http://www.interfax.cn/news/20794 & http://articles.economictimes.india...l-gold-gold-investment-demand-spdr-gold-trust Seems China is about to launch their own Gold ETF later this year, perhaps coinciding with the August 31st re-launch of the Shanghai Gold Exchange (see: http://www.prweb.com/releases/2012/8/prweb9771749.htm). I've been pondering what this would mean for global gold investors having the options of western paper gold and soon also eastern. according to one of the articles above the price of these eastern ETFs will be tracked against the SGE spot price. This coupled with the recent acquisition of the LME by China's HKE would give China much greater influence on the prices of precious metals and metals in general. Perhaps even the muscle to ignore western price manipulation, or partake in a little manipulation of their own. It's no secret China aspires to increase their gold reserves to challenge the hegemony of the US petro-dollar, and a low buy price could only speed up the timetable to realize this ambition. Also a carefully orchestrated bull run with some opportune buy in dips could only bring us closer to that fateful day that the shelves are all bare at the comex, (if they are not already leaving the Chinese gold ETFs as the only option on the block.
