Thursday, December 23, 2010

Vietnam Gold Story


Nong Nam has been steading grinding away saving her hard earned cash. However the young nurse won't be putting her money in a local bank, with the value of the Vietnamese currency slowly dropping. Nong Nam has made the wise investment decision of gold investing seeing gold being a much safer bet.

Jewelry shops and pawn brokers, back street money changers have had a sudden influx of customers over the last few weeks, desperate to dump their Vietnamese dong for $U.S or gold as the rapid Southeast Asian nation is buffeted by double-digit inflation and the near collapse of one of its largest government companies.
These problems have highlighted the dark-side of the Communist government's push for such fast economic growth, which has lifted millions out of poverty but  in turn helped created new problems that the country's technocrats are no able to control.


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