these change everything in 2016There is a new all physical market called the ABX, and in April the Shanghai Gold exchange will be releasing a gold spot price denominated in Yuan. The ABX and SGE are physical fully allocated exchanges. If the COMEX lowers the spot price, then the producers will simply sell their metals on an alternative exchange. The COMEX and LBMA system can set the price to $1.00, but if no one can buy the metal, then the exchange is meaningless.