2025-06-28 17:45:09 UTC

john on Nostr: Is there a difference between what this says and just being able to buy gold with ...

Is there a difference between what this says and just being able to buy gold with CNY?
CNY is now a gold redeemable currency with gold delivery via a vault in Hong Kong.

Anyone with surplus CNY who prefers gold can buy gold on Shanghai Gold Exchange, take delivery in Hong Kong, vault or ship globally as appropriate to their security and liquidity preferences.