Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Chinese Yuan backed by Gold

R,
This article was sent to me this am by a trader who trades Gold. I should have suspected it - and I was a bit surprised to read this. I searched the web for confirmation and came up empty handed. Normally, the financial press would be all over this issue.

I often read Armstrong Economics - one of my friends swears by Socrates - I should have gone there first. He offers a sound argument challenging those who think that this "move" by China will propel Gold into the stratosphere. The Chinese aren't THAT dumb!

Thanx!