start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter


Shanghai's gold fix

The metals news of the day starts like this:
The Shanghai Gold Exchange will launch a yuan-denominated gold fix by the end of the year, a bourse official said on Thursday, in a move aimed at giving China more influence over the pricing of the precious metal. 
"We will be introducing a renminbi-denominated fix at the right moment, we are hoping to introduce by the end of the year," Shen Gang, vice president of the Shanghai Gold Exchange said at the LBMA Bullion Market Forum in Shanghai.

One of theose things you read and go "unsurprised", but it's still mightily interesting when you hear about it. Full note here, plus in about a couple of million goldbug conspiracy theory sites by the end of today.