January 24, 2011 · 2 comments
in Asia, BRIC, China, RMB, USD, banks, currencies, diversification, financial planning, foreign investment, hedging, inflation, investing, living in US, market trends, money management, risk, savings, wealth protection, wealth transfer
Readers have recently been asking where you can open a Chinese Yuan savings account. As I wrote in a previous post, Chinese Yuan savings accounts for Americans are available at the Bank of China (only in New York and Los Angeles so far).
In that previous post, I outlined the basic steps you need to know [...]
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January 23, 2011 · 1 comment
in Asia, BRIC, China, February, central banks, forecasts, foreign investment, gold, indicators, international economy, market reports, market timing, market trends, metals, precious metals, seasonal investing, special dates, wealth transfer
Chinese New Year typically involves a lot of gold buying, just like the Indian marriage season in late summer and Autumn. How much higher will the price of gold go as a result of the Chinese New Year?
This year’s Chinese New Year (or Lunar New Year) occurs on February 3rd and celebrations will last until [...]
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January 22, 2011 · 7 comments
in Asia, BRIC, China, RMB, USD, banks, diversification, international economy, money management, preparedness, savings, wealth protection, world reserve currency
It’s easy to open a yuan-denominated bank account with the Bank of China if you’re willing to travel to New York City or Los Angeles – two locations where the Bank of China will do this.
Investors are increasingly interested in diversifying away from the U.S. dollar (USD) and into alternative currencies. You don’t have to [...]
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December 31, 2010 · 3 comments
in 2010, 2011, China, Financial New Year, bubble, bull market, commodities, energy, europe, forecasts, gold, market reports, oil
Oil and gold prices are ending 2010 on new near-term breakout highs. After a post-crash slump that kept oil around $60-$68, oil broke out to the $80-85 range for much of 2010, but in December oil’s made new breakouts yet again.
Just this past week or so, oil touched through $90 for the first time since [...]
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November 10, 2010 · 3 comments
in Asia, BRIC, China, G20, RMB, USD, World Bank, central banks, currencies, exchange rates, foreign investment, forex, international economy, international stock market, market reports, market trends, money, news and updates, sovereign debt, terminology, world order
You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound. Not only is the renminbi note red, but it’s got a picture of Mao on the [...]
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October 28, 2010
in Asia, BRIC, China, ETF(s), bubble, commodities, exports, frontier markets, indexes, market reports, metals, mining, protectionism, rare metals
A new Rare Earths ETF is on the market today, to take advantage of the coming rare earths bubble as a result of China reducing its rare earth exports, and threatening to reduce rare earth exports, to Japan and other countries.
I’ve written about the top 40+ rare earths in another post, which I encourage you [...]
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October 10, 2010
in Asia, BRIC, China, Federal Reserve, Q4, US debt, US economy, USD, collapse, currencies, diversification, emerging markets, exchange rates, forecasts, foreign investment, forex, indicators, international economy, market trends, news and updates, world order, world reserve currency
Bank of America has decided it will halt all foreclosures in all 50 states going forward. This means, apparently, millions of folks will be living in homes without paying for it – which means at least temporary losses for banks. (Don’t get me wrong, it is a good thing for families who can find no [...]
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