The Official Chinese Gold Trade Rules By The PBOC

PBOC gold 3

Recently it appeared the ‘confusion’ regarding Chinese Commodity Financing Deals (CCFDs) that was provoked in 2013 has still not been elucidated in the international gold community. Mainstream gold analysts believe CCFDs are the cause for the immense discrepancy (± 2,500 tonnes) between physical gold supply in China and Chinese consumer gold demand, which is the same as the difference between Shanghai Gold Exchange (SGE) withdrawals from the vaults […]

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Posted by: Wornat1967

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