November, 10 2010 10:30:00
The price of gold has dropped from its record high after the State Bank of Viet Nam announced on its web site yesterday that it would allow the precious metal to be imported for a third time this year.
Do you have any direct experience with the up and down of the gold price and dollar price in Vietnam? What do you think this means to the economy?
Actually, I have not had any direct experience but I sometimes read news about this fluctualation. I think this caused by some tycoons in Vietnam. They posses most of gold in Vietnam and they can adjust gold price if they want. Recently, the inflation rate is too high. It makes me feel something wrong with the economy. I am afraid of that I will be starved someday.
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