Wednesday, August 31, 2011
Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Ned Naylor-Leyland (http://www.cheviot.co.uk ) and James Turk, Director of the GoldMoney Foundation, talk about how the new Pan Asia Gold Exchange (PAGE) will change the price discovery mechanism for gold. Ned explains that the futures market currently takes the lead in price discovery over the much larger spot market and how this may change once PAGE starts to operate.
PAGE will provide a valuable alternative because its fully backed, allocated gold contract will provide a better title, closer to physical, than unsecured unallocated contracts.
This interview was recorded on August 5 2011 in London.
This week Max Keiser and co-host, Stacy Herbert, discuss Anonymous joining #occupywallstreet while President Obama does dirty banker deal. In the second half of the show Max talks to fund manager, Dan Collins, about how the Chinese 'redback' may displace the ever devaluing American 'greenback' in world trade.