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50
American in Japan
2011 Aug 30, 10:20am
American in Japan
2011 Aug 30, 10:20am
Actually, I currently have no Chinese yuan myself, just in case anyone was wondering (and haven't for years).
51
Heraclitusstudent
2014 Apr 1, 9:11am
Heraclitusstudent
2014 Apr 1, 9:11am
That they are crooked, socialists, fascist slavers is irrelevant.
What you need to know about investing in the Yuan is this:
> M2 money supply rose 13.6 percent from a year earlier, the central bank said.
(assuming you believe them). (and that's a credit crunch in Chinese terms).
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It will be interesting to see if this currency is made more available in the US (from currency exchanges to foreign currency savings accounts).
http://blogs.forbes.com/robertlenzner/2011/01/12/you-can-now-buy-chinese-yuan-in-new-york/
http://consumerist.com/2011/01/you-can-now-open-a-chinese-bank-account-and-invest-directly-in-yuan.html
http://www.marketwatch.com/story/china-to-boost-yuan-to-fight-inflation-rhodes-2011-04-12
Has anyone had any experiences trying to buy this currency in the US?
#investing