FFX 0.00% 20.0¢ firefinch limited

potential customers for bgs gold, page-24

  1. SRV
    3,252 Posts.
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    " 'our' gold may not be sold in the traditional way to London or New York conected parties, but rather in a more direct sale to an entity probably Chinese based.

    And therefore because of the demand curve seemingly moving up, the price we get may be somewhat more"

    No, and again no - any refined product will be conformed and then sold on the open market as I've explained.

    The Chinese of all buyers NEVER pay big premiums for their gold - in fact if you research it, quite the reverse - they ALWAYS strive for the lowest price available on the international exchanges.

    Also if you didn't know China is in process of promoting their Shanghai metals exchange as the primary rival to LBMA... because they're sick of the stuffed suits at JPM, Citi, Deutsche & others who 'fix' prices (and are also the main manipulators of precious metals prices anyway...)

    When it suits them China will harness their massive buying/selling power and use their own exchanges to guarantee delivery of physical metal to those who want it - which would be a serious assault on the US$ as they manoeuvre the Yuan into place to rival USD - they've been doing this for at least the last 3 years...
 
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