SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (67975)11/10/2010 10:21:48 PM
From: Maurice Winn1 Recommendation  Read Replies (3) of 217575
 
Hawk, the US$ is free marketed. The yuan is set at a fixed price [near enough for government work] in US$. That makes it a free market. China can pixelate $squillions of them just as the USA does with US$. The yuan gets dragged up and down with the US$ whether they like it or not.

I'm sure there are futures contracts which people can trade for yuan. It would be surprising if Goldman Sachs and co don't have such contracts so that people can place $billion bets.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext