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

ZeroHedge  |  Tyler Durden

“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 during the Lehman crisis and as bad as the peak of the Chinese banking system liquidity crisis in 2013 as onshore investors appear to prefer the precious metal to hedge against ongoing Yuan devaluation…

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One Response to “Yuan Collapse Sends China Physical Gold Premium Soaring To 3-Year Highs”

  1. This is a very good tip especially to those fresh to
    the blogosphere. Short but very accurate information… Appreciate your sharing this one.
    A must read article!


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