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<p>[QUOTE="desertgem, post: 1390076, member: 15199"]<a href="http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251" rel="nofollow"></a></p><p><a href="http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251" rel="nofollow"><br /></a></p><p><a href="http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251" rel="nofollow">http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251</a></p><p><br /></p><p>The truth is somewhat different than the implied ( by many bullion sources) that Chinese citizens can buy and hold gold freely. When you read the 3rd bullet on the above URL, you will see that the Chinese citizen gets "Paper gold" like buying "GLD" , and it specifies that no physical metal will be given. The Bank of China will possess the gold metal. Smart really, get the citizens to use their money to buy physical metal for their country, which will give them paper assets when they want to settle. </p><p><br /></p><p>The "cute" kicker is when it says that is so the citizen doesn't have to worry or be troubled with a metal transaction <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Also this in the URL[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1390076, member: 15199"][URL="http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251"] http://www.bochk.com/web/common/multi_section.xml?section=investment&level_2=precious_metals&fldr_id=251[/URL] The truth is somewhat different than the implied ( by many bullion sources) that Chinese citizens can buy and hold gold freely. When you read the 3rd bullet on the above URL, you will see that the Chinese citizen gets "Paper gold" like buying "GLD" , and it specifies that no physical metal will be given. The Bank of China will possess the gold metal. Smart really, get the citizens to use their money to buy physical metal for their country, which will give them paper assets when they want to settle. The "cute" kicker is when it says that is so the citizen doesn't have to worry or be troubled with a metal transaction :) Also this in the URL[/QUOTE]
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