So says Larry Edelson in edited excerpts from his original article.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.
Edelson goes on to say, in part:
China’s currency is set to dramatically appreciate against the U.S. dollar in the years ahead; I estimate as much as 50% and that means the value of the U.S. dollar, conversely, is going to lose as much as 50% of its purchasing power. So it’s not just gold you want to own, but some Chinese currency as well.
I like the Market Vectors-Renminbi/USD ETF, symbol CNY, [to do just that]. It’s an ETF that tracks the Chinese currency, is easy to buy, and has a low beta, meaning it’s not too volatile.
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Down the road, it will also be easy for you to buy actual Chinese yuan currency. Soon there will be quite a few banks in the U.S. offering the currency and even money market funds denominated in yuan…because Washington and Beijing, believe it or not, are working very closely to bring the Chinese currency onto the international stage …To make it an international reserve currency … and to even make it stronger than our dollar, worth more than our buck.
Hard to believe, I know, but it’s all spelled out for you in the special video I produced, filmed on the doorstep of the Shanghai Financial Center. It contains all the information you need to protect and grow your wealth as the U.S. dollar loses purchasing power against the Chinese currency.
It costs nothing to view … and yet, it could make all the difference in the world when it comes to protecting your wealth and profiting in the months ahead. Simply click here to watch the video.
Best wishes, Larry Edelson
Editor’s Note: The above article may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
Frustrated with what they viewed as being ignored by the West and not having a prominent role in institutions like the World Bank and the International Monetary Fund, Brazil, Russia, India, China and South Africa (also known as the BRICS countries) have held their second summit…[and declared war on the U.S. dollar. Let me explain.] Words: 572
The Chinese central bank’s doubling of the trading band on the Yuan/U.S.$ exchange rate to 1.0% as of today has been greeted by general enthusiasm and is seen as a very significant move on China’s part for a number of reasons. Let me explain. Words: 772
There is a trio of currencies that you must include in your portfolio today because they operate on an entirely different playing field than the U.S. dollar and the euro and, as such, are set to undergo huge revaluations in the coming months. Without further ado… Words: 855