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I see the commercial for this ETF all of the time. Chinese investment has a lot of clout, but this currency is (essentially) pegged to the USD. Not to mention that the US has backed off pressing the Chinese to revalue their currency. If China floated their currency, the US' largest creditor would have much less of a surplus to buy the US government debt.
Investing in this ETF is stupid; why in the world invest in a pegged currency? Ridiculous. Rating :
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27/Male |
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| Subject | Author | Rating | Time of Post (ET) | ||
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A Terrible Investment
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tommyleesd2... | (1 Rating) | 25-Oct-09 04:11 pm | ||
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You make some interesting points but it is neither...
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FundManager... |
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10-Nov-09 11:47 am | ||
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agreed....purchasing this ETF is basically a ...
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nodice987 | (1 Rating) | 11-Nov-09 12:25 pm | ||
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Zues, the people are being led so astray...
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toyotatex | (1 Rating) | 12-Nov-09 12:14 am | ||
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It could be the trade of the decade!:
"...The W...
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r.jackson92... | Rate it | 12-Nov-09 10:05 am | ||
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China won't un-peg the Yuan if there is no inflati...
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SMAC693 | Rate it | 13-Nov-09 11:52 am | ||
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Just got back from China. Only the teens wil...
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momofwonder | Rate it | 16-Nov-09 08:50 pm | ||
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china has high inflation. If someone tell yo...
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erulccmgoud | Rate it | 24-Nov-09 01:52 am | ||
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Also consider that, if the Yuan is not depegged, t...
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pelotudo_20... | Rate it | 16-Nov-09 01:31 pm |
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