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"... by which they have taken over control over the gold price from the West." Poor choice of words. While there may be increased demand from China and an incr
by ilamont 3y ago
"... by which they have taken over control over the gold price from the West."
Poor choice of words. While there may be increased demand from China and an increase in prices as a result, it's not like the regime sets the price of a globally traded precious metal, is cornering the market (like traders did with silver in 1980, https://www.bullionbypost.co.uk/index/silver/silver-thursday/ https://www.bullionbypost.co.uk/index/silver/silver-thursday...), or has taken such control from "the West."
- gopher_space 3y agoFeels like an unintentional subtext to the article might be “reasons why the world abandoned a gold standard”.