[Mr. K]

explains why they have been buying up tons of it

[InterceptPoint]

This looks serious. The Chinese seem to want the price of gold to be the price of gold. What a novel idea. Right now the price of gold seems to be whatever our masters want it to be.

[muir_redwoods]

Somewhere in this news is a buying opportunity. I can’t think of a recent precedent for a new pricing standard entering the market.

[Ultima]

I have found this website to be a very useful source of information on the economy, gold, and silver.

http://goldismoney.info/forums/

[winner3000]

Stock market is in a bubble.
Bond market is in a worse bubble.
Real Estate prices are relatively high.
Gold has been depressed for years.
Gold miners are not making any $ because the price of gold is equal to or below their price of production and replacement. Some are trading at below cash.

It’s a great opportunity for value investors with patience and ba**s, who can truly invest for the long term with $ they know they won’t need for the next 5 years.

[Red Badger]

will deal in direct physical gold sales rather than in paper futures and derivative contracts.

Smart move.............for them.....................

[Bogey78O]

The Chinese smell the blood in the water. They’re making their move to upset the apple cart.

Christmas will be very interesting this year.

[mjp]

a representative from the Shanghai Gold Exchange announced that they are planning on establishing a new physical gold price mechanism by the end of the year that will compete with London and the U.S. Comex.

I would like to see the end of manipulated depressed prices. With the outrageous inflation of the US money supply since oduma took over, the price of gold should be much higher.

[blam]

China Politburo Opines On Market Crash: "Black Friday Massacre"

"Big trouble in big over-leveraged China..."

[ckilmer]

score one for the gold bugs. a price reset