gold, page-56

And another point, I think some are missing, is that this move is a further step in China's stated de-dollarisation of its trading. Today's move does one vital thing in China's plan. It negates the price control of Comex and London, because now the GP is tied to bullion, not paper contracts. Further, now the bullion price is established in Yuan, for trading purposes. The key thing here for BRICS nations trade, and China's new international banking institutions, is the new gold-yuan relationship in which gold will find fair value without interference.
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