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Hong Kong Launches Gold System That Could REPRICE Gold
derryb
Posts: 38,621 ✭✭✭✭✭
built to break the paper monopoly New York and London have milked for years.
We can only hope they do the same with silver.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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Wasnt the China gold exchange supposed to reprice gold?
Knowledge is the enemy of fear
Gold has been in the process of repricing now for about 4 years. China is an integral component in the process of making gold part of a new trade settlement system that doesn't include purchase of Western debt.
The IMF made gold a Tier One asset several years ago, and the only other Tier One asset is the US 10-year Treasury which is being sold off, causing rates to rise and the deficits to become more and more problematic.
Until the West decides to change its spending priorities, the effects of constantly increasing an unpayable debt will come back to bite us in the ass in a big way.
I knew it would happen.
it did. were you asleep?
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
How?
Knowledge is the enemy of fear
it gets repriced every 60 seconds. their exchange is now part of the formula that determines the next tick up or down
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
The formula?
Knowledge is the enemy of fear
you know, bid/ask
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
Seems as if they be pricing it lower. Been thru Kowloon a time or two, interesting place. Gift? RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Central Bank Wars: Fortress China Targets LBMA
Beijing moves to challenge London and New York's long-held grip on the market.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
https://www.bloomberg.com/news/articles/2026-06-25/chinese-banks-move-to-rein-in-retail-gold-trading-on-volatility
Im sure this helps with the "formula".
Knowledge is the enemy of fear
This really throws a wrench into the works if you operate a fiat system that uses paper derivatives to control the prices of commodities.
I knew it would happen.