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i want to own assets valued in china money,that when i resell give me my china money that i can convert back to my money,
china munny is under valued by a facter of 5 ,i want to own asome ,preferably whith a chine growth facter ,say govt bonds,
or china based ,govt honoured lease hold or fair partnership,
what suggestions ,and who to ask
procedure
pitfalls
give me some guidence please

2006-12-08 11:45:19 · 3 answers · asked by Anonymous in Business & Finance Investing

3 answers

Go to any airport with flights to China.

2006-12-09 07:14:08 · answer #1 · answered by Anonymous · 0 1

I believe the Chinese Yuan has trading restrictions placed on it, since the rate is not free to float, but controlled by the government. The yuan is not undervalued by a factor of five, don't be ridiculous. If it were gold would be above $1000US/oz by now. Yes, Everbank has a Yuan account for over $10,000, but you should really know what you are doing before dropping ten grand. And stop calling the Yuan "chinese money". It's the British Pound, US Dollar, Japanese Yen, etc.

2006-12-08 14:13:11 · answer #2 · answered by Michaelsgdec 5 · 0 0

You can do it as an investment with everbank. It might be the only foreign currency that they do *not pay interest on. $10,000 I believe is the minimum account. They might charge you half a percent to get in and out, I forget.

2006-12-08 13:24:31 · answer #3 · answered by RogerDodger 1 · 0 0

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