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A Never Ending Supply of Oil/Yuan/Gold Backed Contracts - Rory Hall (3/10/2017)

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October 3, 2017

Another article about the oil/yuan/gold contract with ZERO source links to the contract or providing the name/department of the Chinese official that is supposed to be making this announcement.

How can something change anything when there is zero substance? We published the contract and the futures contract that is on the Shanghai International Energy Exchange – click here – There is zero use of the word gold; there is zero information about gold being used in any form for this contract. How is that everyone outside of China knows about the contract but the Chinese are not discussing? Do you, yes you the person reading this, understand the implications of such a contract? If so, then you must understand the fact with a complete lack of any realistic support for this story that is a very serious issue.

I want this to be true as much as everyone else, as the impact on the gold market would be swift and very profound. Our world wold change, literally, overnight. Where is the contract and who is making this announcement?

According to the author of the original article we are simply to take his word at face-value and accept on faith this is happening. I like faith, in some aspects of my life, where my wallet is concerned I tend to want a little more substance. A couple of people have reached out to the author and several other people involved with the publication of the original article – not one of these people can provide any substance at all when it comes sources – only fantastical stories from a dream or some other form imagination.

The only thing that could possibly support this whole idea of an oil/yuan/gold backed contract is the string of gold news that has been hitting the mainstream media airwaves the past couple of months. From a purely speculative point-of-view I would like to ask – are the globalist sending us a message and telling the goldbugs to get physical while you can?

Since mid July, the mainstream media has been publishing a string of warnings and praise of physical gold. The sources for the stories have been ultra high-profile executives, including the Secretary of the Treasury.

For those that have been following the interviews I have been conducting over the past several weeks know that we have been keeping track of all the news items regarding physical gold. It all started with Terry Duffy, President of the CME Group stating on live TV that gold should currently be in $5-$6,000/ounce with all the geopolitical, economic and financial news. Then an article appeared on the front page of the WSJ interviewing Ronan Manly, John Embry and James Turk discussing the Federal Reserve, gold swaps and gold price suppression. This was followed by Secretary Treasurer, Mnuchin visiting Ft Knox and stating “gold is safe”. About a week later Goldman Sachs announced physical gold was the “true hedge of last resort”. Then Jeff Christian stated that if a person had held 27-30% physical gold in their portfolio between 1968 and 2016 their portfolio would have performed “significantly better” than a portfolio without physical gold.

The physical gold story then went international and Sputnik News reported on the “price suppression scheme” and ask who and why. And now, just within the past few days, the World Gold Council is asking if we have reached “peak gold”. Source

Is this the warning shot that if you plan on having physical gold now is the time and today is the day? The globalist psychopaths love to send out their game plan and since the Western world is severely underweight in their individual gold holdings this could be our last warning to begin loading up with both hands.

Here is the link if you care to read the latest incarnation of the oil/yuan/gold story – Another Potential Game Changer for Gold Supply: Chinese Oil Imports Convertible to Gold by Jeff Clark – GoldSilver

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Comments

Peter Diekmeyer
October 3, 2017 at 5:51 PM
Nice work Rory. I too have been following this story for some time. I initially picked up on it from Grant Williams' presentation at the Mines and Money show in late 2016: https://www.youtube.com/watch?v=GEwuGHFF7qE Grant sourced much of his information from Luke Gromen at Forest for the Trees. http://fftt-llc.com/index.php/about-luke-gromen The Nikkei Asian Review piece which you are referring to (https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-with-oil-benchmark-backed-by-gold?page=1) seems mostly to have cobbled together the earlier work by Grant and Luke. I have only been following that story with one eye. But at some point I'll reach out to my China contacts and will let you know if I find anything.
Rory
October 4, 2017 at 2:36 PM
Thanks, Peter, for the updated info - even though it's older info it is very helpful to have more pieces of the puzzle. My latest question is - why has gold not responded to the upside on what should be some of the gold centric news in decades? Gold moving to the down side makes no sense. Louis Cammarosano and Koos Jansen have both been after Luke Gromen on Twitter and he has nothing to offer either - no one can offer a solid piece of info to support this story. Believe me - I want it to be true, however, I want ALL to be true and not just the pieces that others HOPE to be true.