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Re: ThSeeker post# 6861

Monday, 10/16/2017 9:57:50 AM

Monday, October 16, 2017 9:57:50 AM

Post# of 19168
Edge83, posted this article a couple of days ago and I read it.

A very informative article, indeed. There's quite a bit of interest coming out now on this Chinese oil for gold deal and how it will be affecting the oil trade into China.

I'm still not 100% sure how they back the oil sales with gold, when the gold is held in the London Exchange? Is the gold used for the oil backing leveraged gold that would never be actually be released if it's not really there to use? There's only so much physical gold available to use.
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