中国基准价格将源自上海黄金交易所新的1千克合约为保证透明度，合约每天将交易几分钟。
此前华尔街见闻报道，伦敦洲际交易所(ICE)2月初曾宣布LBMA黄金价格将从3月开始正式取代伦敦黄金定盘价，而中国多家银行或将参与设定黄金定盘价。
2014年10月，中国第二大国有银行建设银行宣布成为LBMA普通会员，工商银行和中国银行也是LBMA会员。
目前的伦敦黄金定盘价由法国兴业银行、加拿大丰业银行、花旗和巴克莱这四家银行，每天通过电话会议，根据各自的买卖盘价格，分别报出买入价和卖出价，据此确定价格。这四家银行去年7月时均发表声明称，会将黄金基准定价的管理权移交给新的第三方机构。
It seems the longer the Federal Reserve and its representative bullion banks keep a manipulative lid on the price of gold using paper gold naked shorts, the more physical gold the Chinese buy:
From PM Fund Manager Dave Kranzler, Investment Research Dynamics:
We can see elevated gold purchases on wholesale level (SGE withdrawals) of late, rapidly being sold to end consumers in the shops at the moment. China Gate News Channel reported on January 3rd a “stampede phenomenon” in a shopping mall in Beijing, were gold was sold at a rate of 400,000 yuan per minute (Bullionstar.com)
On the Shanghai Gold Exchange itself, another 59 tonnes were withdrawn last week (Bullionstar.com). That makes a total of 374 tonnes YTD, which is up 17% year over year. Please note: This does not take into account the amount of gold being accumulated by China’s Central Bank, The Peoples Bank of China. The PBOC is the only entity in China that is not required to source its gold from the SGE. Here’s a snapshot of the of the massive gold accumulation going on in China (source: goldchartsrus.com):
It is highly probable that China’s gold accumulation, including whatever amount the PBOC is taking down, exceeds the annual global mine supply. While the Fed/US Government maintains a tight policy of using paper gold to suppress the natural market price, the eastern hemisphere continues to gorge on cheap gold. By the time the mainstream in the west wakes up to what is going on, it will be too late.
While everyone is currently worried about what will happen to the euro and the EU if Greece defaults on its debt, one has to wonder what will happen when the west – specifically the Fed/bullion banks – defaults on its massive paper/leased/hypothecated gold short position, the size of which dwarfs the amount of outstanding sovereign Greek debt.....
