If they do, buying some yuan currency now could be a profitable proposition...
Gold skyrockets and falls
just saw a report with the chief economist of st george (dunno why they have that when eastpa has bill) saying how that old saying of the fine roman gent with his splendid thresds and new squeaky sandals for an ounce of gold no longer applies becasue you cant buy a deent suit for that anymore?? how much does a suit cost now?? his argument was that gold is not a good store of wealth anymore
in the answer to the above is yes to any one of the 3 then my view is very different.
you tell me first
I've recently read that with a stronger Renminbi or Yuan, Chinese purchasing power increases and they will spend more externally (good for the Aussie mining companies) and internally (goods and produce)- Good for Chinese Stocks and Real Estate?