Right on! . m8 I4 b x: S& Z$ O
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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$.* n: @- h* C, x+ _! ~
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! : ?! O1 U! ~* ]# B& l 7 K: l8 P3 x( X! E. FAn option for diversifying away US$ 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.3 H: W) m! p. P3 O
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. $ V' n9 D1 ?* \( z
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 , e) [ i1 H/ z8 `
Right on! * ~ c$ b- n$ n* B8 d) ?: ?7 P I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? H' Y& R% P& P7 C4 i2 ^2 c: X
: w) l5 z" E+ |2 ARMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 4 B/ p: O: B+ k z! g & z* {/ C$ C( D$ U4 B& U, w8 S* O' L- F0 V( E- \! J
Are you kidding? . P( n$ p) i4 [& }6 U
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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 ...
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But 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%