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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: m.philli who wrote (7487)8/29/1999 8:42:00 AM
From: sea_urchin  Read Replies (1) | Respond to of 81296
 
Mike : Now I see where you are coming from.

That fantasy about every Chinaman buying a gold coin was hawked around Kitco years ago. Very catchy idea but simply another myth disseminated by goldbugs. So far, most of the Chinese can barely afford food. Chances are China will devalue because its economy is so bad. The government may be buying some gold with its eye on devaluation but very few of its citizens can.