from Mining Net:

China Ends Retail PAPER GOLD & Opens the Floodgates for REAL PRICE DISCOVERY – Alasdair Macleod

Alasdair Macleod, economist and leading voice on sound money, returns to Mining Network to break down China’s rapidly accelerating gold strategy and what it means for Western paper markets, the dollar, and global monetary order. Earlier this month Hong Kong launched its new gold central clearing and settlement system. This week several major Chinese banks (including ICBC) will end retail paper gold trading on the Shanghai Gold Exchange. At the same time, Beijing is easing long-standing restrictions on gold exports between the mainland and Hong Kong. Macleod argues these moves are not isolated — they form part of a deliberate, decades-long plan to secure the yuan against the eventual failure of the Western fiat system.