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Rumor Mill News Reading Room, Current Archive

Reader Scuba sends better link about April 19 Yuan gold fix

Posted By: MrFusion
Date: Thursday, 14-Apr-2016 23:53:34
www.rumormill.news/44786

In Response To: Reader thinks I'm being too negative. (MrFusion)

Thanks to reader Scuba who sends the following link:

Rumors emerge that China will begin new gold price fix around April 19
http://www.thedailyeconomist.com/2016/02/got-karatbars-rumors-emerge-that-china.html

In that article is also another informative link:

China plans to launch yuan-denominated gold fix on April 19 sources
http://www.bulliondesk.com/gold-news/update-china-plans-to-launch-yuan-denominated-gold-fix

I think this means that China is opening a gold exchange where the prices will be denominated in yuan, not dollars. I don't think it means that they are setting a fixed price in yuan for gold, i.e., a gold-backed yuan, at least not yet. The article does say though that this appears to be a first step toward that goal.




RMN is an RA production.

Articles In This Thread

Ben Fulford's full report: "Federal Reserve Board and US dollar will be hit by financial Armageddon if Asian gold offer refused"
hobie -- Thursday, 14-Apr-2016 18:59:31
It Is Senseless to Offer Gold to the FED
Lion -- Thursday, 14-Apr-2016 20:17:04
Reader, link: 'CHINA SAYS "NO DOLLARS" FOR NEW YUAN'
hobie -- Thursday, 14-Apr-2016 20:41:46
My browser says that so-called superstation95 is an untrusted website. It is not an actual station
MrFusion -- Thursday, 14-Apr-2016 21:22:46
Reader thinks I'm being too negative.
MrFusion -- Thursday, 14-Apr-2016 22:48:52
Reader Scuba sends better link about April 19 Yuan gold fix
MrFusion -- Thursday, 14-Apr-2016 23:53:34
Reader: "All of this is total nonsense."
hobie -- Friday, 15-Apr-2016 15:19:33

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AN EXPLANATION OF THE FACTIONS