If you're still relying on traditional banks to keep your trading channels open, stop now.
There is nothing worse than waking up to find your market access has been cut off overnight. It is the ultimate retail nightmare, leaving you sidelined while institutions protect their own balance sheets.
Starting this July, major Chinese institutions including ICBC, Bank of Communications, and China Merchants Bank are halting agency services for individual precious metals trading on the Shanghai Gold Exchange. The banks claim this is proactive risk management, but it effectively locks retail out of the gold rush.
We saw this same movie play out with the crypto bans years ago, and it rarely stops people from wanting to trade. If investors cannot buy physical gold through their local bank, it is highly likely we will see capital migrate toward censorship-resistant alternatives like $BTC or tokenized gold assets like $PAXG.
Do you think this regulatory squeeze will push more traditional gold bugs into the crypto market?
#GoldTrading #MacroFinance #CryptoVsGold