Japan?
This was on Future Money Trends, never heard this, is this true that Japan will also trade physical? Anyone hear this?
Japan Will Create A Big Upward Price Adjustment In Gold And Silver
Dear Reader,
The opening of the Shanghai Gold Exchange and Japan’s Tokyo Commodity Exchange, are a clear signal that eastern governments like China, Japan and Russia are no longer willing to play a rigged game and that they are preparing to allow gold to be freely exchanged on the open market in its physical form.
As highlighted in the SGT Report video update below, these developments coupled with supply-demand fundamentals and the massive up shift of capital into precious metals as a result of worldwide economic uncertainty, suggest that gold and silver prices are set to explode to the upside. Citing financial and economic experts, SGT Report notes:
The Japanese have recently sent physical gold shock waves around the planet with the implementation of physical gold trading at their Tokyo Commodity exchange… The news of this event was largely muted in the Western financial media… even the alt media blogosphere largely seemed to overlook the news… but this is a highly significant development because it signals a subtle shift in Japanese economic and monetary focus from West to East… it will also create a big upward price readjustment in gold and silver.
I read about it somewhere else perhaps linked from Kitco origianblly:
http://www.fow.com/3570333/Tocom-to-launch-first-physical-gold-contract.html
For subscribers only, it says now. I thought I read the whiole thing previously.
http://www.mondovisione.com/media-and-resources/news/tokyo-commodity-exchange-message-from-the-president-and-ceo-updated/
“TOCOM is striving to expand business to include OTC and physical commodity markets to create a “Comprehensive Commodity Market.” This would support the price discovery function.”