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[Music] Many people are interested in gold, oh wow. >> Okay. >> In a few more days, right? In a few more days. Next week, viewers, July 24th. I've been saying since last week. >> Yes. >> That China will announce that many institutions, which Khun Gae will read the details later. >> Mmm. >> 4 major banks will stop allowing retail investors to trade gold. Only paper gold will be canceled entirely. >> Mmm. >> For large investors. >> Mmm. >> Which forces you to quickly close your position. This means you have to convert from paper gold to cash. >> Mmm. >> And I emphasize that paper gold is more than the actual gold content, which is in gold bars. >> Yes. >> Which can be physically touched, it's about 9-10 times more. >> Wow, uh. >> Paper gold is so much. >> Therefore, the price of gold. >> It has to be suppressed because it's as if there's so much gold all over the world. >> Right? >> Mmm. >> China also said that from now on, retail investors will not be allowed to trade paper gold anymore. >> Mmm. >> If you want to buy real gold, paper gold opens the door for anyone, funds. >> Mmm. >> ETFs can invest. The central bank can invest. But most recently, viewers, the deadline of July 24th means that those holding paper gold contracts will be forced to sell and close their positions on the 24th. >> Yes. >> If you see that you should sell quickly, sell now if the price is good. This means if everyone rushes to sell, in a few days from the 24th, Khun Gae, guess. >> It will fall. >> What will the price of gold be like? >> Uh, it has to fall, right? >> It has to fall, right? >> Because everyone is being pressured now. The less time there is, the more they will be pressured to lower the price. It's a large reduction in the volume of paper gold, at least in China. >> Mmm. >> Do you understand? >> Mmm. >> Now, when it falls, people ask if that means someone will buy because they know it's falling. >> And how long will it fall? We know it's until the 24th. There are many theories. 1. After the 24th, gold will rise. >> Mmm. >> 1, one theory. >> Mmm. >> 2. >> Sell until the last day, a sharp drop. The 24th, and then it continues to fall because China cannot maintain the same volume of gold trading. It cannot lead the market. >> Uh. >> Therefore. >> China cannot lead gold trading, or not? >> Mmm, mmm. >> Or should we buy around here? >> Mmm. >> But analysts, Khun Gae, tell us something very interesting. >> Kim Property Life said that now there is news that people listening might be confused. China ordered 4 major banks to close paper gold trading. The deadline is July 24th, while the price of gold has already dropped by 30% from $5,600, uh, $5,600 per ounce. But on the contrary, state purchases of gold have increased 8 times, Professor. >> This is important, viewers, listen carefully, listen again. >> Uh. >> The purchase volume from the Chinese state banks, right? >> Uh, increased 8 times. >> Increased 8 times, viewers, think about what that means. >> Listeners say, "Huh? Why is the news so confusing?" Actually, now, China has announced that 4 giant banks will close their paper gold trading services before July 24th. The price of gold has dropped from nearly $5,600 per ounce to below $4,000, a drop of nearly 30% from its peak. People thought, "Huh? Is China banning gold?" But if you look at another layer of information, the People's Bank of China has increased its gold purchases from 1 ton per month in the previous period, uh, in the previous period to 5 tons per month in March, and 8 tons per month in April. And most recently, they said in June it reached 15 tons, Professor. >> Viewers, think about it, from 1 ton to 15 tons. Ton, uh, uh. >> And it's real gold, not paper gold. >> This is not, not a loss of faith in gold. But this is a country trying to figure out who should hold gold and how to hold gold. >> Uh, they see it this way. >> And they are talking about the policy to make Shanghai a gold trading center. >> Which is starting in July now. China has been planning for months, as I've said, that China will plan to be a center. >> For gold, starting in July. >> But Hong Kong's center is also opening, and they will connect cross-border money transfers, increasingly based on gold. >> Yes. >> Especially with the help of Iran. >> Uh. >> Therefore, gold dropped 30%, but the state bought 8 times more. You have to think about it. Looking at China's gold import data, net gold imports in the first quarter of 2026 were as high as 317 tons, an increase of nearly 3 times compared to the previous quarter. This figure reflects that the demand for real gold in China has not disappeared anywhere, but the government wants gold holding to be about buying and holding, not borrowing to gamble. Uh, they use this phrase, Professor. >> Uh, this phrase is very sharp. >> Uh. >> [Music] [Music]