You think this is only in China? Illegality is now the hallmark of almost every market on the planet. The effort has between 13 and 88 days to go. Other major Western national leaders always cooperate with the sitting party of the Administration for re-election.
Central bank warns of risks in illegal gold futures speculation
BEIJING, Oct. 23 (Xinhua) — The People’s Bank of China said on Thursday that “underground gold futures speculation” was “typical illegal trading on gold futures” and was not protected by law.
The central bank warned Chinese investors of the extremely high risks in illegal futures trading.
Illegal gold futures trading is reported to have cost Chinese investors at least 100 billion yuan (14.6 billion U.S. dollars).
The illegal gold futures trading operates in two main ways: local companies working as agents for domestic institutions and individuals to help them invest in overseas gold futures; companies providing services in gold trading and demanding investors deposit money in designated accounts in a variant of margin trading.
The central bank said Chinese investors could conduct real gold trading through domestic commercial banks, or invest in gold futures through the Shanghai Gold Futures Exchange.
THERE IS NO OTHER INSURANCE AGAINST THE CONSEQUENCES OF THE BAILOUTS TAKING PLACE AT AN UNPRECEDENTED SPIRITUAL LEVEL OTHER THAN GOLD.
INSURANCE ON SALE
Gold is the only viable insurance. The US dollar is not viable insurance because there is simply too much of it and that amount is growing every day. That makes the US dollar untrustworthy.
Gold is the only viable insurance. Clearly equities (with the exception of precious metals shares) are not.
Gold is the only viable insurance. US Treasury bills are not because the yelling at all the rating agencies in Washington today just might get US credit downgraded.
General commodities have been viable, but by nature they are too wild and from now on will be selective until Pakistan implodes and Weimar appears
Banks cannot offer insurance as they are in the main bankrupt.
Insurance companies cannot offer you sound insurance.
Money market funds are not insurance, making gold the only viable insurance.
Retirement programs are no longer insurance.
Jobs are no longer insurance as companies are run by lawyers and accountants.
Equity in your home is not insurance because it simply does not exist.
Your family is no longer insurance because they have the same problems you do.
The assumption your kids will take care of you in your old age is not viable insurance no matter what you think.
Gold has no liability attached to it and is therefore the only viable insurance.
Gold is universally exchangeable, making it the only viable insurance.
Gold has historically performed perfectly in maintaining buying power, making it the only viable insurance.
Gold is the only viable insurance because it is Honest Money.
Since gold is the only viable insurance and because everyone needs it, gold will trade at levels of at least $1200 and $1650.
I could go on but gold is all there is that will protect you from the White Wash being applied by the Fed and Treasury on a structure that is in fact in a free fall.
I am not the least concerned about gold and believe you should not be either as long as you have no margin and understand what gold really is: a currency and an insurance policy. There is no other viable insurance in this most unusual situation.
Please review the Formula as the US Federal Budget is going ballistic as the TIC report contracts like a turtle into its shell.