And a bit more...

"The Pan-Asian Gold Exchange is a PHYSICAL market. They have to buy and take delivery of the physical metal reflecting the bets their clients place. As an incredible amount of physical gold is sucked out of the system the naked short sellers WHO ARE LEVERAGED UP THE CUZOO are going to be in a world of hurt because of the leverage. China is officially recommending to its people to invest in gold and silver.

Being a physical market the investors in these markets aware of the NSS-ing of these metals are going to aim their orders to a physical market and not a “fractional reserve” market. If a disparity between paper gold on the COMEX and physical gold on the PAGE (Pan-Asian) appears arbitrageurs can simply buy cheap paper gold and demand delivery and then sell in the physical market. All you need is one clean exchange to disrupt the dirty exchanges.

It should come as no surprise that the “custodians” of these “fractional reserve” markets are the parties holding the immense naked short positions. When those buying paper gold demand delivery they simply prolong the delivery process to cover their butts.

The most important points is that it is a PHYSICAL market, the bad guys are LEVERAGED up the cuzoo and a gazillion Chinese people are now being not only allowed but encouraged to buy these metals. China is not going to have a social security blow up down the road like we are. Just yesterday Bernanke declared that “gold is not money”. Gold is the only “money” without counterparty risk that can’t be printed at will. The “value” of gold (not its “price”) stays the same; it is the perceived value of the fiat currencies used to buy gold that moves up and down".