Koos Jansen: East Asia geared up for renminbi gold trading
8:40a ET Tuesday, August 19, 2014
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen reports today that offtake from the Shanghai Gold Exchange has been flat for four weeks. Meanwhile, Jansen writes, "China is developing its market infrastructure not only for physical gold trade but also to expand paper trading to steal pricing power from the dominant forces in the West and to promote the internationalization of the renminbi." His commentary is headlined "East Asia Geared up for RMB Gold Trading" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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