China lately has begun opening regional gold vault/exchanges in strategic trading partner countries, and has several more planned to open soon. The concept is to use gold ‘warrants’ as a means of settling international trade/monetary contracts. As has been suggested by Dr Farrell, deposits are documented by and transactions to withdraw are done with paper and (I believe) digital means. Here’s a video of a withdrawal in Shanghai. ‘Authorized participant’ means this person is a big fish, and has special withdrawal privileges. Another move by China/BRICS to build the parallel, non-western monetary system that de-dollarizes their economies.
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