Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices
ArticlesNewsFlowGold & Silver PricesMarket Briefing

Which gold price are new trade transactions using?

IMG Auteur
Chris Powell
GATA
Published : April 26th, 2012
135 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Disclaimer
Category : Market Analysis

 

 

 

 

Our friend J.S. writes: "It has been all over the news as well as in GATA Dispatches that countries are starting to use gold to facilitate their international trade. Since paper gold is much greater than the supply of real metal, do you know if these international trade transactions in gold are using the paper price or are they revaluing gold upward to reflect the scarcer supply of real metal?"

This is an excellent question. GATA doesn't know the answer but if we were paying in gold, as China is said to be doing, and if we knew about the gold price suppression scheme, as China does --

http://www.gata.org/node/10380

http://www.gata.org/node/10416

-- we well might ascribe to our gold a value much higher than the price reported by the futures markets. But we can only guess.

 

 

Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
error

 

 

THE REQUESTED URL IS UNCORRECT

World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
error

 

 

THE REQUESTED URL IS UNCORRECT

Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lithium mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.