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0.51% $1,391.7 gold futures

Oh dear, oh dear."My comments:What a great read in a Chinese...

  1. pugnacious
    1,418 Posts.
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    13/10/11
    01:26
    Post #: 9133601
    Oh dear, oh dear.

    "My comments:

    What a great read in a Chinese publication.

    When you think about it, who will want to buy paper gold on the LBMA or COMEX when on the Pan Asia Gold Exchange (PAGE) the "gold buyer will be able to receive a 90-day International Spot Contract and actual title to the gold he/she purchases."
    "

    How is the gold on this exchange different to LBMA? Your statement is misleading. Why would gold in a new Exchange in China be any more desirable than LBMA? Please explain.
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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