Right on! # o. y. _3 ~/ \; L( t: }
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I think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$. : O8 h4 ~+ ^ y# A, P- T, W+ v 2 a& X2 L1 r1 JWoohoo...time to realize some profits (especially on oil and gas stocks) today!9 F. C/ N b/ S3 N* T
; C0 s2 o2 {. {9 G/ iAn option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.+ M: M2 Z' {$ v- F6 S) K
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 7 Z1 S& t- W8 d/ v8 @' a0 W
原帖由 MiliCat 于 2007-9-18 13:06 发表 9 k8 s* ~+ w! F2 `7 V2 ~9 lRight on! + A, v3 n5 p2 U9 h* a I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? ) H Q* e* s9 w) b+ r" R; K , s% a5 I; A# p, p5 R6 U, P9 \8 lRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
5 B" e6 ?+ F7 j# _) l) p) a! n, O. | $ r8 @+ N6 j9 _; U2 L; rAre you kidding? # t7 B& o u4 Y4 s& q
5 @) Z- K& W1 [" ]6 m! JRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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+ H; @/ J% [7 p# K/ iBut you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%