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To: politicket
Seriously, my family went to cash last December. We're losing money due to the devaluation of the US Dollar, but not like we would have lost if we stayed in the market.

Put your cash here:

It's corrected 7% so far this year, and will do another 15% in the next 8-15 months (it's done 16% over the last 12 months). A $1500 trip to Hong Kong can do wonders for your investments, just on the exchange rates.

Get your passport, a current utility bill (original one), and get thee to Hong Kong. Go to the HSBC just two blocks from the Central ferry terminal. Then open up a foreign currency private account in HKD, USD and CNY (Chinese Renminbi). Make deposits from USD and convert them to CNY.

You get the exchange rate, but you're in an economically open locale of Hong Kong, and have world-wide access to your funds via any HSBC office (several on the West Coast, and heavy in the North East), and via Internet access to your funds (can do a 24 hour transfer to any US account). And with the debit card, you can get your funds from ANY ATM worldwide.

Seriously, it's a free 15%; the 0.75% interest you can make on CNY denominations is just extra.

Oh, and while there go spend a day or two decompressing at the Silvermine Beach Hotel... You'll feel much better!

99 posted on 07/11/2008 5:17:21 PM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: PugetSoundSoldier; politicket
Get your passport, a current utility bill (original one), and get thee to Hong Kong. Go to the HSBC just two blocks from the Central ferry terminal. Then open up a foreign currency private account in HKD, USD and CNY (Chinese Renminbi). Make deposits from USD and convert them to CNY.

Or you could just get foreign currency certificates from Everbank...FDIC insurance (denominated in U.S. dollars, though) is an added bonus.

124 posted on 07/11/2008 5:39:13 PM PDT by rabscuttle385 (Off balance sheet liabilities...they're not just for Enron anymore!)
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To: PugetSoundSoldier

you saying you can get a 15 percent return there? Wow.


202 posted on 07/11/2008 6:58:14 PM PDT by rwfromkansas
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To: PugetSoundSoldier

ping to tell a friend in Hong Kong


217 posted on 07/11/2008 7:21:32 PM PDT by cammie
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To: PugetSoundSoldier
Or, try one of the hard-currency funds like MERKX, suggested by Peter Shiff, one of the perma-bear consultants who appears infrequently on the Saturday morning Fox stock-puffery shows.
434 posted on 07/13/2008 7:14:34 AM PDT by slowhandluke (It's hard work to be cynical enough in this age)
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