Calling Hong Kong off shore would be like calling the Kodiak Island Gold Reserve off shore. It's just like Fort Knox, but with hungry bears guarding it.
The Shanghai Gold Exchange is also to open two more offshore Gold exchanges up, Singapore and Malaysia I believe. Keep in mind they have already overtaken the US Comex (paper) gold market. They are leading in physical Gold trading, NOT good for the West.
Also note, “ What you need to know about physical trading contracts
SGE’s physical trading is a full amount trading, the participants must have full amount of fund or physicals before placing orders.
After the settlement, SGE will credit the revenue to seller’s account, and the physicals to buyer’s account on T+0. On T+1, physicals or cash can be withdrawn.”…..
in other words, NO phony paper like the Comex, and they promise T+0 and T+1 delivery days. The western Comex and LBMA has recently taken up to T+8 WEEKS for delivery….they are being drained.
“ He who has the Gold ( China) makes the rules”
Also note the long list of members, JP Morgan to name one, it will blow your mind.
https://en.sge.com.cn/membership_ListofMembers_internationalboard
President Trump had better get busy and audit our Gold reserves, if not, we are barreling into a massive train wreck.