Results 1 to 2 of 2

Thread: An incidental piece of investment advice... for this year only.

  1. #1
    Featured Member thechaosfairy's Avatar
    Joined
    Sep 2005
    Location
    Dear Gods plz send money to Oregon K luv you bye
    Posts
    1,780
    Thanks
    0
    Thanked 13 Times in 12 Posts

    Default An incidental piece of investment advice... for this year only.

    If you want a reliable short-term currency investment that will increase in value over the next year or two, right now, buy Chinese Yuan Renminbi.

    I'm working for a school here earning Y7000/month. In October, this was worth about $928. One week ago, it was worth $994. Today, it's worth $998.50.

    That's about a seven percent rise against the US dollar, in SIX MONTHS, and it's been speeding up in the last few (in January, my paycheck was worth about $964, if I recall correctly.)

    Uncle Mao has been buying up foreign bonds as fast as his paws can handle 'em to artificially keep the RMB *down*, in order to keep dollars, euros and pounds rolling into the factories while the factories are still cheap, but it's going up fast anyway!
    Quote Originally Posted by red red red View Post
    Like super-fast, frenetic, chipmunklike stylized humping with this look on her face like "Kill! Kill!"
    Quote Originally Posted by iseestars View Post
    i think people like going to parties and clubs and looking like douchebags.

  2. #2
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: An incidental piece of investment advice... for this year only.

    that's very good advice. Unfortunately for Americans it's rather difficult to hook up with an investment in Yuan at a decent buy-in price. It IS possible to open a Yuan depository account, but you're totally gambling on the currency exchange rate gains since the account pays practically zip for interest.

    I would add that the Swiss Franc has been moving along the same trend as the Yuan, and that currency (along with many others, but unfortunately not the Yuan) ARE available to American investors at a decent buy-in price. I bought a Swiss Franc CD a few months ago.

Similar Threads

  1. investment advice from Alfred E. Neumann ...
    By Melonie in forum Dollar Den
    Replies: 0
    Last Post: 12-10-2006, 02:00 PM
  2. Replies: 2
    Last Post: 11-13-2006, 03:41 PM
  3. Incidental Exercise: what is it and why does it count?
    By GoldCoastGirl in forum Body Business
    Replies: 8
    Last Post: 12-17-2005, 10:45 PM
  4. Advice On My Friend's 11 Year Old Daughter,Needed.
    By onlythebest in forum The Lounge
    Replies: 26
    Last Post: 10-27-2005, 02:33 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •