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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (4874)	5/23/2005 5:48:19 PM
From: RealMuLan	Read Replies (2) \| Respond to of 6370

What about a unified East Asian currency? just like Euro for EU. It is not a matter of if but when for its birth. I read that currently about 50% of trade in East Asia are done among themselves. The US$ already is not an option as the main reserve currency, and every one knows that. Although it may take a couple of years for the transition. here is an article on the issue. iht.com As for gold backed Yuan, I have not seen any serious discussion about it in China, so I don't think it is a possibility in short or even medium time frame. That said, if the gov. wants RMB stronger, it does not have to openly back RMB with gold. All it needs to do is to encourage regular Chinese people to collect the gold under their own names in any form, whether it is gold coins, or gold jewelry<g>. We have 5 billion people living in cities now, one oz of gold per capita (city resident only) on average will be 14 million tons of gold<g> Will that make RMB stronger<g>?