http://www.goldbuyingguide.com/blog/buying-gold-in-foreign-countries/ Fri, 18 May 2012 01:19:45 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.goldbuyingguide.com/blog/buying-gold-in-foreign-countries/comment-page-1/#comment-359 I. B. Zoxx Tue, 10 Feb 2009 09:34:47 +0000 http://www.goldbuyingguide.com/blog/buying-gold-in-foreign-countries/#comment-359 Actually, the exchange rate between the US Dollar and the Chinese Renminbi is fixed by the Chinese government. That creates the perception that the US Dollar is maintaining its value there. As you may be aware, the US has been putting pressure on China to sever that link, which would cause the Chinese Renminbi to appreciate rapidly against the dollar (which would also make Chinese goods more expensive in the US and make US goods cheaper in China. In the mean time, buying gold there may not be a bad idea. I don't know of any restrictions on exporting gold from China. You may have to pay customs in the US, though. Actually, the exchange rate between the US Dollar and the Chinese Renminbi is fixed by the Chinese government. That creates the perception that the US Dollar is maintaining its value there. As you may be aware, the US has been putting pressure on China to sever that link, which would cause the Chinese Renminbi to appreciate rapidly against the dollar (which would also make Chinese goods more expensive in the US and make US goods cheaper in China.
In the mean time, buying gold there may not be a bad idea. I don’t know of any restrictions on exporting gold from China. You may have to pay customs in the US, though.

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