China Buys North Korea Gold Reserves as South Korea Increased Gold By 16 Tons!!

The IMF reported that various countries continued diversifying into gold in July, some significantly. South Korean gold reserves rose a sharp 16 tonnes for a 30% increase in total gold reserves. Paraguay became the latest central bank to begin diversifying into gold. Their gold reserves rose sharply – from a few thousand ounces to over 8 tonnes. Here is a link to the article: The analysis and discussion provided by MoneyBags73 is for your education and entertainment purposes only, it is not recommended for trading purposes. I am not an investment adviser and information obtained here should not be taken for professional investment advice. The commentary on MoneyBags73′s videos reflect the opinions of MoneyBags73. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals.

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24 Responses to “China Buys North Korea Gold Reserves as South Korea Increased Gold By 16 Tons!!” Subscribe

  1. tysswe1 January 5, 2013 at 5:20 am #

    actually the federal reserve does not exist. its all gone, and none knows where it is.

  2. tysswe1 January 5, 2013 at 5:37 am #

    paper money was made as a check. if you had a 100$ bill, then it means that you own gold worth 100$, but its at the bank. but banks manipulated it to control the world economy. so now everyone thinks that paper money is worth something when its not.

  3. Lolmak3 January 5, 2013 at 6:18 am #

    How dare you took my country’s gold

  4. james francis January 5, 2013 at 7:04 am #

    North Korea is F’ed huh?

  5. MoneyBags73 January 5, 2013 at 7:40 am #

    Gold is the best form of money over thousands of years. Paper trash is not money, it is only currency. Gold costs more because it costs more paper trash to buy it. It really just maintains it’s value.

  6. ChaneyisBishop January 5, 2013 at 8:10 am #

    I used to think gold was worth something, but as a currency, but now we only use paper money so by proxy gold is not worth anything. The only true way is bartering.

  7. guidelineuk January 5, 2013 at 8:29 am #

    Spy moth lol

  8. Freeskill27 January 5, 2013 at 9:13 am #

    north korea get gold? ha?

  9. frgtmygld January 5, 2013 at 9:44 am #

    And yet gold lease rates are still going down. Currently under .5% for one year. I’d like to lease a ton or 2 and take a trip to…. someplace.
    One of these days the repatriation of nations gold reserves is going to make interesting headlines.

  10. NIGHTMAREuki January 5, 2013 at 10:04 am #

    is it owned by US govt or FED?

  11. Habeev07 January 5, 2013 at 11:00 am #

    Great video Moneybags73. I really hope we have it too. In my gut i believe we do. Not sure why i have this much faith in Fort Knox, but my birthday IS the Mayan doomsday date Dec 21, and I graduated HS in 007′. The names BOND…TREASURY BOND. keep stacking.

  12. Strabo I January 5, 2013 at 11:16 am #

    Countries are hoarding gold as the final step before they move away from the petrodollor. Good buy US paper money. Nice to have known you. The good part, if any, is that my tax dollors will no longer go to help pay lazy peoples rents and food. F**k all of you welfare worms. I CANNOT wait until it collapses, which looks like it will begin soon after US elections. Thank G*D!

  13. moviebuff407 January 5, 2013 at 11:46 am #

    Absolutely. Silver will be very practical. You’ll be getting ripped off trading for some gas or some groceries with gold coins. If someone wanted some of my food I might be tempted to get what they have. That gold watch isn’t going to help you when you’re hungry. You want that can of chilly, well, give it up.

  14. MoneyBags73 January 5, 2013 at 11:57 am #

    Not in very small quantities. Silver dimes will probably be the most desirable for bread and milk type purchases.

  15. moviebuff407 January 5, 2013 at 12:38 pm #

    I gave a comment outside the box you’re locked up in, so you’re having fun. Have a nice day.

  16. Sidney Boudro January 5, 2013 at 1:22 pm #

    Well I am volunteering to relieve you of some gold now put your problem of having to much gold on me. Just a few pounds would relieve you of that burden.

  17. moviebuff407 January 5, 2013 at 1:24 pm #

    Should society collapse, one pound of gold will be dead weight. Copy ?

  18. Sidney Boudro January 5, 2013 at 2:08 pm #

    I have a bag of dirt one pound.I would be quite satisfied to trade it for a pound of gold. If you want to trade more dirt for more gold by the pound let me know.

  19. IrradiateTheNWO January 5, 2013 at 2:44 pm #

    16 tons & what do u get, another day older & deeper in debt…

  20. TheAppreciative1 January 5, 2013 at 3:08 pm #

    i wonder w/ all these nations buying gold, could the u.s.a. be doing the same but not announcing it because the market (dow, nyse) would react different?!?!?!

  21. chuska8383 January 5, 2013 at 3:11 pm #

    Ermm…do you know how to pronounce the Falkland Islands? Or how to say the number eight in German?

  22. GlobalAnanda January 5, 2013 at 4:05 pm #

    Man give us a run down of the Countries that are the biggest gold or silver buyers, the dumpers of paper into hard core… If you think its a good idea :)

  23. ArgentPure January 5, 2013 at 4:47 pm #

    Don’t forget to add Harvey Dent to the stooges list!

  24. BPJ97526 January 5, 2013 at 5:09 pm #

    That might help, if I knew how to pronounce Auckland..

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