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Don't bother listening to the video...
China is going to implement new rules for non SGE & SHFE (off-exchange) Gold and Silver trading.
1) Off-exchange leveraged derivatives (leveraged paper longs of leveraged paper naked shorts) will no longer be tolerated.
2) Physical Gold and Silver deliveries will be enforced.
3) Off-exchange fractional reserve Gold and Silver will be scrutinized.
4) Off-exchange Gold and Silver rehypothecation will not be tolerated (so no more Bugsy Siegel operations).
China is going to implement new rules for non SGE & SHFE (off-exchange) Gold and Silver trading.
1) Off-exchange leveraged derivatives (leveraged paper longs of leveraged paper naked shorts) will no longer be tolerated.
2) Physical Gold and Silver deliveries will be enforced.
3) Off-exchange fractional reserve Gold and Silver will be scrutinized.
4) Off-exchange Gold and Silver rehypothecation will not be tolerated (so no more Bugsy Siegel operations).