L'or coté en yuan faisait trop peur à JPM & co... Ils auraient réussi à tuer le PAGE avant son lancement.
Mais... les initiateurs du projet seraient en train de lancer une nouvelle place de marché équivalente.
I want to get to the good news. The original people behind the international PAGE contract, they stepped aside from PAGE when it ran into this interference (from the New York based entity). They moved to set up their own dedicated international exchange.
It’s been in the works, quietly, for many months now and we will soon be able to announce the first official trading day.
http://kingworldnews.com/kingworldnews/ ... arket.htmlPlus d'explications ici :
http://www.gata.org/files/PAGESquashed.pdfThis blocking tactic at board level effectively stopped the progress of the fully-allocated spot contract in its tracks, and it was
immediately clear to the international-facing people that something fundamental had changed internally. Interestingly, the key
Independent Director of this small listed entity that blocked the timely roll-out of PAGE is a well-known Western banker within
China, whose CV includes work for the Federal Trade Commission, the Sloan Foundation (related to MIT) and his wife is a member
of the Council on Foreign Relations. Whether this intervention respect of the platform was nefarious or not, it was understandable
that the people behind the international-facing fully-allocated contract decided to step aside from PAGE and set up their own
dedicated exchange. More on that in a moment. Following on from this removal of the 1:1 international contract, the domestic
and leveraged PAGE Gold contract (via the Agricultural Bank) also subsequently went the way of the dodo, thanks to the wellpublicised
People’s Bank of China (PBoC) announcement about control over domestic Gold trading outside of Shanghai. It
appears that the shiny Gold building constructed in Kunming City for PAGE will sadly remain (as elsewhere in China) a ‘seethrough’,
at least until the new Communist Party Politburo are voted in and the new political culture is embedded later this year
when who knows, the rules on Gold trading again may be relaxed.