Shanghai Gold Exchange Transactions

The Shanghai Gold Exchange is a bit different from most because they deal in the exchange of actual physical metal for paper, rather than mostly paper for paper.

The Shanghai Gold Exchange is a bit different from most because they deal in the exchange of actual physical metal for paper, rather than mostly paper for paper, in a mad game of Liar's Poker played over a highly leveraged and apparently diminished base of physical assets.

Gold is flowing from West to East.

(Click on image to enlarge)

(Click on image to enlarge)

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