20/12/16

Yuan Collapse Sends China Physical Gold Premium Soaring To 3-Year Highs [feedly]



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Yuan Collapse Sends China Physical Gold Premium Soaring To 3-Year Highs
// Zero Hedge

"Worse than Lehman..."

The premium that mainland Chinese investors are willing to pay for physical gold has surged to over $40 as the Chinese government seeks to curb illegal capital outflows. Following slowing in Tier 1 home price growth, and a collapse in the China bond market, it appears gold panic-buying is accelerating...

 

This premium is higher than ....

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