Re: [spiers] Buy RMB
One question I have though: Would it be a good idea to keep some
>more of the RMB in the bank and not convert to USD (and basically "bet"
>on the RMB conversion in the future causing an appreciation against the
>dollar)?
Well, Soros, Templeton, Rogers, Buffett are all making that bet. I did it last
year to avoid any surprises in some purchases. Depending on what you call
"money", i am holding 4 currencies, maybe five. As part of a portfolio, foreign
currency is always prudent. Never bet what you cannot afford to lose.
John
Tuesday, June 7, 2005
Buy RMB
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