STORY OF YR PART II

STORY OF YR PART II

1 Chinese bank has over 300 million customers.

10% is over 30 million customers.

1% is over 3 million customers.

A 10 ounce investment by 3 million customers is 30 million ounces.

A ton has over 20 thousand ounces, we'll call it 30 thousand.

30 million ounces divided by 30 thousand ounces per ton is 1 thousand tons, the number the article referenced below used.

So a 10 ounce investment by 1% of the over 300 million customers is about 1 thousand tons.

There are only 160 thousand tons of known gold in the world.

So even rounding down, through this exchange China can easily buy 0.5% of all gold.

Article posted by facebook why buy gold? (and silver!), 7-7-2011:

Whistleblower Maguire - This Will Destroy Gold & Silver Shorts

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/6_Whistleblower_Maguire_-_This_Will_Destroy_Gold_%26_Silver_Shorts.html

Quote from article:

"Just look at the scale of this to get an idea of how massive this game-changer will be, The Agricultural Bank of China has over 320 million retail customers and 2.7 million corporate customers and has integrated its customer account information system with this platform.

By creating the first ever rolling spot contract, Chinese bank customers will for the first time have ease of access to 10 ounce gold contracts in Renminbi directly from their bank accounts and with the click of a mouse. To give a further idea of scale, if just 1% of their customers bought a single 10 ounce contract, that would equate to 1,000 tons of physical gold being drawn down...."