Right on! . B- Z) ]6 z- d* L/ l; i 8 }9 S; H3 d s% LI 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$.+ J! V9 y( c+ m$ p
, R3 n X1 i4 UWoohoo...time to realize some profits (especially on oil and gas stocks) today! 9 K6 z l" P8 b) s 8 m0 q) w( j/ A# C, N9 TAn 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.% Y9 k5 A7 e* d) F% Y
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. % A4 b# f! X( |! P: ?. q" T8 v. ~5 f ~5 k; e
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 3 @5 H7 C& c" O
Right on! & P2 r) C/ q ^/ D: o) C
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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, G/ _. h, _- A! s9 f& `Are you kidding? , j) p( T, q7 B8 P" P% A3 l! L+ W/ Y
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 : N% E8 {& k( e4 o3 D7 ^
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Are you kidding? 3 I7 \' Q$ s# i% X9 C# h8 S! w% T# Y/ E3 j
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 canno ...
% j2 Y* M' u( X% t 9 V1 G2 O; k, A8 x& {) EBut 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%