Precious Metals mutual funds (gold, silver, PGMs) Message Board

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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Larry S. who wrote (857)	4/26/2004 12:13:10 AM
From: Wade	Read Replies (1) of 972

Thanks Larry. You made me feel a lot better already. LOL Invest in China has to be for the long term. I agree with the view that China is over heated and they will face some correction sooner or later. I made small profits from those Chinese ADR stocks, but I was scared away when I saw their crazy movements. These stocks need big corrections before we see value again. Regarding their internal inflation pressure I think it was mainly due to tight currency controls within China. It is known that it is very difficult to move money out of China once it got in. They need to open the door to let the excess private money to flow out freely. These money can re-invest in the rest of the world instead of cooking their internal inflation pressure. Freedom of money flow is the key for Chinese to achieve balanced growth at low inflation. I think this is what David Ranson was trying to say. The bottom line is that China still need to work hard to improve freedom of business and money flow, because their account surplus is the other's deficit. This is so called free trade, which applies to not only goods but also money flow...imho. Wade

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