>no more paper gold speculation>paper gold is separated from real gold tradingChina just changed the rules of the game
LolPBoC is desperate.>Please chinks keep the value of our collateral that backs 1000% debt to GDP stableHilarious.
>>538541394Doesn't that mean US markets will get an influx of money from those speculators?
>>538541597That's the point. The PBoC needs gold at roughly over 10k dollar.
>>538541776idk i think it's going to be bad from china in the short/medium term since we're gonna get a lot of money from it. The people holding gold papers in the west are going to profit most
>>538542022They are also going to drive the global price the most, while chang has to buy bars at market price, including foreign paper speculation and bail out his communist ponzi after they bankrupted them with the real estate ponzi
>>538542022>going to be bad from china in the short/medium term If they're planning long term, it's irrelevant then.The point is to actually gather gold as a natural resource, not print out fiat currency on nothing.
>>538541597immediate impact would be more stable gold prices in chinese market and less price manipulation.China is slowly cutting off all the pedophile banking systems being able to affect chinese markets.
>>538543007how are they going to do that? those same people are their fucking customers. somalia doesnt buy their fucking ling longs.
>>538543073Chinese government prefers stability over speculation.They banned the overleveraged paper gold trading inside china because it actually affected the physical gold prices in china too.What it shows is that China is now much more serious about gold being a reserve "currency" than dollar.
>>538541531casino is closed retard
>>538541394Isn't paper gold just "trust me, bro" like paper paper?
>>538543698yes but you couldn't just bring your gay paper gold in china and make it real, China banned export of gold deades ago.These changes affect the domestic market mostly but it also send very strong signal about gold coming back as reserve commodity.
>>538543805Does this mean my silbur stakk is going to appreciate in value, or are the yellow people only affecting the yellow metal?
>>538541394>china bans trading <not gold>who was buying promissory notes and believing they owned the gold?
>>538543995silver is not considered a financial instrument by china.
>>538544024casino junkies
>>538544079Silver does have a special designation over there, can you tell us what it is?
>>538541394Oh vey that's anti semetic
>>538544144Unironically sickening
Hey I got the real thing already.
>>538541394>retailUnfortunately that's not where the problem lies
war with china in 3, 2, 1...
>>538541394>chinks get fucked on property ponzi>now they're getting fucked on gold ponziahahahahahaha I almost feel bad for the cunts at this point
>>538541394Niggers itt do not know how to fucking read. And the biggest niggest faggot OP get to face the wall for not posting link.That is all!https://financefeeds.com/china-bans-retail-paper-gold-trading-what-it-means-for-gold-prices-and-global-markets/
>>538541394they crashed their own gold AND silver market with fakes everywhere. just another china scam...>>538547007
>>538543584oh did they ban all the ghost cities too for "stability over speculation"?hows the goldbacked BRICS dollar, pal? good?
>>538544024all of china?>>538546709the truth that leftypol refused to understand.
So based! <brap!>An actual nuffin burger fun spoiler for a handful of midgets in a supposedly gommunist but actual globo paradise of slavery and lying. It’s actually less than the usual nuffin burgers from the axis of making things up. It’s like when fake crypto’s were regulated everywhere else, sungold and goldx and the fun bollocks that boomed & bust 4 times a day. It was spoilsports that ruined it. Its not worth mentioning and unless you trade more than i used to play cryptos, and if you arent an international millionaire corrupt politician heroin smuggler you don’t, you don’t care or know what this is and cannot possibly be effected in any way. Nor can anyone except a few dicklets. More bullshit posting fromTiny WangIgor The liarPooYou have to wonder why abyone would post it? >shilling with bullshit againIts not based, its not anything, its the closing of some private players roulette table some place you can’t go and can’t see into. Some manchu cccp billionaire will have lost his yacht last tursday abd shut it down in a little foot stamping tantrum.Its sad that i even have to comment on pretend posting. >>538543007And here it is.From the big book of lies.
>>538545166its literally just important industrial commodity, export is under strict control.
How will this huge deal <lol> get you any benzine anyway?And where are the putinboxs based putin is building for us to end woke gaming, like you promised to us long ago. Why am i still waiting? Its almost like you are total lying arseholes shilling for master. I’m starting to think that maybe i can’t trust you.
>>538541394The Shanghai Gold Exchange had been consistently 2% higher than the London Bullion Market since it opened like 15 years ago. That means they have been buying gold, and taking PHYSICAL DELIVERY since the day it opened.Many conspiracy theorists believe that when they can no longer receive real gold, they will destroy the PAPER gold market and revalue gold to $50,000 to $100,000 per troy ounce.>>538546485You laugh, but some jeet stole a load of Tungsten the other day worth over 3 million.
More to criticise in your dictatorships than any other countries. >russia>pingpong>poobrappyOnly ever go on the internet to sneak around sucking your dictators microcock. Unlike the rest of us who speak out about all kinds of shit.>shillsAnd russians are banned from the internet and especially this board by the kremling. You knock me fucking sick. The axis of turbocuck state shills. Ew.
>schizotranny bumpI'll take it
