WHAT IS THE CHI-CAN GOLD FUND
Are you aware that bank runs are happening across the world, regular working folks have lost billions in the US, China and the EU
Financial reports show the worlds central banks are buying all the Gold they can get their hands on, China, Russia, India, and US being the largest buyers of Gold
Real estate developers like Evergrande and Country Garden have already defaulted on some loans, and still owe hundreds of billions of dollars.
What the central bankers are not telling you is things are bursting at the seams and those who have no gold will be left worth worthless paper money.
Financial reports show the worlds central banks are buying all the Gold they can get their hands on, China, Russia, India, and US being the largest buyers of Gold
Real estate developers like Evergrande and Country Garden have already defaulted on some loans, and still owe hundreds of billions of dollars.
What the central bankers are not telling you is things are bursting at the seams and those who have no gold will be left worth worthless paper money.
- The CHI-CAN fund is privately owned and managed by its shareholders
- All buyers into the CHI-CAN fund become shareholders of the fund ( 1 share per fund unit )
- Fund size - ( Maximum of 45 shares (units) of the fund )
- Unit price ( Minimum Investment ) is $ 500 000 CAD dollars = ( 1 unit = 1 share ) $ 1,500 000 = 3 units
- Investment MIX - 50% Gold Bullion - 50% High Yield instruments - Yields at present 4.90 - 5.50 %
- All bond products have a ( 1 year term ) accrued interest is paid at end of the term to unit holders
- Lock in period 1 year ( bond portion cannot be redeemed early ) Gold in 30 days if needed ( termination fees apply )
- All Gold Bullion products are stored at the Royal Canadian Mint - Bonds are with Large Canadian Banks & Government of Canada bonds
China is dumping U.S. Treasuries to buy Gold
China is selling off massive quantities of its U.S. assets, and has little choice but to reallocate the funds to gold, according to Market Analyst Vladimir Zernov, Zernov noted that U.S. Treasury data indicates that China is selling U.S. assets at a rapid pace. “Some observers believe that China tries to provide support to its currency,” he wrote. “However, China may be selling U.S. assets due to geopolitical tensions.
Central bank Gold buying remains hot in July 2023
Having reported a return to net buying in June, the latest data shows global central banks continued to add to their gold reserves in July. Central banks reported healthy net purchases of 55t during the month. The People’s Bank of China (PBOC) was once again the largest buyer, adding 23t during the month and cementing its place as the largest buyer year-to-date (126t). Since it began regularly reporting gold buying in November, the PBOC has bought a net 188t, lifting its total gold reserves to 2,136t (4% of total reserves).
China is selling off massive quantities of its U.S. assets, and has little choice but to reallocate the funds to gold, according to Market Analyst Vladimir Zernov, Zernov noted that U.S. Treasury data indicates that China is selling U.S. assets at a rapid pace. “Some observers believe that China tries to provide support to its currency,” he wrote. “However, China may be selling U.S. assets due to geopolitical tensions.
Central bank Gold buying remains hot in July 2023
Having reported a return to net buying in June, the latest data shows global central banks continued to add to their gold reserves in July. Central banks reported healthy net purchases of 55t during the month. The People’s Bank of China (PBOC) was once again the largest buyer, adding 23t during the month and cementing its place as the largest buyer year-to-date (126t). Since it began regularly reporting gold buying in November, the PBOC has bought a net 188t, lifting its total gold reserves to 2,136t (4% of total reserves).
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