A good time to buy Yuan?

the_dark_side

Sorry for posting this on the Irish Economy forum... I took a look at the general Economics forum and there is little or no movement on it, would prefer a discussion on this....


Sarkozy to press currencies role for G20
(Reuters) - President Nicolas Sarkozy has set an ambitious agenda of creating a new international monetary system and taming commodity speculation for France's presidency of the G20 global economic leadership forum from November.
http://uk.reuters.com/article/idUKTRE6850HR20100906

digme

Well if anyone is going to go on the gold standard it's china,I'd buy yuan if i had the money to spare.

demonspawn

Buy gold instead. The U.S. owes China a lot of money and when they default on the debt your yuan won't be worth toilet paper.

T-Square

Gold is currently at the top of a bubble, avoid gold.

zielarz

My advice, don't keep your savings in euro..

the_dark_side

thanks for the replies... I did hear that about gold alright, Yuan might not be such a good idea either when you think of the US default scenario... maybe for very short term investment

ei.sdraob

Considering it's pegged to the dollar and being overly manipulated.why bother? Do you trust the Chinese government who are now engineering a bubble which makes us look good

Banned Account

It;s my understanding that the Yuan cannot be bought or traded outside China - this is how the government controls the value.

Nody

zielarz wrote: »

My advice, don't keep your savings in euro..

Invest instead in a new property or three, the prices has never been lower and they can only go up up up... :pac:

westtip

Nody wrote: »

Invest instead in a new property or three, the prices has never been lower and they can only go up up up... :pac:

Cloud cuckoo land is it your are living in. Property prices have of course been lower, and will go south for another few years in relatie terms and probably real terms.

Tie your money up in property and what kind of liquidity will the investor have - none.

The irish rise in property prices was driven as we all know by over lending - we will never see this again, the fundamentals of the economy do not suggest the only way is up for property - so pray tell me Nody on what notion do you base your rather ludicrous assumption.

My advice - spread your investment between India and China and watch your capital grow and grow.

Sea Sharp

I'd say Brazilian Reais or Canadian dollars. Well basically any currency that doesn't have a bubble burst sticking to it, threatening to take the currency down further..

loobylou

Nody wrote: »

Invest instead in a new property or three, the prices has never been lower and they can only go up up up... :pac:

Is that you Frank?