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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (36699)	7/7/2008 10:50:03 PM
From: Amark$p	Read Replies (1) \| Respond to of 217591

thanks, that is what I was thinking, not covering their cost in such a high rent district at that small markup... "buy at spot minus rmb 10/oz, and sell at spot plus rmb 10/oz, not covering cost - just advertisement." And they take credit cards...?, surely they would mark up the transaction for the credit card transaction fee... With prices like that, I think this should be your primary gold shop...! Buy a 1000 oz and get put it on your charge card and redeem for credit card airline miles to pay for the airfare...! If they actually do this, then maybe I travel to Beijing real soon!! Please advise.

To: TobagoJack who wrote (36699)	7/8/2008 11:31:21 AM
From: RJA_	Read Replies (1) \| Respond to of 217591

>>question: how many govts in the world encourages gold trade? The US used to. GB used to. My understanding is that there is still no income tax on gold transactions in GB (any citizens of GB please correct me if I am wrong) as it is still considered money of sorts. It seems that you have to be very prosperous and have absolutely no fear for the value of your paper money to encourage gold trading. Cause if you have no fear for the value of your paper, why not encourage gold trading. This has been true of the previously strongest trade surplus countries in world history, (GB and then US) and bodes well for the current China. Not so well for US, or GB. Switzerland is still quite gold friendly, and runs a surplus (as of the last numbers I saw).