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Shanghai Gold Exchange raises fix price to $6000/oz

cohodkcohodk Posts: 19,087 ✭✭✭✭✭
edited August 16, 2017 5:18AM in Precious Metals

http://uncyclopedia.wikia.com/wiki/UnNews:Shanghai_Gold_Exchange_quintuples_gold_price

I guess they did establish that price discovery we were all so anxiously anticipating.

Excuses are tools of the ignorant

Knowledge is the enemy of fear

Comments

  • LukeMarshallLukeMarshall Posts: 1,982 ✭✭✭✭✭

    I ain't seeing it

    It's all about what the people want...

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Looking at Kitco, no movement in gold... silver 'seems' to be making a move....I would think if this was reality we would see much more about it.... Cannot see China paying $6000 an ounce... Cheers, RickO

  • BillsonBillson Posts: 77 ✭✭✭
    edited August 16, 2017 9:08AM

    @cohodk said:
    http://uncyclopedia.wikia.com/wiki/UnNews:Shanghai_Gold_Exchange_quintuples_gold_price

    I guess they did establish that price discovery we were all so anxiously anticipating.

    I just took a quick look. the article is dated January 1, 2015. That's old "fake news". On the top it says "Welcome to the Mother Ship of amateur comedy writing!"

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  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    l> @Billson said:

    That's old "fake news". On the top it says "Welcome to the Mother Ship of amateur comedy writing!"

    coho is an amateur economist AND and amateur comedy writer.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,087 ✭✭✭✭✭

    I was wondering how long it would take. ROFL

    Amazing how I had to post this to finally get an answer to my question about the price of gold at the SGE in another thread. Seems the price on SGE is the same as COMEX. Interesting how one was touted as a manipulator and the other true. Now that is funny!!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    OK... yep... got me... I usually check these things first.... :D Not sure why I did not ... Cheers, RickO

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