New Found Gold Corp V.NFG

China bans paper trading of PM's

[Global1966]

China has ordered all its commercial banks to clear their paper positions in PM'S by October 17. Wonder how that will impact the gold price?

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[BuccaneeerIlnd]

They say controlling braindead people is easier than thems with brains. Bucco

[tootall123]

Can you post the article please...Thanks  GOLD IS KING....

[Global1966]

https://twitter.com/oriental_ghost/status/1558403253049520129?t=DqSQ2h3FGaTNl43a2a3CcA&s=09

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[Global1966]

Actually 3 banks are named. They don't  work in isolation

[Global1966]

And they rank 1,2 and 10 biggest banks in China. Number 1 is the biggest multi national bank in the world.

[BuccaneeerIlnd]

Well you fellers will know in exactly 46 minutes. Nothing burger   Bucco

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[Global1966]

Perhaps China sees coming volatility in PM's and want to protect consumers like they did a few years ago. SWIFT is there for US and it's allies. BRICS is being developed for Russia China and their allies that constitute 70% of the global population. China is delisting their major corporations from the US markets. It's all happening slowly. The only thing that worries me is the US