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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: B.REVERE who wrote (24657)10/29/2002 12:11:47 AM
From: Snowshoe  Read Replies (1) of 74559
 
Now the exchange will be taking over the price discovery role and the nation's gold industry will be thrown from its cozy protected world, where all output was sold to the central bank at a fixed price, into the cut-throat world of efficient markets.

Nice to see a modernizing country like China face up to reality and set gold free to trade on the open market. Must be a real disappointment to all the anachronistic gold bugs around these threads who think the government should fix the price of gold!
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