New Chinese Gold Market (PAGE) Will Change World Markets Forever

[Scottj88]

The new exchange which is rolling out right now (Quarter 3/Quarter 4 2011) will fundamentally shift the way gold markets price spot-gold. The allocated 1-1 contract will put an end to the western bullion banking paper suppression, and will be another important step for the Chinese currency to gain international recognition and money flow.

Participate in the discussion or learn more at tfmetalsreport, the specific thread can be found here:

http://www.tfmetalsreport.com/blog/2256/page-turning

 

[Scottj88]

Or ask something here, I am more than willing to answer questions.

GLD ans SLV are not safe instruments to be investing in, as they are over-leveraged suppression schemes to sipher money out of the sector (miners) and into the bullion banking hands. Please be aware that these may "belly up" at some point when PAGE activates, as larger money will run to the 1:1 allocated gold market instead of taking their chances with GLD/SLV/Comex/LBMA.

This perspective that there will be a "run on physical" on these banks can be seen with Chavez's recent move of demanding 99 tones of physical gold from the Bank of England (Part of the bullion banking).

http://silverdoctors.blogspot.com/2011/08/hugo-chavez-demands-99-tons-of.html

 

[Gideon]

Or ask something here, I am more than willing to answer questions.

GLD ans SLV are not safe instruments to be investing in, as they are over-leveraged suppression schemes to sipher money out of the sector (miners) and into the bullion banking hands. Please be aware that these may "belly up" at some point when PAGE activates, as larger money will run to the 1:1 allocated gold market instead of taking their chances with GLD/SLV/Comex/LBMA.
...

I am clear on the GLD and SLV link with price manipulation, in that they are playing the old goldsmiths game and fractionally selling electronic metal that may or may not exist.

I visited the Pan Asian Gold Exchange web-site, and they claim that they launched the exchange in February of 2011.

So here is my concern:

If PAGE is already open, then what effect is it having on the PM markets?

Certainly, both Au and Ag are up from February of this year, so can we attribute these relative price increases to PAGE, and if so, then the price discovery mechanism has already taken effect, and we should be relatively stabilized.

What am I missing here? The implication from the OP is that PAGE has yet to open, and that we will see physical metal price discovery (significantly higher physical prices) in the near future.

Is the long term plan to shift investment away from GLD and SLV and into PAGE? If so, then why not simply obtain physical PMs? Why should I trust PAGE any more than GLD and SLV?

Please clarify this for me.

 

[cubical]

You hear this stuff all the time about what China will do. I do think gold is being repriced and will go much much higher, but I don't know if this is THE catalysis. I will believe it when I see it.

 

[CaptainAmerica]

I am clear on the GLD and SLV link with price manipulation, in that they are playing the old goldsmiths game and fractionally selling electronic metal that may or may not exist.

I visited the Pan Asian Gold Exchange web-site, and they claim that they launched the exchange in February of 2011.

So here is my concern:

If PAGE is already open, then what effect is it having on the PM markets?

Certainly, both Au and Ag are up from February of this year, so can we attribute these relative price increases to PAGE, and if so, then the price discovery mechanism has already taken effect, and we should be relatively stabilized.

What am I missing here? The implication from the OP is that PAGE has yet to open, and that we will see physical metal price discovery (significantly higher physical prices) in the near future.

Is the long term plan to shift investment away from GLD and SLV and into PAGE? If so, then why not simply obtain physical PMs? Why should I trust PAGE any more than GLD and SLV?

Please clarify this for me.

pyrite lol

 

[hazek]

What am I missing here?

Did you even watch the OP video? Anyway, this is what you are missing:

 

[YumYum]

Is China setting a price per ounce? I thought that is what I heard in the other video.

 

[Seraphim]

No sir. They will "Fix" the spot price each morning at 8am (local) as a conglomeration of the 6 largest bank dealing with the contracts.

In essence...it is China adding to the global spot market the way the London fix and the NY fix do. The difference being that their contracts will be FULLY backed by the underlying asset (gold).


This will have two substancial effects - prices should more and more reflect true market conditions for physical gold and it will start launching the RMB as a globally tradeable currency. Paving the way to end the fiat USD as king.

Is China setting a price per ounce? I thought that is what I heard in the other video.

 

[LibForestPaul]

The difference being that their contracts, enforceable and verified by?, will be FULLY backed by the underlying asset (gold).

.

Perhaps they want to get in on a different scam ?

 

[YumYum]

No sir. They will "Fix" the spot price each morning at 8am (local) as a conglomeration of the 6 largest bank dealing with the contracts.

In essence...it is China adding to the global spot market the way the London fix and the NY fix do. The difference being that their contracts will be FULLY backed by the underlying asset (gold).


This will have two substancial effects - prices should more and more reflect true market conditions for physical gold and it will start launching the RMB as a globally tradeable currency. Paving the way to end the fiat USD as king.

In essence the RMB will be backed by gold. If you want to buy 10 ounces of gold from China, you must do it with RMB, much the same way if you buy oil from OPEC you have to buy it with FRNs. If you sell your gold, you get RMBs in exchange. When this goes international, the dollar will be finished.

How will the international traders establish the integrity of the gold?

 

[Seraphim]

I was merely stating what they are stating.

Sadly I trust Beijing more than London/NY on this - how's that for a weird backwards reality?

Perhaps they want to get in on a different scam ?

 

[puppetmaster]

In essence the RMB will be backed by gold. If you want to buy 10 ounces of gold from China, you must do it with RMB, much the same way if you buy oil from OPEC you have to buy it with FRNs. If you sell your gold, you get RMBs in exchange. When this goes international, the dollar will be finished.

How will the international traders establish the integrity of the gold?

so the only way to get RMBs is to sell your gold to china?

 

[Seraphim]

No, but RMB is very difficult to get. There are legal avenues, however.

so the only way to get RMBs is to sell your gold to china?

 

[YumYum]

No, but RMB is very difficult to get. There are legal avenues, however.

I speak Mandarin and I am going to Chicago with a dozen Chinese. I'm buying RMBs while they are cheap.

 

[Seraphim]

Smart - I am of the opinion that the Chinese will shake the world and at some point and peg the RMB to gold and tell the West to fuck themselves.

Even if they don't, there is NO WAY the RMB stays this low vs the USD when the timeline is 3+ years.

I speak Mandarin and I am going to Chicago with a dozen Chinese. I'm buying RMBs while they are cheap.

 

[Scottj88]

No sir. They will "Fix" the spot price each morning at 8am (local) as a conglomeration of the 6 largest bank dealing with the contracts.

In essence...it is China adding to the global spot market the way the London fix and the NY fix do. The difference being that their contracts will be FULLY backed by the underlying asset (gold).


This will have two substancial effects - prices should more and more reflect true market conditions for physical gold and it will start launching the RMB as a globally tradeable currency. Paving the way to end the fiat USD as king.

In essence the RMB will be backed by gold. If you want to buy 10 ounces of gold from China, you must do it with RMB, much the same way if you buy oil from OPEC you have to buy it with FRNs. If you sell your gold, you get RMBs in exchange. When this goes international, the dollar will be finished.

How will the international traders establish the integrity of the gold?

I agree with the points being made here. Glad to see some others who see the significance of this. To me this is more about establishing a new world reserve currency and dethroning the petro-dollar which has abused its privileges and left its users up for a rough future ahead (yet all western world fiat currencies are linked to the dollar...).

I suspect this may be the official start of "drastic" monetary/fiscal policy to attempt to preserve the remains of our dying system, but only long enough in which a new western currency can be introduced.... as the implications of GLD/SLV going bust could trigger a financial nightmare....

The Pan Asian Gold Exchange (PAGE) opened in February 2011, but is still in the process of rolling out this very technical trading mechanism. When it fully gets rolling (as in opens up fully to the the larger global investors), it will be interesting to see what happens to the relevance of the comex/lbma spot price. There will most likely be a great Public Relations campaign pushing some kind of garbage on the people.

 

[Seraphim]

^^

The Chinese are VERY methodical. They announced PAGE 4 years ago.

 

[Gideon]

Did you even watch the OP video? Anyway, this is what you are missing:

Yeah, I get it now.

The Chinese want to be the goldsmiths, and will be competing directly with the fed/IMF cabal, so yeah I get it:

World War.

 

[Seraphim]

Possible.

But I also think that mutually assured destruction is NOT on the docket for the world elites - could be wrong though.

Did you even watch the OP video? Anyway, this is what you are missing:

Yeah, I get it now.

The Chinese want to be the goldsmiths, and will be competing directly with the fed/IMF cabal, so yeah I get it:

World War.

 

[Scottj88]

Did you even watch the OP video? Anyway, this is what you are missing:

Yeah, I get it now.

The Chinese want to be the goldsmiths, and will be competing directly with the fed/IMF cabal, so yeah I get it:

World War.

Make of this quote as you wish, interesting to say the least. (http://www.rense.com/general80/pike.htm)

"The Third World War must be fomented by taking advantage of the differences caused by the "agentur" of the "Illuminati" between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion. We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil. Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time." 4 -- Albert Pike

His other two predictions of the first two world wars are quite intriguing as well.... especially since the letter these quotes were supposedly from was dated in the 1870s.