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Strategies & Market Trends : Quantum Economics.......2012 and Beyond
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From: threedrives5/12/2023 1:50:14 PM
   of 1311
 
There was significant news out of China Monday, as at 3 AM eastern time, they effectively made gold money again. Not just as an SOV, but as a Medium of Exchange MOE linking state-run savings accounts with Gold bullion accounts

The commercial banks in China created the ability for Renminbi savings accounts to be connected to gold accounts, so that Chinese citizens can now buy gold directly out of those savings accounts. All of this is similar to linking savings to checking at a bank.
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