Euro is well overvalued on the global stage.
Buying the Yuan, there are not many options. There is an ETF called Wisdom Tree Chinese Yan Fund.
Problem is you have to take the risk of it being an ETF (grossly underestimated risks in owning ETFs IMO by most investors) and it is dollar denominated so currency risk.
Short term China is in no rush to raise their currency. They don't give two hoots what the USA think and rightly so.
A long term investment play is the Yuan. Personally I think; Chinese equities are probably the best way but currently overvalued I feel.
Thanks - I thought that might be the case. Have looked into Chinese stocks (as ADRs) but unfortunately I'd be buying them in USD...the lord giveth and the lord taketh away!
Hi Ringleman,
could you expand a little on this pt as I'm currently thinking of buying efts and would be v interested in the downsides ?
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