin?

IK: We should all be afraid of Putin, but I do not think Putin has territorial ambitions. He has other problems. He depends on an economy that he cannot control, because it fluctuates with petrol prices. He fears fragmentation within Russia. He also believes Russian elites are too dependent on the West, which holds their bank accounts and educates their progeny. As a consequence, he decided to nationalise the elites, which has led him into confrontation with the West and to close the country. And with our help, he is succeeding.

Germany seems to have greatly changed its policy towards Russia.

IK: If Russia has lost something important in this crisis, it is Germany. Because of its political manipulations and lies, Russia has lost the German political elite and the sympathy of German public opinion. A German official told me that what horrified him the most was the fact that Putin lied to him in person. [In this context] a responsible foreign policy is impossible. I have been told that [German chancellor] Angela Merkel called Putin and told him, “We have photographs of your tanks 80 kilometres over the border in Ukraine. What do you have to say?” To which Putin replied, “I am surprised. But we are so corrupt that these tanks were probably sold by someone within our own ranks.” This sort of approach is unacceptable.

But the larger problem is that Putin has destroyed a myth: the one that says economic interdependence prevents war. We have witnessed that if one partner chooses to provoke, not only does interdependence fail to prevent war, but it also slows down any reaction. Regardless of the extent of the interdependence.

I was not prepared for Putin to declare that he did not want to live by the economy alone, but also enter into history. My greatest fear would be for Putin to convince other nations that economic independence is the sole solution. If that comes to be, the populist tendency will be reinforced.

https://www.voxeurop.eu/en/content/article/4831002-putin-has-destroyed-myth

DeaconBenjamin
Oct 11, 2014 - 1:03pm

Second leaker in US intelligence, says Glenn Greenwald

The investigative journalist Glenn Greenwald has found a second leaker inside the US intelligence agencies, according to a new documentary about Edward Snowden that premiered in New York on Friday night.

Towards the end of filmmaker Laura Poitras’s portrait of Snowden – titled Citizenfour, the label he used when he first contacted her – Greenwald is seen telling Snowden about a second source.

Snowden, at a meeting with Greenwald in Moscow, expresses surprise at the level of information apparently coming from this new source. Greenwald, fearing he will be overheard, writes the details on scraps of paper.

https://www.theguardian.com/us-news/2014/oct/11/second-leaker-in-us-inte...

tyberious
Oct 11, 2014 - 1:20pm

Many people have sent me the

Many people have sent me the following article related to a huge meeting next week with the heads of the US and UK financial regulators. The meeting has to do with the ability to wind down large "Too Big to Fail" banks. Here's one of the articles:

U.S. and UK to test big bank collapse in joint model run

https://www.reuters.com/article/2014/10/10/banks-regulations-collapse-idUSL2N0S52LK20141010

"Treasury Secretary Jack Lew and the UK's Chancellor of the Exchequer, George Osborne, on Monday will run a joint exercise simulating how they would prop up a large bank with operations in both countries that has landed in trouble."

"Also taking part are Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation."

END

On the face of it it doesn't seem like such a big deal but how many times have we heard of "exercises" and "simulations" being scheduled and run the very same day as an actual false flag event happens??

Many times!!

Pre-Planned 911 Exercises

https://en.wikipedia.org/wiki/United_States_government_operations_and_exercises_on_September_11,_2001

Pre-Planned Boston Bombing Bomb Drill

https://www.sott.net/article/260912-Coincidence-Bomb-sniffing-dogs-and-spotters-on-the-roofs-were-at-start-finish-lines-for-drill-at-Boston-Marathon-bombing

Pre-Planned London Tube Drill

https://www.globalresearch.ca/7-7-mock-terror-drill-what-relationship-to-the-real-time-terror-attacks/821

...and there are many more. Turns out that planning drills during life altering events is more the rule than the exception!

So be AWAKE and AWARE next week as I don't think this meeting between the Wizards Pulling the Levers is just a simulation...

ALL THE PIECES ARE IN PLACE.

May the Road you choose be the Right Road.

Bix Weir

More info at www.RoadtoRoota.com

DeaconBenjamin
Oct 11, 2014 - 1:21pm
RationalMind
Oct 11, 2014 - 1:32pm

Some points about gold holdings as % of GDP

The crucial issue is what definition of GDP we wish to use, to determine the appropriate holdings of gold that China is aiming for. Should it be nominal GDP which the USG has tweaked to include intangibles and increased nominal GDP by 3% ($500B)? https://www.zerohedge.com/news/2013-04-21/us-gdp-will-be-revised-higher-...

Or should it be based on purchasing power, which in that case makes China a bigger economy than USA. https://rt.com/business/194264-china-surpass-us-gdp/

Since Turdville believes that holding precious metals is to preserve purchasing power, then we have to accept that China will want to amass a gold holding that is as big, if not bigger than USA's by the time of the reset (or SDR re-coomposition)! This would also be true to how the Chinese operate.

p/s. We have not even factored in that the US GDP is mostly consumption and services/intangibles, which can collapse by many % in a great depression #2. China's brick and mortar GDP will still be standing, and be exporting to nations that can pay in real money, not devalued USD.

RationalMind
Oct 11, 2014 - 1:51pm

Turkey's hybrid gold accounts

A different point of view about the goodness of this monetization of gold, where the depositor receives interest in gold grams for his/her gold deposits.

With above, doesn't the gold depositor then become an un-secured creditor to the bank, and is thus exposed to 'bail-in'?

And isn't this an attempt by the banking circles to bring in physical gold from the lay people?

Clearly, for the bank to be able to pay interest on such gold accounts (and to buy gold to pay in gold grams), clearly means the back end has to run on some form of pool allocated basis. Won't the costs of setting this up outweigh any increased profits from freeing up fiat for normal lending?

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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