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Home>GoldWire>Gold researcher Jansen skeptical about supposed China oil contract backed by gold

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Gold researcher Jansen skeptical about supposed China oil contract backed by gold

Chris Powell

GATA

Published : September 15th, 2017

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	In comments to The Daily Coin's Rory Hall this week, gold researcher Koos Jansen expresses great skepticism about the recent report by the Nikkei Asian Review -- https://asia.nikkei.com/Markets/Commodities/C...orld-order-w... -- asserting that China is planning to do its oil business in yuan convertible into gold at the Shanghai and Hong Kong exchanges. Jansen doesn't see how oil contacts can be directly related to gold as China's gold market is currently structured, and he notes that traders selling oil to China already can be paid in yuan and use them to buy gold, if not necessarily in China itself. Jansen's comments are headlined "China's Gold-Backed Oil Benchmark" and it's posted at The Daily Coin here: http://thedailycoin.org/2017/09/13/chinas-...-oil-benchmark/

Data and Statistics for these countries : China | Georgia | Hong Kong | All

Gold and Silver Prices for these countries : China | Georgia | Hong Kong | All

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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