Loading ...Could this be the beginning of price discovery for Gold
China is setting up a Gold exchange in Hong Kong to allow the world to buy gold. No Paper contracts. The restrictions in buying paper Gold has already began. Margin rates of 140% for paper contracts within China.
This effectively stops paper Gold contracts.
Trump and Bessent may get ahead of this by re-valuating the US Gold reserves from the official price of $42/oz to xxxxx.
It’s set to begin July 24 in Hong Kong. Will Trump make an announcement on July 4 that will reset the value? It’s only speculation right now.
Can listen at 1.5x with clarity.
My strategy has been to purchase units of PHYS.TO which has traded at a discount of roughly 3.25% to the spot price and later convert it to physical Gold coins which are sometimes trading at a premium of 2.5%. Not exactly a wash but allows me to buy anytime. Buy the PHYS.TO low and convert it at any price when the Premium is within that range. There is the Capital Gain but it’s how I accumulate metal.