POLITICAL CONCERNS IN TAIWAN, PRECURSOR TO RENMINIBI RE-ALIGNMENT, OR JUST WHOLESALE DISTRUST OF US$
Submitted by Don Stacey
May 5, 2005
Why the crossover in 2005? I don't know what the element of nervousness could be in Taiwan except for the renewed threats from mainland Communist China. Interesting that the Taiwanese crossed over in 2005 to trusting gold more than the US dollar. Even more revealing could be an indication as to what the Chinese mainland response to gold buying would be if the renminbi became detached from its US$ peg.
Following the bullying of Taiwan by the Communists and our own federal government is reminiscent of the Confederacy never being left alone to 'go their own way.' Just like the US southern states, Taiwan has strong cultural and societal ties with their mainland citizens.