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To: Ahda who wrote (59890)10/17/2000 10:19:56 PM
From: Rarebird  Read Replies (1) | Respond to of 116764
 
It is called short term greed; but not very prudent long term. As for manipulation, which is a feature of human creativity, you should talk to Richard about that. He is the one who is constantly using that term and referring to it as "evil".



To: Ahda who wrote (59890)10/17/2000 10:39:50 PM
From: Alex  Read Replies (1) | Respond to of 116764
 
WGC Holds China Gold Economic Forum in Beijing in October
(Full text of a statement. Contact details below.)
HONG KONG, Oct. 17 /HK PRNewswire-AsiaNet/ -- The World Gold Council (WGC) will hold the 2000 China Gold Economic Forum on October 26 at the Kerry Centre Hotel, Beijing.

In November 1999, WGC held its first China Gold Economic Forum which outlined a three-phase scenario for the deregulation of China's gold market based on the research study undertaken by world-renowned Chinese economist, Professor Fan Gang.

2000 China Gold Economic Forum, sponsored by AngloGold Limited, will further chart the reform progress of China's liberalisation of its gold market, focusing on the conditions and requirements for establishing a gold exchange and/or an over-the-counter (OTC) market in China.

Discussions will also be made on tax matters relating to gold jewellery in light of further liberalisation of the gold jewellery trade both worldwide and in the region.

At the forum, a research paper entitled "Opening and Development of China's Gold Market in the New Century: Related Policy Research and Recommendations" will be released and discussed.

Prepared by the Industrial Economics Research Department of the Development & Research Centre, a think tank of the State Council, the research paper will explore major technical issues underlying the deregulation of China's gold market, and will give recommendations on how the deregulation is to be carried out.

Albert Cheng, Regional Director of WGC, East Asia, said: "2000 China Gold Economic Forum provides an excellent opportunity for sharing information on the deregulation of China's gold market. Market veterans from the gold markets in London, New York, Tokyo and Hong Kong will explain their market operations and will exchange views on the mechanism for running today's gold markets."

Speakers at the forum include Ian MacDonald, Vice President of Precious Metals, Commerzbank, New York Branch; Fung Chi-kin, President of Chinese Gold and Silver Exchange Society, Takio Umezawa, President of Sumisho Precious Metals; Robert Guy, Director of N.M. Rothschild & Sons, London; Mark Lynam, Treasurer of AngloGold Limited; and Dr Liu Shijin of the State Council's Development & Research Centre.

The World Gold Council, an association of the world's leading gold producers, is dedicated to the promotion of gold.

AngloGold is the world's largest gold producer, accounting for 9 per cent of the global gold output. It owns substantial gold reserves and operations in a number of countries, including South Africa, Mali, Namibia and North and South America.

Contact: WGC, Hong Kong Office Tel: 852-2521-0241

sg.dailynews.yahoo.com