Right on! + }% E2 Z/ X5 u8 x O: ?( z" e+ _5 m# o8 ?. S6 V; Q$ c& o
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$.4 x; S% v$ n8 k! I6 J3 V
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! : @. H3 M9 {! M+ o! G. Z, k, H/ @& d. T S
An 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.# }4 J' H2 G) Q+ |# H/ q
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 4 O+ V$ `% j6 N. V4 A- Q ' R: ?8 n/ P6 w7 rGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 0 d$ x% C+ r1 eRight on! 3 \ W+ I) u; m; f3 R I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? & O1 h3 r: ?' Y$ q$ u6 U
8 e# Z. K3 P4 Z2 ~RMB 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.
原帖由 Z 于 2007-9-18 14:16 发表 $ _7 c0 _- M9 j( A6 h3 d( U
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Are you kidding? 1 r/ ^3 O" _+ C7 @) [8 w0 w
' T6 `( b& L; m" {+ V& pRMB 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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& F& j; O3 V, ~( S1 BBut 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%