Ethos Gold Corp (ECC)

[gharma]

imo all very much so, but partial
guesses: in return for not pressing too hard, too quickly on liquidation of sovereign debt instruments western debtor nations have agreed to intervene to hold gold price down until such time as China has "equitable" reserve, whatever level that might be; in meantime governmental intervention has been used, via the market stabilization authority, to have JPM and banksters manipulate a) to meet obligation to China, b) to buy time to unwind shortfall in unrecoverable leased sovereign gold reserves
guesses: west is not going to be caught with pants down when yuan gains gold backing, instead countering with commodity basket backed unit of international exchange but whether acceptance will be greater, whether doubts over derivative/futures dependence or acceptance/doubts over trustability of opaque Chinese yuan backing gains dominance is to be seen