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Only two currencies worth holding

Posted on 09 November 2011

There are only two currencies where I would hold much cash. The dollar, inevitably, even though the economy is awful, as it remains ‘the sanctuary’, and the Chinese renminbi, which has been undervalued for years, but at last looks close to a revaluation as part of our demise.’
Kempton, a highly experienced private investor, is investing in the redback via the new Allianz Renminbi Currency Fund (which invests in Hong Kong deposit accounts in the Chinese currency)………………………………………..Full Article: Source


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VRS - who has written 39021 posts on Opalesque Commodities Briefing.


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