Metals
No, China Did NOT Ban Paper Gold – BUT THIS is Coming
By The Phaser |
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from Apmex:
No, China Did NOT Ban Paper Gold – BUT THIS is Coming
Recent headlines have claimed that China banned “paper gold,” but the reality is more limited. China’s new rules restrict certain leveraged, bank-mediated paper gold and silver products for retail customers, while major institutional markets, futures trading, and gold ETFs remain in place. That means the global gold market has not suddenly shifted from paper contracts to purely physical price discovery, but the policy change still fits into China’s broader effort to tighten financial risk and strengthen its role in physical gold trading




