Gold’s Pricing Power Moving East

The comments above & below is an edited and abridged synopsis of an article by Gold Forecaster

This article discusses whether is China excluded from the global gold price, or arbitrage includes it; the Shanghai daily gold fixes; de-globalization, protectionism and capital controls; and whether the yuan presents a problem in pricing gold.

Gold's Pricing Power Moving East | BullionBuzz“Consequently, the major steps in shifting gold’s pricing power to the East have been completed. It is only a matter of time before we see the influence of COMEX decline considerably and the link between London’s physical gold market and the Shanghai Gold Exchange be consolidated with Shanghai dictating daily gold prices.”

“This will ensure a 24-hour global gold market where prices relate to the gold market and not to the US economic situation.”

The gold investor who ensures he or she is outside the reach of confiscating authorities will retain their gold and ensure they profit from those rocketing prices.

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