GOLD and CHINA: A National Obsession
Gold: $ 1408.00 Silver: $ 15.31 Platinum: $ 817.00 Palladium: $ 1552.00
Dateline: Del Mar, CA: Thursday, June 27, 2019
FNB is a precious metals industry leader. Each weekday, we post information and financial facts (and opinions!) that relate directly to the financial markets and also that have direct impact upon the daily lives of investors.
In our last session, FNB looked closely at the surge in gold prices in the first six months of 2019. In this session, FNB takes a close look at the nation of China and the government’s obsession with gold.
CHINA and GOLD: A National Obsession:
There is growing speculation and concern over the nation of China’s obsession with gold. The nation of China is on a rampage. The Chinese government is amassing gold reserves at tonnages that have many investors and world leaders scratching their heads and wondering what is going on.
Consider some stone-cold-facts:
China’s central bank now holds over 1800 tons of gold bullion and gold reserves
Since the early 2000’s, the Chinese central bank has pursued an aggressive and ongoing policy of expansion of their monetary, physical gold reserves
The People’s Bank of China quietly continues to actively purchase gold reserves and gold bullion on a variety of global markets and have these assets transported to be held in the secure vaults of the central bank
The PLA (People’s Liberation Army) is said to be the state protector of all Chinese government gold and gold reserves
Source:
https://www.bullionstar.com/gold-university/central-bank-gold-policies-peoples-bank-china
The Practicality of the Chinese Government’s Obsession with Gold:
A great deal of mystery and intrigue surrounds the Chinese government’s gold obsession. In the next session, FNB will look at some of the practical, ‘real life’ applications work themselves out as the Chinese Government continues to aggressively pursue its unstated goal to dominate the gold bullion and gold reserve hemispheres.
FNB strongly urges all savvy and thoughtful investors to ramp up their physical gold coins, bars and bullion holdings. FNB invites all to visit our website:
www.firstnationalbullion.com
FNB invites all that live in or near our three physical locations in San Diego, Del Mar and Scottsdale to stop in and visit and meet one-on-one with our Team of precious metals experts.
FNB posits and strongly asserts that capitalism and the capacity to own, manage and profit from the collective of private properties and/or business initiatives is a driving force that America and its leaders simply must protect.
FNB remains diligent and unwavering in the call for common, average American people to seek out the Safe Havens of gold and silver coins, and gold and silver bullion.
FNB, a national precious metals industry leader and reputable gold and silver coin dealer urges investors, bond-holders, speculators and all who manage and/or oversee their family’s financial portfolio begin now migrating larger allocations into the historical safe harbors of: Gold and Silver.
Jon Cavuoto,
Founder and Owner,
First National Bullion
For direct consultation with a gold and silver expert contact FNB:
inquiry@fnbcoin.com
1-800-745-7979