Re: [spiers] Supplier info
In a message dated 6/6/05 7:25:35 PM, sac57903@saclink.csus.edu writes:
I am in the process of contacting suppliers. I would appreciate any
information on the following issues.
1. When is the best time to discuss financing with the suppliers.
***At the time you are discussing price. Now assuming you've gotten
custoemrs who said "it is a good idea and does not exist, asking for financing
is all
the easier.***
2. What ideas could be mentioned that would offer the best chance for
getting financing from the supplier.
***Two points: 1. Demonstrate you passion for the field by the depth of you
being "tied in" to the market info flow on your field. 2. The discussions
you've had with first rate customers.***
John
Thursday, June 9, 2005
Supplier info
Tuesday, June 7, 2005
Buy RMB
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
Buy RMB
Re: [spiers] Buy RMB
I'm told you can trade RMB through a company in Tacoma called DIME.
253-779-8900.
I'd be real careful buying anything outside of a bank, lest the currency is less
than authentic. I have no idea who DIME is, so caveat emptor.
John
Buy RMB
Re: [spiers] Buy RMB
Another thing you can do (which is somewhere in the book, and at least
mentioned in the class) is you can also open up a bank account there.
You can now go to a Chinese bank like the Industrial and Commercial
Bank of China (recommended by a local friend), Bank of China, etc. and
open up an account as a foreigner. English isn't necessarily strong in
the banks yet so you may need someone to accompany you.
Anyway, the cool thing about doing this is you can hold USD and RMB
simultaneously/separately in your account AND you can do online banking
while you're back home.
** 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)?
Thanks!
--- wileyccc@aol.com wrote:
>
> >Does anybody know the best institution to buy RMB in Seattle area?
>
>
> Linda,
>
> The RMB is not freely convertible, so it is not legally for sale
> outside of China, like yen or euros. Depending on for what and when
> you want the RMB, there are many options. A bank can arrange a
> transaction, you can buy RMB on your way into china... or get some in
> Hong kong.
>
> Hong kong dollars may do the trick, again depening on what you want
> to accomplish, or even just paying by credit card.
>
> here is an article from beijing Review that might help.
>
> http://www.bjreview.com.cn/200449/Cover-200449(B).htm
>
> John
Buy RMB
Re: [spiers] Buy RMB
>Does anybody know the best institution to buy RMB in Seattle area?
Linda,
The RMB is not freely convertible, so it is not legally for sale outside of
China, like yen or euros. Depending on for what and when you want the RMB,
there are many options. A bank can arrange a transaction, you can buy RMB on
your way into china... or get some in Hong kong.
Hong kong dollars may do the trick, again depening on what you want to
accomplish, or even just paying by credit card.
here is an article from beijing Review that might help.
http://www.bjreview.com.cn/200449/Cover-200449(B).htm
John
Buy RMB
Re: [spiers] Buy RMB
I'm told you can trade RMB through a company in Tacoma called DIME.
253-779-8900.
claminoto
to buy RMB in Seattle area?
Please advice,
Linda
Monday, June 6, 2005
Supplier info
Hello Everyone,
I am in the process of contacting suppliers. I would appreciate any
information on the following issues.
1. When is the best time to discuss financing with the suppliers.
2. What ideas could be mentioned that would offer the best chance for
getting financing from the supplier.
I would appreciate any advice that anyone can offer.
Thanks
Robert
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