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<p>[QUOTE=&quot;Cloudsweeper99, post: 1264298, member: 3011&quot;]The new exchange increases the demand for gold without increasing the supply, so it should have a positive effect on gold prices over time.&nbsp; How much is anyone&#039;s guess.&nbsp; China seems to be trying to increase the amount of gold they own and can lay their hands on in a pinch, so there is probably a political/economic motive as well.&nbsp; The idea that China intends to launch a gold-backed currency seems pretty farfetched to me.&nbsp; They are fiat lovers just as all central bankers are.[/QUOTE]</p><p><br /></p>

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