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Would you open an account with a Chinese bank? Money backed by the yuan, rather than the dollar ..

Five reasons why it might be a good idea ~ It's very unlikely to go down. It's very likely to go up. You won't miss out on a lot of interest elsewhere, as nowhere else is paying a lot of interest. It will diversify your portfolio. And, finally, it may offer you and your family something of a hedge against the decline of the U.S. economy.

http://online.wsj.com/article/SB10001424052748704307404576080222812076888.html?mod=WSJ_hp_mostpop_read

 
tasches

Asked by tasches at 4:54 PM on Jan. 14, 2011 in Money & Work

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Answers (4)
  • No i don't think I would. Though that is something to think about.
    Erica_Smerica

    Answer by Erica_Smerica at 6:46 PM on Jan. 14, 2011

  • I was just hearing on the news today how China is next to have a big financial crash like we did, so I'd have to say no. Many people have done it with Euros, though. Many people on the east coast started getting their pay in Euros instead of dollars because they were more stable.
    musicpisces

    Answer by musicpisces at 6:49 PM on Jan. 14, 2011

  • No
    Anonymous

    Answer by Anonymous at 6:52 PM on Jan. 14, 2011

  • We haven't so far and doubt we will.
    HotMama330

    Answer by HotMama330 at 12:41 PM on Jan. 15, 2011