Tin Foil Hats, Economic Reality and the Total Perspective Vortex

[searcher]

Hong Kong Gold Clearing House Set to Begin Operation as Gold Trade Shifts West to East

In another move to elevate its status as a gold hub, Hong Kong officials plan to expand the region’s gold storage capacity from 200 to more than 2,000 tonnes over the next three years.

goldseek.com

Update

Hong Kong's gold central clearing and settlement system commences trial operation today supported by full package of targeted initiatives (with photos)

The Financial Services and the Treasury Bureau (FSTB) announced today (July 7) the commencement of the trial operation of Hong Kong's new central clearing and settlement system for...

www.info.gov.hk

 

[pmbug]

USA scores a political win in the fight for control of South American resources:

A Peruvian court ordered the government to oversee a Chinese-owned port near Lima, helping US efforts to curb Beijing’s growing power in the region.
...
The new ruling accepted the argument that, although Chancay is privately owned, it is a public-use port. As a result, it falls under Ositran’s powers to regulate, supervise, inspect and sanction operators under Peruvian law, the regulator said in a statement.

The decision can still be appealed. ...

Peru Court Hands Washington a Win in Fight Over Chinese-Owned Chancay Port

A Peruvian court ordered the government to oversee a Chinese-owned port near Lima, helping US efforts to curb Beijing’s growing power in the region.

gcaptain.com

 

[searcher]

Didn't know where to post this so I thought this was probably the best thread. Nothing to see, can listen in one tab, play around the forum in a different tab.

New Hong Kong GOLD System Changes Everything - 'This is a BIG DEAL': Eric Yeung

Jul 11, 2026 Commodity Culture
Eric Yeung breaks down major news in the gold market: Hong Kong has just launched a new gold clearing and settlement system that could change the entire game. With major banks like JP Morgan already signing on, Eric speculates that this development could push gold into more of a physical settlement market, as opposed to the paper market that dominates Western exchanges today.


33:14

 

[Casey Jones]

Take it with a grain of salt.

Having listened to Eric's guest appearances on various podcasts...I'm less than impressed. He seems a tight roll of Talking Points, more than a true observer.

DYODD. I think he's a CCP plant to sell an idea, or many ideas, to the lower-strata listeners in the West.