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

To: Moominoid who wrote (36757)7/9/2008 5:24:09 PM
From: TobagoJack  Read Replies (1) | Respond to of 217574
 
just in in-tray, and so lovely too
the reasons for Vietnam's government banning gold imports become a bit clearer - gold is beginning to displace the dong in commercial transactions.

snip:

""Seeking buyers for a house of 42 sq m x 4 storeys at No 79 Cau Giay alley. Price VND1.65bil or 88 taels of gold". Advertisement pieces like that can be seen in many local newspapers. Landlords now prefer making transactions in gold instead of VND for fear that the VND will further decrease in value, while the gold price keeps rising."

linking to the google chache of this article, the original proved inaccessible:

209.85.129.104




To: Moominoid who wrote (36757)7/10/2008 5:00:22 AM
From: Haim R. Branisteanu  Respond to of 217574
 
Short term as there is anticipation of a world wide slowdown - so the nervous speculators are closing positions


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