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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (92017)	12/20/2002 8:52:03 AM
From: DeplorableIrredeemableRedneck	Read Replies (1) \| Respond to of 116791

An aberration. Chinese affluent are a clicky bunch. What is in today will be cast aside like last years thong. You should know this. When the luster wears off, they will return.

To: Richnorth who wrote (92017)	12/21/2002 12:59:33 PM
From: long-gone	Respond to of 116791

<<Chinese ditching gold for platinum >> Story put out by the shorts, betting the byline was "Reuters". MoneyNews.com(Division of Newsmax.com Chinese Shoppers Get the OK to Buy Gold For the first time since the Communist Party took power in China in 1949 Chinese citizens can now buy gold bullion. Gold bars were on sale in Bejing and Nanjing this week, ranging from 10 grams to one and a quarter kilos, the China Daily newspaper reported. Shoppers stood in line to buy gold at department stores, BBC News said. Chinese officials hope by easing restrictions on gold a new investment outlet for China's huge pile of household savings - worth nearly $1 billion - will ensue. Analysts believe demand for gold will rise as local economists forecast the country's gold demand doubling admist the opening up of the business as well as rising gold prices due to political tensions in the Middle East. However, the BBC News reports the price of gold in the shops cannot be as sensitive as the Shanghai Gold Exchange (SGE) and the stores will not change prices too frequently. The gold price in China is set by the SGE when China ended the state monopoly on pricing gold two months ago.