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Australia to launch gold exchange next month

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posted on Sep, 20 2011 @ 07:16 AM
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Australia to launch gold exchange next month



Australia to launch gold exchange next month


Australia's first physical bullion exchange, an overthecounter (OTC) spot market for gold, silver and platinum, will begin operations Oct 4, the Australian Bullion Exchange (ABX) said in a statement on Tuesday.

Bullion would be bought and sold on the exchange through listed brokers, it said, adding it was targeting a number of large financial institutions to register as members.

"Australia is the secondlargest gold producer in the world; we should have a globally recognised exchange to accompany this position," said Thomas Coughlin, CEO of the ABX.



Welcome to the new gold order.


Related articles:
Australia’s first physical bullion exchange will begin operations Oct 4
Australia set to launch physical bullion exchange
edit on 9/20/2011 by wisdomnotemotion because: recode




posted on Sep, 20 2011 @ 08:12 AM
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In other news, treasurys slip, dollar stays down after home data


Treasury prices slipped and the dollar retained losses on Tuesday after a report showed U.S. housing starts fell more than forecast



 
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