Commodity Trade Mantra
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Posts Tagged ‘Gold As Collateral’

China Demands Gold As Collateral For Zimbabwe Loans

China is happy to provide the financing to turn Africa into Disneyland – Monorails & all – but there is one catch… the loans must be backed by gold as collateral, in accordance with rules & regulations when granting any loan. Great way for China to transform its excess USDs to Gold (Also get paid interest while it waits).

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