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Hong Kong plans new gold-futures platform

April 29, 2011

This is kind of interesting. It seems like it allows retail investors to buy gold futures, then swing over to the airport and pick it up on settlement. I don’t think this is going to create a huge spike in demand, plus its for gold which seems to be pretty liquid (as opposed to silver).

The curious thing here to me is the access to which China is giving its citizens gold. I heard Porter Stansberry mention that he thinks China will make a surprised move to a gold backed Yuan, and that will cause a mad rush into the currency.
Interesting philosophy.

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