Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (4301)	6/5/2001 7:15:02 AM
From: Crimson Ghost	Read Replies (1) of 74559

Jay: Comments? There was news today that China intends to open the Shanghai gold market on January 1st of next year. There remains a great deal of work to be done in this matter and I sincerely doubt that a free market will open at that time, nor any time in the foreseeable future. The latest "fly in the ointment" is the current 17% taxation on gold transactions, which will certainly cripple any attempts at a successful exchange. And there will be loads of other problems. Perhaps I am wrong (I often am....), but I see such official pronouncements as simply propaganda for some purpose only known to the issuing country, China. Leonard Kaplan

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