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Russia and China plan platform to unite their gold trading
Russia and China Seeking to Dominate Gold Trade
From Russia Today, Moscow
Tuesday, April 19, 2016
The Bank of Russia and the People's Bank of China want to create a joint platform that would unite gold trading by the world's two biggest gold buying countries.
"BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China the gold trade is conducted in Shanghai. In Russia it is in Moscow. Our idea is to create a link between the two cities to increase trade between the two markets," the first deputy governor of the Russian central bank, Sergey Shvetsov, told TASS. ...
... For the remainder of the report:
https://www.rt.com/business/340189-russia-china-gold-trading/
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