$XAU
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$PAXG
PAXG is at 3944u now.
When PAXG went back to 4026, the gold shop’s buy price was 121 million, but now at 3944 the gold shop buys at 126 million. I don’t know when there will be a floor for trading, because they’re manipulating things like this—vcl. Exactly as Warsh once said: the cheaper the money is, the richer the rich get, and the government + the poor have to carry everything on their backs. Proof: gold shops are holding gold because they only see it go up, not down, and they’re manipulating it—especially in the Vietnamese market. While other people are falling hard, they still try to suppress the price. Why? Simple: they’re smuggling gold across borders; the bigger the price gap, the more they benefit. Even the General Director uses their position and authority to custom-process “smuggled” gold to sell on the “black market,” too! As long as there is still a monopoly, Vietnam can’t be called a market—more accurately, it should be called a “bureaucracy market”! Petition to the State, the Government: soon abolish the gold monopoly so the market is more open and transparent!
❗❗❗The price in the post is for 23k gold!❗️❗️❗️
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