It's a great move which I hope forces a change in world silver markets. David Morgan, Max Keiser & other silver luminaries keep writing year after year about the coming changes in market de regulation, but like 'tomorrow' it never comes. I thought that we might have to have a financial collapse in the US, like the Soviet Union had in 1989 before the cme mafia relaxed its deadly grip on things.
Ther's a karmic note in Kong Kong being the place to initiate change in the silver marketing scene. In the last 5 years of free China(under Chiang Kai Chek), the US drained China of vast quantities of silver coinage.
I wonder if this will have any effect on silver producers in Australia in the near term. Trading silver futures is rather a deadly pastime from what I hear.