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[Music] China is trying to reduce the retail trading portion to reduce the picture, leading to [Music] the pursuit of new gold prices. A big fight is brewing on the day of the final expiration, which is July 24th. If anyone does not close their position, they will be forced to sell. Playing like this in July, it will probably be a month with more clarity after July 24th. >> Why, professor? >> Why? Because on July 24th, it will be the day China will try to reduce paper-based gold trading. >> Reduce it like this, and there are many measures. Paper gold, such as futures markets and borrowing money without actually investing, which has many complex dimensions. The first is to block systemic risk. The reason is this. There was a lesson in 2020, which is 2063. At that time, it appeared that crude oil prices had risen and turned negative. And it appeared that retail investors were all ruined. >> It became bad debt to the banks, spreading. And the second is that China ordered 4 major banks. Retail brands trading paper gold starts this July 24th. Indirect measures before ordering. Chinese banks have increased collateral rates up to 120% to 140%. This means that retail investors have to put up more collateral than the contract value. It's not like a picture, and it becomes bad debt. It is considered a signal to gradually drive out retail investors, the "may mao" (speculators), far away before ordering them to close on July 24th. And of course, if you ask why China is doing this, they said they would be a gold trading center. >> In the back, it turns out that China will end paper gold trading, but focus on large funds, not retail investors to cause trouble. Large funds may have more potential to determine direction than retail investors, who may be severely injured. But the Western chessboard, at this moment, is being counterbalanced by the East. While this world has 9-10 times more paper gold than real gold, and China is trying to reduce trading volume, it means gold doesn't have to be real, right? >> Uh >> That means increasing the volume of gold trading even though it doesn't exist. And this method is to suppress gold prices. China is trying to reduce the retail trading portion to reduce the picture, leading to the pursuit of new gold prices. >> Uh-huh >> Real gold prices, which means from July 24th onwards. Now, the organization of capital in Eastern countries, including Thailand, is accumulating gold. And of course, many countries are seeing that central banks worldwide that export to foreign countries are converting US dollars to hold more gold. This is important. The world is about to change. The price drop at this juncture is a price determined by paper gold. That means a big fight is brewing on the day of the final expiration, July 24th. If anyone does not close their position, they will be forced to sell. Playing like this and raising regulatory laws. News from about 2 months ago, Russia did this. Now, China is doing this. This means the East and the West are confronting each other. One side wants to suppress gold prices, the other side wants to increase the real value of gold, and they are fighting. Many believe that in the short term, before July 24th, it is still an opportunity for some investors who say this is a correction before a rebound.