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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (211903)12/31/2002 4:35:53 AM
From: TobagoJack  Read Replies (2) of 436258
 
tippet, <<that Mogambu gru dude has some interesting ideas concerning China allowing their citizens to buy gold -- why now? is a good question>>

Message 18356846 is the long answer, and for those preferring sound bites ...

(a) gets population's mattress money where they can be seen and accounted for, and where if they want to spend it, they need to go to the bank for exchange into fiat cash

(b) diversifies population savings away from USD

(c) prepares the country for open capital account

(d) prepares the way for political reform Message 18356846

Chugs, Jay
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