Hello KJC, Clarification on my <<paper gold>>; they are actual Internet accessible blips of electron on the computer screen supported unit-for-unit by underlying physical bullion denominated in Chinese Asia trading units called "taels" which are about 1.2 x of a troy ounce.
The banks in Hong Kong allow bank accounts to be kept and denominated in gold, just as they would Yen, Euro, AUD, CHF, CAD, USD ... Thai Baht, Philippine peso, etc, because, after all, gold is money, one that rules over all cash:0)
Chugs, Jay |
