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Eric Yeung: Deciphering China's Master Plan For Gold with Vince Lanci
Your host Tom Bodrovics, welcomes investor Eric Yeung, and Gold Fix partner Vince Lanci to discuss recent structural changes in China’s gold market, arguing that reports of China ending retail gold trading are inaccurate. Yeung clarifies that as of July 24, Chinese commercial banks are halting leveraged and forward gold contracts for retail customers on the Shanghai Gold Exchange (SGE). This move does not eliminate these instruments but relocates them to the Shanghai Futures Exchange (SHFE) and the new Hong Kong Gold Hub. The goal is to solidify the SGE as a predominantly physical delivery…
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