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[Music] How is the gold price today? >> The gold price has decreased by 200 baht, professor. 200 baht is a lot, isn't it? >> 9 times. >> Uh, it's below 65,000 now. >> Uh, tell me, currently, gold bars are sold at 64,800 baht. Gold ornaments are sold at 65,600 baht. >> Mmm. And while we are broadcasting, at this moment, the gold price is still at a level of uncertainty. Khun Kaew. >> Uh. >> But July will likely be a month with more clarity. >> Yes. >> After July 24th. >> Why, professor? >> Why? Because July 24th will be the day China attempts to reduce paper gold trading. >> Mmm. >> Reduce it significantly, and there are many measures too. >> Yes. >> Paper gold, such as futures markets and borrowing money. >> Mmm. >> Without actually investing. >> Which has many complex dimensions. The first is to curb systemic risk. The reason is this, Khun Kaew. There was a lesson in 2020, which is 2563 BE. At that time, the price of crude oil products went up and became negative. >> Mmm. >> And it turned out that retail investors were all ruined. >> Non-performing loans to banks spread. >> And the second is that they, China, will prepare, besides July 24th being an important day, they will likely reduce it drastically. >> China orders 4 major banks to ban retail trading of paper gold starting July 24th. >> Indirect measures before ordering a suspension. China has increased margin requirements to as high as 120% to 140%. This means retail investors must put up collateral greater than the contract value. >> Mmm. >> Not like it's consolidated and becomes a non-performing loan. >> Yes. >> This is considered a signal to drive out retail investors, the "may-tao" (speculators), to gradually push them out far before ordering a closure on July 24th. And of course, if you ask why China is doing this, they said they would be a gold trading center. >> At the very back. >> It turns out China will cease paper gold trading. >> Mmm. >> But focus on large funds, not retail investors getting into trouble. Large funds may have the potential to dictate direction more than retail investors, who might be severely injured. But the Western chessboard, at this moment, is being counterbalanced by the East. In that this world has 9-10 times more paper gold than real gold. >> Mmm. >> 9-10 times. >> Mmm. >> And China is trying to reduce the trading volume. This means gold doesn't have to be real, right? >> Mmm. >> That is equivalent to increasing the volume of gold trading even though it doesn't exist. >> And this method is to suppress the gold price. China is trying to reduce, reduce the retail trading part. >> Mmm. >> To lead to the pursuit of a new gold price. >> Mmm. >> The true gold price. >> Which means. >> From July 24th onwards. >> Yes. >> What we see the price going down now, going up and down. >> Uh. Looking at the wave analysts who analyze waves, they say around here will start to be interesting, which will coincide exactly with July 24th. >> Now. >> The organization of domestic capital in the East, including China and Thailand, is accumulating gold. >> Mmm. >> And of course, many countries are seeing that central banks worldwide, which export to foreign countries, are converting US dollars to hold more gold. >> Mmm. >> This is important. >> Mmm. >> The world is about to change. The price drop at this moment is a price determined by paper gold. China is eliminating retail investors. >> Mmm. >> So that large funds continue to operate, but it is equivalent to reducing the paper trading volume in China. >> Right? >> Uh. That means a major battle is occurring on the final deadline, July 24th. >> And major banks like ICBC, China Construction Bank, are starting phase 2 by closing old inactive accounts and returning collateral to minimize the number of players in the system. The starting point was from the oil injury I mentioned before. >> Squeezed by 140% margin increase. >> In simple terms, it's driving out retail investors, the gamblers, completely. >> Uh-huh. >> And the deadline is. >> Major banks continue. ICBC, Postal Savings Bank, Ping An Bank, and Guangfa Bank will cease managing gold and silver trading. >> Which is paper. >> Through promissory notes and the SGE system for retail. >> Completely. If anyone does not close their position, they will be forced to sell. >> Okay, Khun Kaew? >> Uh. >> Uh, this is how they play. >> And raising legal controls. The People's Bank of China, in cooperation with China Customs, is preparing to enforce new regulations to consolidate and strictly control the import and export, including the carrying of gold across borders by individuals. To prevent illicit capital outflow, they are tightening it continuously. >> Actually, regarding retail investors, if viewers notice, news from about 2 months ago, Russia did the same thing. >> Mmm. >> Now, China is doing the same. This means the East and the West are facing off. One side wants to suppress the gold price. >> The other side wants to increase the true value of gold. >> And they are fighting. >> Many believe that in the short term, >> Mmm. >> Before July 24th. >> Mmm-hmm. >> It is still an opportunity for some investors who say this is a correction before a rebound. >> Mmm. >> But whether it's true or not, we don't know. >> Many analysts, I read from Kitco, all analyze in this manner. But the major trend is still upward. [Music] [Music] [Music]