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Posted on 06/27/2025 3:43:02 PM PDT by delta7
The Shanghai Gold Exchange has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong.
The launch serves a number of purposes, from broadening the Shanghai bourse's international reach, to strengthening China's clout in commodity and currency markets and Hong Kong's status as a financial center.
Trading will be conducted in yuan and settled by cash or physical delivery, including to the new vault operated by Bank of China Ltd.'s Hong Kong unit, the SGE said in a statement.
The two contracts covering different purity levels will debut today. To attract traders, the exchange said it will waive fees at the vault through the end of the year. ...
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“ Those who hold the Gold, makes the rules”.
President Trump Easter Sunday 2026
Correction:
“ He who holds the Gold, makes the rules”.
Easter Sunday 2025
The must have really good insurance.
What the commies can give, the commies can take away.
Probably ‘Will’, not ‘Can’.
For a minute I thought you were talking about the West, stealing $300 billion of Russia’s Sovereign fund…..which by the way has had huge consequences.
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 On T+1, physicals or cash can be withdrawn.”…..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.
Honk Kong is owned, controlled and connected to China. Nice marketing scam…….
The article is not clear. Most of Hong Kong is on the mainland. There is the island.
Gold ownership was opened in China years back, the SGE was created for domestic trading, it was a huge success. Recently China opened trading internationally., expanding the exchange to globally, now outpacing Western markets.
Until now, very little Gold ( and Silver) ever left China. It still won’t leave with domestic trading, hence the move to global Gold trading, displacing Western price fixing through the Comex and LBMA. In other words, the West is losing it’s “ price setting” of PM’s.
Gold/ Silver pricing will now start moving to the China exchanges. Note: silver for example, trades on the SGE at $2-3 over the western exchanges, resulting in Arbitrage ( Silver being taken for delivery from the western markets, then shipped to China where it gets a few dollars more), draining the western supply.
That is good information. Thanks.
That is good information. Thanks.
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Watch carefully from here on out, western media reports little on China’s huge Gold holdings and increasing global trading…..thought by some to prepare for a 40 percent Yuan backing.
Once the “ East” firmly establishes its global Gold exchanges, they will effectively set the price….not the West….which is why we need an audit of US Gold holdings….I do believe the Emperor “ has no clothes”.
Thank you for the compliment. They are few and far between since I was sentvawaybelen Ven years after my ponzi scheme collapsed!
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