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The China Daily is reporting that hundreds of illegal gold trading firms are taking funds from speculators with sizeable funds hoping to profit from the sudden rise in gold. According to the report, these illegal firms have little or no reserves, and are using deposited funds from speculators to cover potential losses. Further [...]

Posted on July 28th, 2009 under Current. Tags: china, china anjins, china gold anjins, china gold bubble, china gold speculation, gold bubble, gold speculation, illegal gold brokers, illegal gold speculation. Comments: None