China’s gold strategy may be about something much bigger than a gold backed yuan
China is steadily building something that deserves close attention from anyone who owns physical gold.
It is not necessarily a gold backed yuan.
There has been no official announcement that Beijing intends to peg the renminbi to gold, nor is there…
SPOT : The spot price reflects Gold, Platinum, or Silver’s paper market value, but the real cost of bullion is higher due to dealer premiums, minting, shipping, and market demand.
SPOT PRICE :
- Gold
AUD $
- Platinum
AUD $
- Silver
AUD $
PHYSICAL : The actual price of physical Gold, Platinum, or Silver is always higher than the paper spot price. This is because the spot price represents the paper or electronic market value, not the physical metal in your hand.
PHYSICAL PRICE :
- Gold
AUD $
- Platinum
AUD $
- Silver
AUD $
PRICE
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