Hi,
I do know that China opened its Shanghai Exchange on the 19th of this month, and that the price fix is in Yuan and not US$.
However - I did not realise that it meant the Yuan is now gold-backed !
I still don't !
Read this article - Sirocco reports are not written by fools (imo)
Continued Financial Market Deterioration Impacts Gold Eagle Sales In A Big Way
by: SRSrocco Report
April 24, 2016
dub