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<p>[QUOTE="Cloudsweeper99, post: 1290731, member: 3011"]I would like to check this out a bit more carefully before giving it the bullion investor stamp of approval.</p><p><br /></p><p>In what way is it more transparent? Are they going to make every trade and holding public so we can see who is buying or selling?</p><p><br /></p><p>Is the government of China a more trustworthy custodian than the Comex warehouses which have long track records?</p><p><br /></p><p>Why would either market be THE benchmark if arbitrage between them is possible?</p><p><br /></p><p>Why is it bullish for metals to have another outlet for shortselling, but no more physical gold in the world?</p><p><br /></p><p>What is the basis for believing that a brand new market will be less "corrupt" than one with a long track record of successful operation?</p><p><br /></p><p>Is the legal system in China more investor friendly than the US? On what basis?[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1290731, member: 3011"]I would like to check this out a bit more carefully before giving it the bullion investor stamp of approval. In what way is it more transparent? Are they going to make every trade and holding public so we can see who is buying or selling? Is the government of China a more trustworthy custodian than the Comex warehouses which have long track records? Why would either market be THE benchmark if arbitrage between them is possible? Why is it bullish for metals to have another outlet for shortselling, but no more physical gold in the world? What is the basis for believing that a brand new market will be less "corrupt" than one with a long track record of successful operation? Is the legal system in China more investor friendly than the US? On what basis?[/QUOTE]
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