Physical Gold and Silver Demand to Surge (Pan Asia Gold Exchange ...

Physical Gold & Silver. The perfect investment choice for this turbulent times that involves no counter-party risks. So why is physical demand set to soar? A very simple Reason: The Pan Asia Gold Exchange

Pan Asia Gold Exchange vs USA?s COMEX

The Stage is set for an obvious chinese attempt at a takeover of Gold/Silver Contracts no longer in US dollars, but in RMB.

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Asset Trends Comments: Simply put the price for gold and silver will rise, new avenues for gold and silver investing will be quickly snapped up given the additional fact that mini-contracts such as 10 ounces gold is being offered for the retail investor?as well as reducing the dependency on a failing US dollar.

This move has another smart agenda, to perhaps end the obvious manipulation in the COMEX and the iShares GLD & SLV of a paper to physical backed ratio of 45-100 : 1.?

The Darker Agenda perhaps is to set up a stage for a gold/silver backed RMB later in the future

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?The Pan Asia Gold Exchange is going to send shockwaves through the mechanisms for the price discovery for both gold and silver. It?s backed by China?s state administration for foreign exchange and also the Chinese security regulatory commision. But the biggest bombshell is the offer of an RMB gold contracts for international investors.

?This is concrete evidence that China plans to bring the Remninbi to the world stage.?It?s going to provide access to a much more physical market and I know it?s going to attract a lot of the world?s precious metal business, providing much more of the Chinese and the international customers an alternative platform on which they can buy and sell buy and sell physical gold and silver.

?Now the first contract is actually going alive this month and its a 10-ounce gold mini-contract for the domestic Chinese retail market, which really until now has been restricted to physical purchases, so this domestic contract should be fully operational this month.

?It?s going to have a major impact on the demand side of precious metals equation. Especially as there are 320 million customers of Ag bank of China, who going to be plugged into this exchange platform from the off? If just 1% of their customers bought a single 10-oz contract, that would require new physical demand of 1,000 tons.

?Now this is welcome competition. And it should improve price discovery and dilute the effect of short side concentration.?

-BusinessInsider.com

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Source: http://www.assettrend.com/auag/physical-gold-and-silver-demand-to-surge-pan-asia-gold-exchange

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