Showing posts with label Gold-Backed. Show all posts
Showing posts with label Gold-Backed. Show all posts
Saturday, February 3, 2018
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Monday, April 13, 2015
Monday, June 10, 2013
China Approves Gold-Backed ETPs as Domestic Buyers Chase Bullion
This will go one of two ways:
1) these new Chinese ETP's will just be vehicles for more price manipulation of paper gold,
2) this is further evidence that the Chinese want to accumulate physical gold at lower prices, and eventually backing the yuan with gold.
I guess there's a third scenario: all of the above.
http://www.bloomberg.com/news/2013-06-10/china-approves-gold-backed-etps-as-domestic-buyers-chase-bullion.html
1) these new Chinese ETP's will just be vehicles for more price manipulation of paper gold,
2) this is further evidence that the Chinese want to accumulate physical gold at lower prices, and eventually backing the yuan with gold.
I guess there's a third scenario: all of the above.
http://www.bloomberg.com/news/2013-06-10/china-approves-gold-backed-etps-as-domestic-buyers-chase-bullion.html
Labels:
Approves,
bullion,
China,
Domestic Buyers,
ETP,
Gold-Backed
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