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27/10/21
22:42
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Originally posted by 23skidoo:
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Yes Slange, the paper gold derivatives shorting game goes on and on. we understand it. they are not buying and selling the real thing. however, if industry insiders Andrew Maguire and Alasdair Macleod are right, the fraudsters in the London bullion banks will have their wings clipped by BIS Basel3 NSFR rules from January1, 2022. If there is no change, I doubt that China, which runs the world's largest gold metal exchange, will put up with London"s price distorting antics forever.
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Interim Provisions of Shanghai Gold Exchange on Irregular Trade Monitoring. Looks like they would knock on the head a lot of the unsavoury "trading" practices which London and Wall St engage in.Interim Provisions of Shanghai Gold Exchange on Irregular Trade Monitoring(2021).pdf