A while back was some rumors about the gold situation in China. here is a link (registration required, but joecypher and a password of cypherpunk, works ;) http://biz.scmp.com/ZZZX15R7EOC.html quick bit of interest"Just over a week ago, as part of its ongoing deregulation drive, the government began setting gold prices on a weekly basis. This replaced the previous policy of resetting prices every six months, a system that had allowed large gaps between international and domestic prices to develop and encouraged exports. For the past 50 years, gold trading has been controlled strictly by the central People's Bank of China, which requires gold producers to sell their output to the PBOC at fixed prices. Analysts estimate that with deregulation, annual demand in China could triple to as much as 600 tonnes within the next few years, a volume that could pressure producers, judging by the planned output of 175 tonnes for this year. Growing affluence in the richer coastal cities, which has driven up sales of gold jewellery, has also squeezed demand for the metal. " PS:Thanks to all who offered to help out with the MS-gold the winning bid was 4.015g for 4.015g --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
