Re: Chinese Yuan backed by Gold

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In Response To: Re: Chinese Yuan backed by Gold ()

lol ... but which TPTB, eh?

The yuan-denominated gold fix will be launched on the Shanghai Gold Exchange this morning,
with the benchmark price at 257.97 yuan (US$39.83) per gram,
said a statement released by the exchange yesterday.

http://www.shanghaidaily.com/business/energy/China-to-launch-gold-benchmark/shdaily.shtml

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