OTCQX:NTGSF - Post by User
Post by
Freezerburnon Jun 04, 2021 9:03am
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Post# 33328546
Why?
Why? - Why did China delegate to the Peoples bank of China a free run between 1983 and 2002 to acquire gold and silver on behalf of the state before permitting the people to buy any?
- Why did the state then run an advertising campaign on TV and elsewhere encouraging the population to buy gold?
- Why did the state invest heavily in gold mining to the extent that China has become the largest gold mining nation by a country mile?
- Why has the state retained a firm monopoly on all gold and silver refining?
- Why does the state retain strict control over the vaulting system for bullion?
- Why does the state retain control over the Shanghai Gold Exchange monopoly through the PBOC and not permit the establishment of rival exchanges?
- Why does the state permit the import of gold and gold dor but bans all gold exports? (Chinese refined bars are hardly ever seen outside China — the only permitted exception is limited supplies to Hong Kong, most of which is turned into jewellery for sales-tax-evading day-tripping mainlanders) And,
- Why has the state appeared to have set out to take control of the global market for physical bullion?