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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (37233)	7/29/2005 1:51:55 AM
From: regli	Respond to of 110194

I think it might depend on how much of a repricing of gold were to take place. China venturing officially into gold would quickly alter conventional wisdom and change the currency landscape completely. It likely is too bold a suggestion but as I mentioned months ago, if I were in China's position, I would consider it very seriously as it would insure the purchasing power of their reserves. There is no way that gold would decline significantly if an aspiring power like China commits to it. In fact, likely the opposite would occur. Admittedly, I wouldn't be unhappy about it either. <g>