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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

Metals & Mining Gold

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Devaluing the Yuan
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Post by Mallard2 on Jul 25, 2012 2:56pm

Devaluing the Yuan

Caliche - I have just read that China is going to devalue the Yuan. What, if any, effect would that have on the price of gold?
Comment by caliche on Jul 26, 2012 6:55am
Hi Mallard..   who knows.. nothing makes sense anymore..   my honest opinion is it doesnt matter.. BUT ..putting my thinking cap on i would say devaluing the yuan makes chinese exports cheaper allowing their economy to chug along and grow by more then the feared 7.5% which is absurd cause 7.5% growth is massive..   it would make internal demand for gold weaker since in yuan it would ...more  
Comment by Mallard2 on Jul 26, 2012 10:17am
It does and I always appreciate your insight!
Oromin Explorations Ltd
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