On July 24, China is going to try to change that false paper demand into real physical demand for precious metals. China is going to stop all paper contracts for the metals. Is China wanting the price of gold and silver to go higher? Mr. Gold says, “Basically, yes. . .. China made an announcement, and I think there are four or five banks that have contacted customers to tell them the ispaper market is basically going to cease to exist in China on July 24. What they are trying to do is change the Chinese market into a 100% physical market. . .. China wants the paper markets of the West to basically close. They want real physical cash and carry pricing. . .. The reset that is coming is power is going to shift from West to East. Power is going to shift from fiat money to hard money. The old saying of ‘he who has the gold makes the rules’ is exactly what is in play here.”
Holter estimates China has around 40,000 tons of gold. America officially has 8,300 tons of the yellow metal. Mr. Gold explains, “With this thing in China and them cutting the paper markets off,...............
China Wants to Revalue Gold and Silver – Bill Holter | Greg Hunter’s USAWatchdog