2011-09-28forbes.com

In June you'll be able to buy spot gold or futures contracts in China. It also means that the Chinese currency- not dollars-- will for the first time become the ruling currency used in one of the major speculative commodities of our age. All eyes will be on the influence of the gold trade in China rather than New York, London, Switzerland or South Africa.

Another reason for registering the reality of gold as a trading vehicle, an investment for households, central banks, hedge funds, endowments. Another bullish force behind the powering of gold prices higher.

No wonder George Soros has bought back some or all of the gold position he sold around $1600 an ounce.


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