Shanghai Gold Exchange (SGE and SFE) gold and silver

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I posted news about SGE expansion in Saudi Arabia in the tin foil hats thread starting here:

pmbug

Post in thread 'Tin Foil Hats, Economic Reality and the Total Perspective Vortex'

This is HUGE news that is getting no play in western financial media (via Google translate):
...
According to the Shanghai Gold Council, the Shanghai Gold Exchange has made important progress in the coffers of Saudi Arabia and Hong Kong. On May 8, 2025, the Saudi delivery bank of the Shanghai Gold Exchange was officially opened to realize the "two-way free exchange" of the RMB and gold, and at the same time, it also facilitated the direct participation of Middle Eastern investors in Shanghai gold trading through the Saudi Treasury. On June 26, 2025, the Shanghai Gold Exchange officially...
Click to expand...

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Unconfirmed rumor via Andrew McGuire:
 
Plus they are using Embridge to process transacrions which are completed in minutes rather than days on the SWIFT and at 98% less exepnse.
 
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