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Old 07-15-2008 | 05:19 PM
  #5  
Typhoonpilot
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From: tri current
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.....or if you want to be innovative look at Chinese Yuan funds. Everbank offers them and it has been appreciating at just under 1% per month. They also offer foreign currency CDs. If you want to bet that the USD is going lower these can be quite good. I just came out of an Australian Dollar 3 month CD that yielded 5.5%. I made an annualized 12% because of the currency appreciation. Of course I could have lost as well, but my intuition was correct. I'm staying in the Chinese Yuan because my gut feeling is the Chinese will let the currency rise faster post Olympics.


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