I found an interesting article about PAGE: Pan Asia Gold Exchange.
http://www.marketoracle.co.uk/Article32678.html
What caught my eye is that PAGE could literally obliterate the market manipulation as the US won't be able to play with margin requirements. If the US were to increase margin requirements, the price of gold in the US would go down, while the price of gold in China would be higher. Chinese would then sell their gold and buy US gold which makes the price go to equilibrium again.
Anoter important fact is that PAGE is 100% backed by gold, while GLD, COMEX etc... don't really have the gold.
Finally, PAGE will be the prerequisite for China to introduce the yuan as reserve currency.
- List of Correlations
- Bloomberg TV
- Stock Valuation
- Money Supply
- Dow Theory
- Potemkin Rally
- Central Bank Balance Sheets
- Fed Balance Sheet Vs. Dow Jones
- Percentage Debt Held by Foreigners
- Interest Payment on Government Debt
- Deficit to Outlay Ratio
- GDP Vs. PMI
- Wage Inflation Vs. Unemployment
- Wage Inflation Vs. CPI
- Capacity Utilization Vs. CPI
- Capacity Utilization Vs. Unemployment
- Initial Jobless Claims Vs. S&P
- Durable Goods Orders Vs. S&P
- Adjustable Mortgage Vs. Fed Funds Rate
- Fixed Mortgage Rates Vs. 30 Year Bond Yield
- MZM Vs. 10 Year Bond Yield
- Gold Vs. 10 Year Bond Yield
- Dow/Gold Ratio
- Gold Price Target
- Gold ETF Vs. Gold Price
- Silver ETF Vs. Silver Price
- COT Report Gold/Silver
- Gold Lease Rate
- Gold/Silver COMEX
- Silver Premium Charts
- China Gold Imports from Hong Kong
- Copper Contango Theory
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