| Author |
Message |
ggh
PopStar
Joined: May 13, 2006
Posts: 1079
Location: Shanghai, Puxi
Status: Offline
|
 Posted:
Aug 29, 2006 - 01:42 PM |
 
|
| Post subject: RMB or USD |
Issit better to keep RMB or USD? And why? |
|
|
|
|
BlackAdder
PopStar
Joined: Apr 21, 2006
Posts: 1042
Status: Offline
|
| Posted:
Aug 29, 2006 - 01:53 PM |
|
|
rmb going up, USD going down |
_________________
very cunning indeed |
|
|
|
|
Henry_Chinaski
Board Lord
Joined: Aug 16, 2003
Posts: 5025
|
| Posted:
Aug 29, 2006 - 02:05 PM |
|
|
^ That's true, however, depending on how soon you might be using the money it might not make a big difference. |
|
|
|
|
|
horsemandk
StreetBeater
Joined: Mar 23, 2006
Posts: 2241
Location: Shanghai
Status: Offline
|
| Posted:
Aug 29, 2006 - 02:38 PM |
|
|
Invest the money in bonds instead  |
_________________
Those parts of the system that you can hit with a hammer (not advised) are called hardware; those program instructions that you can only curse at are called software. |
|
 |
|
lucyna
Veejay
Joined: Aug 03, 2006
Posts: 2166
Status: Offline
|
| Posted:
Aug 29, 2006 - 02:56 PM |
|
|
| BlackAdder wrote: |
| rmb going up, USD going down |
Not quite. Due to the government control over fincial market, RMB is undervalued now. And Chinese government will keep its control in fincial market for a long period. I am not sure when RMB can get its real value. but USD was loosing ground and keep a steady low in value. Nobody can guarantee the future value.
It's better you spend it when you get it.  |
|
|
|
|
|
lucyna
Veejay
Joined: Aug 03, 2006
Posts: 2166
Status: Offline
|
| Posted:
Aug 29, 2006 - 02:59 PM |
|
|
Government bond has a low rate these days saddly. |
|
|
|
|
|
BlackAdder
PopStar
Joined: Apr 21, 2006
Posts: 1042
Status: Offline
|
| Posted:
Aug 29, 2006 - 03:31 PM |
|
|
the Chinese government though strong and steady, can't suppress the real value of the Yuan forever, in terms of potential growth the yuan out performs most currencies. It is hard to see the Chinese government downgrading the yuan with all the international pressure around the currency. It is also hard to gage the true performance of the Yuan as it's vectors, inflation and interest rate are artificially controlled.
within the last year we've seen 8.2 down to 7.9, this is likely to be the trend within the next 5 years
that's my opinion, then again I'm no economist. |
_________________
very cunning indeed |
|
|
|
|
|
|
Forum FAQ
Search
Preferences
Watched Topics
Log in to check your private messages
Log in
