China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (4875)	5/23/2005 9:39:10 PM
From: regli	Read Replies (2) of 6370

A unified currency would make a lot of sense in my opinion. However, it still would need to be backed. The Euro does have gold backing though clearly not convertibility. sandiego.indymedia.org "Euro advertisements in Europe stress the importance of gold reserves for the euro. First, euro advertisements tout the European public perception that the gold reserves of the Euro-zone nations strengthen the euro and also strengthen Europe's economy. The euro ads also proclaim that most Europeans believe that gold reserves create confidence for strong economies. Thirdly, the euro ads proclaim that the vast majority of Europeans believe that the ECB should have gold reserves equal to the national gold reserves. And, the euro ads proclaim that the gold reserves of the Euro-zone central banks are the world's largest and they create public confidence in the euro." The primary reason why I believe that China should consider a peg to gold is that it would likely stop repeated requests for revaluation. I contend that this present push will only be the first of many as Japan can attest to especially during the 80s. Message 21352189

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