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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: onepath who wrote (71950)10/13/2011 10:45:42 AM
From: onepath  Respond to of 78425
 
...this should help keep physical strong..


Beijing Agricultural Commercial Bank To Install Gold Vending Machines - Look For Upward Pressure On Prices

<A href="http://seekingalpha.com/article/299076-beijing-agricultural-commercial-bank-to-install-gold-vending-machines-look-for-upward-pressure-on-prices?source=yahoo#comments_header">13 comments | by: Avery Goodman October 12, 2011 | includes: AUY, GLD, GOLD, IAU, NEM, PHYS


The Pan Asia gold exchange, set to open in June 2012, will allow millions of Chinese investors to participate in buying physical spot gold, as well as its derivatives. This is expected to remove some of the price-setting power of western exchanges like COMEX, as well as the now-dominant London OTC market operated by the LBMA group of banks. But the Middle Kingdom is not finished with its assault on the existing status quo in the gold market. It continues to take more steps to set itself up as the world's dominant arbiter of gold prices.

<A href="http://seekingalpha.com/article/299076-beijing-agricultural-commercial-bank-to-install-gold-vending-machines-look-for-upward-pressure-on-prices?source=yahoohttp://seekingalpha.com/article/299076-beijing-agricultural-commercial-bank-to-install-gold-vending-machines-look-for-upward-pressure-on-prices?source=yahoo</a>