// Intel Briefing: The Shenzhen Gold Liquidity Flush

// STATUS: OPEN ACCESSIn this briefing, we analyze the $1.9B default of Jieworui in Shenzhen. We break down the mechanics of fractional reserve gold trading and why this is a lead indicator for global counterparty risk in 2026.Key Topics:The $5,000 Gold Trigger.Re-hypothecation in Shadow Banking.Self-Custody as the only hedge.// STAY LIQUID.Eronima eronima.substack.com