Music Weekend (2 of 13)
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FEEDPreface to all posts: in an effort to get me out of a lifelong rut of
avoiding humans and events at all costs, some friends are having me spend
the wee...
2012-10-10
Chinese customer buys 95-kilo gold bar for 35,000,000 yuan
A Chinese customer at Caibai bought a 95-kilo bar. He frequently buys and sells gold, this time making a huge purchase due to QE3. He sees gold breaking $1800 an ounce. In USD, his purchase is worth more than $5 million. Were gold to rally $50, this customer would stand to gain about $150,000 or close to ¥1 million。
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