Holy sh1t....china to open her own version on the comex !!!!!!

[Mega]

http://www.zerohedge.com/article/hon...ading-and-bang-

Mike

[Josh H]

Re: Holy sh1t....china to open her own version on the comex !!!!!!

http://www.zerohedge.com/article/hon...ading-and-bang-

Mike

Your link is broken. Fixed:

http://www.zerohedge.com/article/hon...ding-and-bang-

[Chris Coles]

Re: Holy sh1t....china to open her own version on the comex !!!!!!

A Yuan based precious metal contract ...... So, how long before COMEX is squeezed out?

[Mega]

Re: Holy sh1t....china to open her own version on the comex !!!!!!

What is required is Schiff/Keiser or EJ to look at this.
Mike

[jpetr48]

Re: Holy sh1t....china to open her own version on the comex !!!!!!

I am all for free markets. And below are two examples of First Majestic and reputable Midwest dealer selling $4-5 over spot

When it comes time to treat a one ounce eagle as currency, and I go to buy a new car with my silver eagles, what will be the monetary value of exchange? What First Majestic is selling it for? China? The CRIMEX.

http://bit.ly/kzo1to

http://www.store.firstmajestic.com/

[Master Shake]

Re: Holy sh1t....china to open her own version on the comex !!!!!!

Sounds like a big deal, but for all the people who think the COMEX is rigged, you think an exchanged controlled by the ChiComs is somehow an improvement?

[shiny!]

Re: Holy sh1t....china to open her own version on the comex !!!!!!

Sounds like a great way for China to corner gold. Offer a higher buy price than the Comex, get everyone to sell to them, then voila! China has all the gold. We live in interesting times, indeed.