Sunday, September 21, 2014

The future for gold is physical
“The growth of the Shanghai Gold Exchange to become the world’s largest physical gold exchange provides compelling evidence that the future for gold is physical.  As the market shifts from west to east, the expansion of strong gold trading hubs in Asia will improve price discovery, liquidity, transparency and efficiency; all of which will transform the landscape of the global gold market. As a major global market, this will enable China to take its rightful place in the world gold market.

“The development of the International Board, opening up the Chinese market to global investors is a significant first step towards the internationalisation of China’s gold market which already accounts for 30 per cent of global demand.  The World Gold Council’s role is to use its global expertise to help support and grow that market on the international stage.”

Did the CEO of the World Gold Council just say that?  He sounds like a conspiracy theorist, not the enabler of the global gold price suppression scheme led by central banks and their agents in crime, the bullion banks.

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