All that gold coming back to me
is against all odds and that's what I've got to face.

FTFA: "The yuan is a denomination of China's currency, the renminbi."

Wow, a clarification that leaves things less clear than they were before.

I prefer to use Dosh4Gold

Not sure about Cash4Plutonium though

Seth'n'Spectrum: FTFA: "The yuan is a denomination of China's currency, the renminbi."

Wow, a clarification that leaves things less clear than they were before.

I've only ever heard of it as "yuanminbi."

And yuanminbi means... yuanminbi.

PhiloeBedoe

We will have their gratitude.

Seth'n'Spectrum: FTFA: "The yuan is a denomination of China's currency, the renminbi."

Wow, a clarification that leaves things less clear than they were before.

It's quite the same for the UK: The currency is the "sterling", the money is printed in "pounds".

Here is what I wonder: If the Bank of England wanted to devalue the pound, would they say "1 sterling = 2 pounds, henceforth"?

Subby: let me be the first to nominate this for the Worst Pun of 2011

/nice work

I see the Chinese gold farmers are moving into actual reality now that Blizzard's got their pets for cash program

Thats No Moose: It's quite the same for the UK: The currency is the "sterling", the money is printed in "pounds".

Here is what I wonder: If the Bank of England wanted to devalue the pound, would they say "1 sterling = 2 pounds, henceforth"?

The British analogy half-works. I don't know how formal the sterling/pound relationship is, but the yuan/renminbi one is very, very loose and informal. They're more like synonyms, rather than being in a strict denomination/currency relationship.

In b4 "gold is worthless because it's not food or bullets."

Thats No Moose: Seth'n'Spectrum: FTFA: "The yuan is a denomination of China's currency, the renminbi."

Wow, a clarification that leaves things less clear than they were before.

It's quite the same for the UK: The currency is the "sterling", the money is printed in "pounds".

Here is what I wonder: If the Bank of England wanted to devalue the pound, would they say "1 sterling = 2 pounds, henceforth"?

I think you got that around the wrong way. Coins/notes are printed in pounds-stirling ... that is the currency. Pounds are the units of account: how you can talk about money in an abstract fashion, not necessarily referring to any particular coin/note. A nice clear example of a unit of account would be be 1c Australian ... there's no 1c coin here (5c is the lowest coinage). But 1c still exists as a division of the dollar (e.g., shops can charge 99c, just they won't give you change from $1, or if they charged 96c, you'd only hand them 95c worth of change).

To sort of translate that into dollars, think: renminabi/pounds-sterling = $1,000; yuan/pounds = fact you could alternatively say "a grand" or "1k" and everyone still knows what you're talking about, even though there's no $1k note. The first is what is written on currency, the latter is how you speak about money in a general/abstract way.

So if England devalued their currency (coins/notes stayed the same, but were worth less), you could (technically) say 1 pound-sterling now = 1/2 a pound's worth of old sterling. (It'd still be 1 stirling = 1 pound in common language though.)

LiquidSky: A nice clear example of a unit of account would be be 1c Australian ... there's no 1c coin here (5c is the lowest coinage). But 1c still exists as a division of the dollar (e.g., shops can charge 99c, just they won't give you change from $1, or if they charged 96c, you'd only hand them 95c worth of change).

<TANGENT>

If only we could make it so in the US.

</TANGENT>

// DNRTFA, but subby gets a liter +1 for the headline
// because how often can you make a "bullion-to-yuan" joke?

Little_Dictator: I prefer to use Dosh4Gold

Not sure about Cash4Plutonium though

I like Cats4Gold (new window).

starvethemonster: In b4 "gold is worthless because it's not food or bullets."

Gold can be turned into bullets.

Super werewolves invade your economy; look who's laughing now.

I heart subby.

Sensei Can You See: +1, subby.

But yuan is the currency only in mainland China. Hong Kong uses the Hong Kong Dollar.

I thought they used Kongbucks

That's some good headline writing work there, Lou.

+1

OneNightStand: Subby: let me be the first to nominate this for the Worst Pun of 2011

/nice work

And consider it seconded.

Today I found evidence of good things coming from Hong Kong:

Nguyen are they doing this again?