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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Think4Yourself who wrote (42276)	4/20/2005 7:55:17 PM
From: CommanderCricket	Read Replies (1) of 206161

JQP, What makes you think the RMB would go up if allowed to float? The chinese banks are under capitalized (being polite here) and if given a choice would you hold your money in RMB? Additionally it is very difficult for a foreign company to repatriate profits from China (the company I worked for certainly had a problem with it). I suspect once the RMB is free to float, many companies will sell RMB and get back into their own currencies. Not claiming this would happen but most of what I've read argues for the RMB to rise in value. I don't buy the argument the Chinese economy is going to collapse. Not going to happen. Michael

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