I have long said that gold going into China is leaving the country almost as fast as it is coming in. This is not a one off situation. Just think how many more like Yongkun are out there. True, China is sitting on a hoard of gold but that hoard is not as large as many tout.
with publication names like "Dim Sum Daily" I had to click on the links, this story and other headlines are quite entertaining!
"Money for nothing" given a new meaning here....
This just means buy gold and hold it yourself and someone is going to have to buy $600 million in gold soon to make these people whole
Whole? You mean hole. There may be executions, but nobody getting a refund.
The headline “everyone loses everything”. “China to be world’s trading hub”
This is the stuff of cheap tat.
I have long said that gold going into China is leaving the country almost as fast as it is coming in. This is not a one off situation. Just think how many more like Yongkun are out there. True, China is sitting on a hoard of gold but that hoard is not as large as many tout.