Will China Clean Up the Criminal Gold Futures Markets?

At the start of this year, China launched the “Shanghai-Macao Gold Road Project”. As part of this project, the Bank of China helped foreign investors set up offshore accounts to invest in gold and also announced the launch of an initiative to address Portuguese speaking natives, as this was a transparent nod to bring Portuguese speaking Brazil of the geopolitical BRICS coalition into the fold of China’s international gold plan. The CCP plans to use Macao as a base to promote an internationally accepted Chinese gold pricing system and Chinese gold production capacity output in what they describe as Portguese Speaking Countries (PSC), but it’s not too difficult to read between the lines to understand that China’s inclusion of PSC in their plan refers to Brazil and not to Portugal, Mozambique, Equatorial Guinea,  or even to the minority Portuguese speaking population that lives in Macau.  As further proof of China’s huge plans for Macao and Hong Kong as integral to their future gold plan, China built the ambitious Hong Kong–Zhuhai–Macau Bridge (HZMB), a 55-kilometer bridge–tunnel system that consists of a series of three suspension bridges, including one that is the longest sea crossing in the world, an underwater tunnel, and the construction of four artificial islands to support the transportation infrastructure. The HZMB connects Hong Kong, Macau, and Zhuhai—three major cities vital to the Chinese economy. In fact, China’s more comprehensive plan is to link Hong Kong, Macau, and nine cities in southern Guangdong province into an integrated technology, business and finance hub by 2030. Once one understands the vital role Hong Kong plays in China’s economic future, it becomes much easier to take Western biased blinders off about the narrative sold about the Hong Kong protests by the Western media.

As I stated numerous times before, if the West seeds chaos in Hong Kong, they can disrupt the central role that CCP has planned for Hong Kong in its one belt one road (OBOR) initiative, so only the most ignorant or most naïve of naïve would fail to understand this angle and believe that the chaos being seeded in Hong Kong is purely about democracy when they are nations with far more tyranny in Africa, like Libya for example, where an open slave trade is ongoing, that Western nations are deafeningly silent about. Furthermore, though the Chinese government can be incredibly oppressive, again only the most naïve of the naïve would believe that the Chinese government was absurdly incompetent in its surveillance and oppression in allowing Wuhan lab employees to defect and a Chinese virologist to escape to America, but yet brutally efficient in its oppression of Hong Kong citizens during the protests.  If narratives have to wildly change to fit the narrative into a specific bias, then the narrative is never true.

Other developments of which Westerners may not be aware, only because gold industry developments in Asia rarely receive the type of coverage in the West that it receives in the East, include the steady growth in daily gold trading volume on the Shanghai Futures Exchange (SHFE) for the past eight years. Back on 5 July 2013, the Chinese State granted access to night trading hours from 9PM to 2:30AM Shanghai time on the SHFE, specifically to address the concern of traders not possessing the ability to manage risk during trading hours in London and New York. That access to trading gold futures during day time hours in the West in Shanghai led to a steady growth in daily gold trading volume. Shortly after this development, in 2013, it was reported that daily trading volume ramped up significantly higher in gold to 595,642 lots, with a lot representing 1kg of gold and in silver to 2.23 million lots of silver, with a lot representing 15kg. However, back then contracts were double counted versus being single counted now, meaning that the lots had to be cut in half to determine the true trading volume…..More Here

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