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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (144)	7/16/2005 9:04:57 PM
From: Wade	Respond to of 50191

I agree that Chinese will buy gold after it is allowed to trade between their citizens. However, I am not sure about the extent of that impact to POG. Just wonder if Chinese citizens have good reasons to hold gold if Yuan keeps on appreciating against US Dollar....in the coming months and years... Yes, it will be cheaper to buy gold if Yuan strengthens...but the gold in their hands will worth less than what they paid before. Will they buy gold if they see POG in Yuan keeps on dropping? Of course.. unless POG in USD can catch it up in time. We shall see. This is going to be interesting.