China Builds Gold Vault Network to Promote the Yuan - SilverTrade
Source: SilverTrade
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DW NOTE
China built physical gold vaults to back yuan clearing, but the question isn't infrastructure — it's whether counterparties trust the metallurgy reports. Turkey built state gold facilities in 2017 and still trades at a 15% premium to London because no one believes the assay. Vault construction is the easy part.
World Bank sees a major risk in Zimbabwe’s currency plan - Townpress Newspaper
The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des
Gold Is Only Insurance If You Can Reach It! -Vince Lanci - SilverTrade
‘Synchronised build-up of physical, futures, and options exposure’ to drive gold price higher - Société Générale - KITCO