$PAXG
Gold is under control... The end of the safe haven!
🇨🇳 China, the largest buyer of gold in the world, fires a bullet into the heart of the markets by canceling the tax exemption on investment gold, imposing a surprise 6% tax starting from November 1.. This step indicates:
💰 The impending bankruptcy? A frantic government effort to seize revenues amid economic challenges and a collapsed real estate market.
👥 Chasing your savings! A stringent government attempt to "squeeze" the public rush towards gold and force individuals' liquidity into more heavily monitored channels.
🌍 Contagion spreads! Debt-laden countries (like India and Turkey) may begin to emulate the step. Who will be the next to restrict gold?
⚠️ Summary: Gold is entering a dark phase of political control. It has transformed from merely a "safe haven" to a "tool of policy and national security" now subject to stringent government restrictions. Watch the difference between Shanghai prices and global prices... it's an indicator of the beginning of a global monetary shift that cannot be ignored.
⚠️ The decision takes effect from November 1 and is expected to raise gold prices inside China and the world .. 🔥
