Newmont Goldcorp Corp (NGT)

[NYBob]

Shanghai Gold Exchange Said to Plan FTZ Contract for Sept -
By Bloomberg News Aug 18, 2014 2:00 AM PT
4 Comments Email

The Shanghai Gold Exchange plans to start bullion trading in the
city’s free-trade zone on Sept. 26, according to three people
with knowledge of the matter.

The people asked not to be identified because they aren’t
authorized to speak to the media. Gu Wenshuo, a spokesman for

the exchange, confirmed that the trading system is
being tested, without giving further details.

Shanghai wants to become a regional bullion-trading hub, giving
foreigners access to the world’s largest physical-gold market,
Xu Luode, the exchange’s chairman, told a conference
in Singapore in June.

The gold contract will be priced and settled in yuan and the
infrastructure is in place for trading to start in the third
quarter, Xu said in June.
The zone will have a vault capable of holding 1,500 metric tons
of gold, which can either be imported into China or
be in transit to other markets, Xu said.

China is seeking to open up its bullion markets just as domestic
demand weakens.
Consumption contracted 19 percent in the first six months of the
year, according to the China Gold Association.
Bullion of 99.99 percent purity traded on the Shanghai Gold
Exchange climbed 8.7 percent this year, damping demand which
reached a record in 2013.

To contact Bloomberg News staff for this story:
Feiwen Rong in Beijing at [e-mail];
Glenys Sim in Singapore at
[e-mail]

To contact the editors responsible for this story: James Poole
at [e-mail] Alexander Kwiatkowski, Ovais Subhani

East Asia Geared Up For RMB Gold Trading -



The total volume of gold contracts traded on the SGE during
week 32, including the Chinese OTC market, was 131 tonnes.
On the Shanghai Futures Exchange (SHFE) the traded volume
was 365 tonnes, added to the SGE volume
makes 496 tonnes (counted unilaterally).

https://www.bullionstar.com/article/east%20asia%20geared%20up%20for%20rmb%20gold%20trading

http://www.youtube.com/watch?v=BSIk7HDeJJs#t=225

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God Bless


Ps.

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Do Not be fooled by gypsy king pin Rothschild banksters pawns -

Fiat currencies are slave papers the khazarian gypsy king pins

fooled the people with for more than 100 years.


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Wednesday, May 21, 2014 6:21

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The Truth about Rothschilds created Communism -
More then a 100 Million dead -

http://www.youtube.com/watch?v=oHJ3J38_fDI

Communism orchestrated by Rothschild to rob all global gold
the Real Money for more than 100yrs. and print slave fiat$currencies to gypsy-foolery of the people -

http://www.youtube.com/watch?v=_SaXb2N2gqI

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God Bless