the incredible collapse of value of silver , page-18

I am with rowingboat on this.

It is exchanged in all currencies. Which is why trying to say gold and silver is not money is the big joke.

Gold and silver for the US paper manufacturers is but a part only of their trading, other currencies are a big part as well as many other commodities. A Wall Street trader may offset a short position in gold with a long position on the Australian dollar and next day may reverse them, just depends where he can see a profit.

In gold and silver the London Exchange has always and still plays a very big role. China with its new exchange is increasingly active and we often in the 24 hour cycle see moves up or down begin during our late market from here now.