This article is a primer on the Chinese gold market, more specifically the Shanghai International Gold Exchange (SGEI). The SGEI facilitates “offshore” gold trading in renminbi and can play a crucial role in de-dollarization, as it allows countries to use renminbi as a trade currency that can be converted into gold without affecting China’s balance of payments. De-dollarization can be accomplished by using yuan to settle international trade and store surpluses in gold through the SGEI.
Thank you doing this work. Slowly but surely, the Chinese way, the west's bluff, on which the house of cards rest, will be called. Go is much deeper than poker...
Thank you doing this work. Slowly but surely, the Chinese way, the west's bluff, on which the house of cards rest, will be called. Go is much deeper than poker...