Should I start to buy Yuan (Chinese currency)?

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Do you think it will be a good idea to invest in Chinese currency (Yuan)?

I recently read an article where the author says it is a good time to invest in Yuan.

What are your views on that?
  • Profile picture of the author KimW
    I have some in my wallet right now.
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    • Profile picture of the author thunderbird
      Originally Posted by KimW View Post

      I have some in my wallet right now.
      First you're studying Mandarin, now you've got Yuan in your pocket. What are you up to, KimW?
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      Project HERE.

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      • Profile picture of the author KimW
        Originally Posted by thunderbird View Post

        First you're studying Mandarin, now you've got Yuan in your pocket. What are you up to, KimW?


        Hehehe, Wouldn't you like to know,T-Bird?
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  • Profile picture of the author derekwong28
    I don't think the Chinese government will let it appreciate quickly. They don't want to get into the same situation as Japan where the appreciating yen was one of the reasons for its long term woes. There are also other similarities with Japan such as a greying population and a housing bubble that is out of all proportion to people's incomes.
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    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

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  • Profile picture of the author Silas Hart
    I've had all of my money converted into RMB for the past 5 years. No regrets. It's not that I don't believe in the influence of the U.S. dollar, its just easier for me to run my business that way since most of my suppliers are based in China.
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  • Thanks everyone for your responses.

    Any more comment?

    How about investment in Koren Won or Japanese Yen?
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    • Profile picture of the author IndianaJones
      Originally Posted by bizarrionetwork View Post


      How about investment in Koren Won or Japanese Yen?
      Do not forget the Hong Kong dollar. That is a good one.
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