If the yuan-gold price (once fixed) will go through the roof due to dollar collapse consequences, fixing it while there is still speculative trading would create a financial crisis in the Shanghai futures exchange; therefore, banks have been told not to open new futures positions.
causalpending
Speaker
Alistair MacleodEvidence Quote
“if they're going to put um the yuan onto a gold standard that does imply that the gold price is going to go through the roof...this would absolutely create a financial crisis in uh the Shanghai futures exchange and that's why...the banks have been told look once this current contract ends don't open new positions”
Created: 7/13/2026, 8:49:27 PM
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