Owning Yuan?

Discussion in 'Currencies' started by honey stacker, Oct 15, 2012.

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  1. honey stacker

    honey stacker New Member Silver Stacker

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    Was watching Looper last night and saw a fat roll of Yuan being bought with Silver. I have been thinking about it all day and was wondering what you guys thought about buying Yuan as a speculation. Australian dollar is strong at the moment and the Yuan from what I can tell is being purposely undervalued? I was thinking about exchanging some Australian notes for Chinese notes. If/when China becomes the global economy are they likely to trash the Yuan and start again, or would it be better for them to keep what they have.
     
    honey stacker, Oct 15, 2012
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  2. yennus

    yennus Well-Known Member Silver Stacker

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    Yep, I'm a big believer (and user) in the Yuan/RMB.

    I think it is currently undervalued, and in the future will be worth much much more.

    I don't think they will trash the Yuan.
     
    yennus, Oct 15, 2012
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  3. errol43

    errol43 New Member Silver Stacker

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    Maybe thats the way to go? Wonder how hard it is to get hold of some! Will ask at the bank next time I'm in town.


    Regards Errol 43
     
    errol43, Oct 15, 2012
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  4. Austacker

    Austacker Active Member

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    But how much do you need to make it even worthwhile ?
     
    Austacker, Oct 15, 2012
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  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I'm not entirely opposed to the idea.

    http://forums.silverstackers.com/message-373445.html#p373445
     
    mmm....shiney!, Oct 15, 2012
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  6. yennus

    yennus Well-Known Member Silver Stacker

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    Who wants some Yuan? :)

    Happy to help :)
     
    yennus, Oct 15, 2012
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  7. yennus

    yennus Well-Known Member Silver Stacker

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    I think it's the way to go.

    I don't think it's hard to obtain :)
     
    yennus, Oct 15, 2012
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  8. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    I buy USD and have two USD bank accounts,i would consider buying YUAN as i think sooner or later our dollar will drop as the US economy gets stronger,might take a while but my money is in the bank only attracting 2.5 percent. Post Office might be able to help me with Cash
     
    aussiesilver, Oct 15, 2012
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  9. digoxin

    digoxin Member Silver Stacker

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    I have got a few silver, gold and platinum yuans = Panda coins :)
     
    digoxin, Oct 15, 2012
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  10. rbaggio

    rbaggio Active Member Silver Stacker

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    I think it's a massive gamble. China has shown it is not adverse to printing like a boss. Google 'china stimulus'. Plus they are buying up gold in off-market transactions, so who knows what they have already set in motion with their currency.

    China = opaque.
     
    rbaggio, Oct 15, 2012
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  11. yennus

    yennus Well-Known Member Silver Stacker

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    Hehehe... very true, very true :)
     
    yennus, Oct 15, 2012
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  12. yennus

    yennus Well-Known Member Silver Stacker

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    I don't think it's risky move, I think moving towards the Yuan is wise. (Better to be owed money [i.e. China], than to be owing money [i.e. USA])
    China's paper stimulus is an appropriate response towards the US QE stimulus.
    Yep, China is buying up gold like they have gold fever - which indicates that they have gold (and hence a growing reserve). But no one really knows if the US even has any more gold left in the Fort.
     
    yennus, Oct 15, 2012
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  13. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Renimbi, arguably the most over supplied currency on Earth at the moment (and yes I did consider the $USD)
     
    Clawhammer, Oct 15, 2012
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  14. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    +1. Chinese currency is even more manipulated than anything else. Even though the fundamentals seem to shout BUY the "market" is waaay too rigged and risky IMHO.
     
    bordsilver, Oct 15, 2012
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  15. honey stacker

    honey stacker New Member Silver Stacker

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    Hmmm a mixed bag of ideas. These are some of the things I was thinking as well. As I said it would be more of a speculation (gamble) than just stacking. Thanks for the ideas all.
     
    honey stacker, Oct 15, 2012
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  16. Nukz

    Nukz New Member

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    I think its got a long way to go in on the upside but i think we are talking decades not something anytime soon. I think in the mid term your still better off with USD.
     
    Nukz, Oct 15, 2012
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  17. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I'm thinking gold or silver may just be a better bet. Shhhhhh. :rolleyes:
     
    mmm....shiney!, Oct 15, 2012
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  18. southerncross

    southerncross Well-Known Member Silver Stacker

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    Looks like Fiat, smells like Fiat.....it's Fiat.
     
    southerncross, Oct 15, 2012
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  19. phynixbullion

    phynixbullion Member

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    Mmmm interesting indeed .....
     
    phynixbullion, Oct 15, 2012
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  20. yennus

    yennus Well-Known Member Silver Stacker

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    I'm thinking in the next 1-2 years, one day we'll wake up, and the USD will have depreciated 25%-50% to the RMB.

    In any event, I agree with shiney, gold and silver are probably better investment instruments.
     
    yennus, Oct 15, 2012
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