Dear MEL School’s
Topic Readers,
Dog 'sold for $2
million' in China
How much are you
willing to pay to become a pride owner of a rare animal, say a giant panda?
Well, you could do quick math to figure out how much return on investment you
could earn for the cutest popular animal because so many people will pay just
to see it. But what about a dog?
There was a deal
made to a Chinese breeder a staggering sum of two million US dollars for a rare
dog called Tibetan mastiff puppy which weighed 90 kilograms. The lion-look dog
is admired and symbolized by the rich in China and the trading prices are skyrocketing.
However, some of
such high price trades are said to be nominal insider trades between breeders,
meaning that some breeders bid and close deals at extremely high prices and
publicize them in an attempt to raise the market price.
Enjoy reading and
trying to figure out if you could make a good return on investment by breeding
such admired and appreciated pet dog.
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