Shanghai Gold Exchange physical Gold premiums (vs the West) has dropped from around 6% to 1.5% This is while the Gold price at the West rose from around $1830 to $2000
Western Gold price rose to meet the price of actual physical Gold in China. China’s pricing of physical Gold is the real price of Gold.
Even though we might not see the actual paper trail, physical Gold is flowing from West to East at an accelerating rate every time the West slams the price of paper Gold.
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