Author: macanese

“China Says ‘No Dollars’ For New Yuan” - April 2016 [Copy link] 中文

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Post time 2016-4-16 18:35:01 |Display all floors
Incedius420 Post time: 2016-4-15 21:52
Oww i get it,  you think that Chinese yuan gold fix is a new currency.

LOL,  what a group of fool ...

Not at all is it a New currency.
Your Bitcoins is.
Bitcoin has drawn the support of politicians, U.S. Senator Rand Paul, accepts donations in bitcoin.
Criminal activities are centered around black markets and theft, though officials in countries such as the United States also recognize that bitcoin can provide legitimate financial services.

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Post time 2016-4-17 21:00:20 |Display all floors

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Post time 2016-4-19 08:01:51 |Display all floors
http://chinawatchcanada.blogspot.com.br/2016/04/american-currency-ready-to-be-crushed.html

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Post time 2016-4-20 08:38:43 |Display all floors
China Launches Yuan-Denominated Gold Benchmark

Post by U.S.Reporter - Apr 19, 2016  
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China launched its yuan-denominated gold benchmark on Tuesday in Shanghai as it seeks to secure more sway in the pricing of the precious metal.

The Shanghai Gold Benchmark Price (code: SHAU), is the quote for trading of 1kg, 99.99 percent purity bullion, denominated in the Chinese yuan and derived from multiple rounds of trading.

The benchmark was set at 257.97 yuan per gram on Tuesday, the Shanghai Gold Exchange (SGE) said in a statement.

The benchmark also lays the foundation for shifting bullion trading in Shanghai from mostly spot to derivatives to increase the appeal of yuan-denominated bullion trading as financial instruments for both domestic and global investors.

SGE Chairman Jiao Jinpu said the launch of the benchmark offers the opportunity to develop bullion trading in China's financial markets and encourage more participation by global investors.

Standard Chartered Bank (China) Ltd. and ANZ Bank (China) Ltd. are among 12 fixing members for the benchmark trading. The other ten members are domestic banks.

The trading margin is set at 6 percent and transaction fees are exempted until June 30 this year.

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Post time 2016-4-20 12:27:10 |Display all floors
China yuan backed by gold.
US dollar backed by thread of annihilation.

China should continue to accumulate gold but don't forget h-bombs too.
The US and Europe loves to kill for gold.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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