A Place in the Sun
Years ago, I scouted some property in Shanghai and found a condominium that I liked for a very reasonable price. I knew that even if the property didn't rise in value, the yuan would -- and the condo was valued in yuan. In other words, even if the price of the condo remains stagnant, its value will rise in terms of U.S. dollars, assuming that the yuan gains ground against the dollar.
There were problems with the entire concept. While I like Shanghai, it's not a place I visit often enough to justify a purchase. It's fascinating to watch a society rapidly evolve and grow, but environmentally speaking, it's not a great place to vacation. I let the idea fizzle and focused on other ways to make money on the coming currency appreciation in China....494 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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