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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Taikun who wrote (56501)11/26/2004 3:27:19 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
On any monetary gold bars in China, the premium is 20% over the USD price of gold outside of China, and so ...

... no, I am not buying any in China
... FYI, this is why I think that should the RMB actually float, as opposed to artificially re-pegged, RMB may fall 20% against the USD, as opposed to rise 20% (although the initial reaction might be a rally due to foolish overseas money looking for a joy ride)

Chugs, Jay