According to multiple sources, demand for physical gold in mainland China at the retail level is so extremely strong that many people do not mind paying the reported 7% premiums above spot prices there and now there's developing shortages of gold bullion in mainland China at the retail level. Look up gold prices in other currencies for free here: https://goldprice.org/ Some retail gold bullion dealers are also hoarding expecting higher gold prices. People in mainland China are worried about more devaluation of the RMB as well as the credit bubble, real estate bubble and banking problems in China. The newest rumor (waiting for additional confirmation) is that now demand for physical gold bullion in Hong Kong is so strong that there's now shortages of gold bars in Hong Kong. This may be because of the escalating political tensions in Hong Kong over people protesting for free speech and also protesting the potential extradition laws back to mainland China. Many residents of Hong Kong are considering moving away or at least moving more of their savings out of Hong Kong. And there's even rumors, confirmed by the White House in the US, with satellite photos, of a massive gathering of Hong Kong police in riot gear or People's Liberation Army (PLA) military buildup of troops across the river from Hong Kong in Shenzhen. If you're not familiar with Hong Kong, Shenzhen is directly across the river from Hong Kong in mainland China in the Pearl River Delta region. Prices of physical gold in Chinese Yuan and the Hong Kong Dollar have both gone up a lot since April and May of 2019 and the gold prices charts are quite similar. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 57 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**