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Gold/Mining/Energy : Big Dog's Boom Boom Room (Moderated) -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (64)	4/18/2005 8:51:46 PM
From: XoFruitCake	Read Replies (2) \| Respond to of 89

If you are interested in Renminbi, you can try everbank on the net (www.everbank.com). They have CD and deposit account for different currency including Renminbi..Have not used them before... Special Chinese Renminbi Deposit Accounts An Everbank Exclusive Everbank is pleased to offer World Currency Access deposit accounts denominated in Chinese currency, know either as the renminbi or the yuan.* By Chinese government policy, the value of the Chinese national currency, the renminbi, has been pegged to the U.S. dollar at the same rate since 1998. Due to a combination of factors, including increasing pressure from trading partners around the globe, it has become increasingly possible that China will announce a change in policy regarding the renminbi/dollar peg. With its Special Renminbi Deposit Accounts, Everbank is providing sophisticated depositors who understand the risks and rewards offered by world currencies with a convenient way to position themselves ahead of a possible change in Chinese government policy. For more information, contact the Everbank World Markets division at 800.926.4922 today. Or, Apply Online now for your World Currency Access Account. Note: This account requires a $10,000 minimum investment. Also, because China is considered an emerging market, investments in its currency are considered HIGH RISK. For example, if the Chinese government were to impose severe exchange controls, then loss of all principal is possible. Due to this higher level of risk, depositors in the Special Renminbi Deposit Accounts are required to review and execute an Emerging Markets Foreign Exchange Risk Disclosure.

To: Think4Yourself who wrote (64)	4/18/2005 8:52:59 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 89

Keep in mind it is not legal for you to own renminbi without specific approval from the Chinese government. If someone gives you the "opportunity" to deposit your money in renminbi, say someone like Everbank, I would ask them how this is possible. Of course for some reason or another, they will be unable to give you any specifics. Are you actually the derivative partner of General Motors wishing to repatriate their Chinese profits, and subject to GM's bankruptcy, or what exactly? Consider yourself warned. .