Tuesday, December 30, 2008

SCARY ----- China to allow free Yuan trade .....................

China is going to allow fee Yuan trade, So what does it mean to US economy ?

We still love $, but not for too long, countries around the world have already started moving away from transaction in US $, so everyone is ready to take their self away, but no one wants it to fall sharply..

so long term effect would be bearish for the dollar and bullish for gold.

Link to original article....
http://news.bbc.co.uk/2/hi/asia-pacific/7799541.stm

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