my take, by gumph flowing about, is that
china wishes to further engage with:
- oil, gas, coal, uranium, copper, iron, chrome, gold, and rather surprisingly, diamond, particularly colored diamond
china realises that using state-owned enterprises scares a lot of counterparties and stakeholders
china is modulating its ways
to explicitly encourage the quicker and nimbler to engage with resource deals at earlier stages, at cheaper though riskier levels
to then pick and choose from progressively de-risked deals and pay higher paper money prices for surer bets that may be less resisted given earlier stakeholders attitudes for natural exit
and should such later deals meet resistance, no matter, just sign off-take agreements
so, to answer your question, gold is on the list, is encouraged, and is made available to the plebs, so as to save the plebs from fiat money inferno that would surely be
iow, getmuchmoregold |
