Rumours of physical silver contracts in Hong Kong would not be good news for London and NY.

Regards - VHF

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Physical Silver Contracts Coming To Hong Kong…

Silver Shield

June 21, 2011

“Stay tuned –I can’t exactly say when we will be offering our silver contract,but rest assured it will be sooner rather than later.”This is according to my source at the Hong Kong Mercantile Exchange,yesterday.

With the advent of the Hong Kong Mercantile Exchange this is the first major market that is selling physical gold out side of the Anglo American control. The market will expand into all other commodities in due time. In fact the two most versatile commodities oil and silver could be a major tipping point in the seminal shift of power from the west to the east. While the west uses gangster techniques to force consent,the East has been investing their trillions into businesses ventures that secure real assets.

My hope is that with the opening of the HKME silver contract that this will severely limit the ability of the CME to raise margin costs mercilessly to try to kill the silver bull. If traders have another market to place their money,one that has much more friendly terms,the money will flow to there instead of being forced out of the market. I believe that the attack on silver was timed to be just before the opening of the HKME in the middle of May.

The other factor I think will be interesting to watch is how much silver is traded versus delivered. I believe that the grand majority of the trades are super computers trading in and out of trades trying to pick up pennies in front of this silver steam roller. According to the Andrew Macguire testimony,here are 50 to 100 paper contracts traded for every 1 ounce of silver delivered. I wonder what that will be in Hong Kong? I would feel much more comfortable buying silver in Hong Kong,because unlike the Anglo American Empire,China sentences people to death for crimes involving fraud. The United States used to have death penalties for forgery,now they just call it QE3.