Hey Guys, so based on the title I was hoping to get some discussion going on the upcoming Chinese exchange opening. Like everyone else, I'm watching the price like a hawk to see what silver is doing and when, presumably, the inevitable silver rocket takes off.
A certain quote worried me in the second link;
China now implores the U.S. to safeguard the dollar.
When Secretary of State Hillary Clinton visits Beijing, U.S. debt
is as much on the agenda as human rights. Europe looks to China to help its ailing economies avoid the need for an International Monetary Fund bailout. Japan curries favor with Washington
with pledges not to dump its own dollar holdings.
All this has led to fascinating diplomacy.
Safeguard the dollar? Will this new exchange take silver and gold to more proper prices (way up), or is it just a second outlet to destroy silver and protect the USD for a while longer?