Chinese Yuan Now Accepted by Serbian Central Bank

[Nević Nenad]

Came like some synchronicity :) I had idea to change Serbian dinars for yuan or ruble, because if you look statistic those two are in constant rise while dollar and euro are in slow decline over the years. Sell them in some time and make some profit of course (we do that “swap” with euro so far in Serbia) Of course, one day when I have some slightly significant some of money :P

_http://sputniknews.com/business/20141226/1016276389.html

 

[Persej]

I had idea to change Serbian dinars for yuan or ruble, because if you look statistic those two are in constant rise while dollar and euro are in slow decline over the years. Sell them in some time and make some profit of course

Yes, if you changed all your money for ruble last year, this year you would be a rich person!
No, wait... you would lose half of your money. :P

But you could wait for ruble to hit the bottom and then to buy it and wait for it to rise. But when will that bottom be reached?

 

[axj]

I think investing in gold and silver makes much more sense right now. Their prices are artificially suppressed. With a fiat currency - which they all are currently - you run the risk of losing everything. Gold and silver will never devalue completely though and there is a good chance that they will rise in value - especially if/when the fiat currencies start having problems.

 

[Persej]

I think investing in gold and silver makes much more sense right now. Their prices are artificially suppressed. With a fiat currency - which they all are currently - you run the risk of losing everything. Gold and silver will never devalue completely though and there is a good chance that they will rise in value - especially if/when the fiat currencies start having problems.

Yes. Nevertheless, this is a good news for the international reasons, ie. replacement of the dollar as reserve currency.
I know that the main topic on the forum is Russia, but I am very impressed what China is doing. You don't hear a lot about them on the news, but they are very busy making themself a powerful force in this world.

 

[Nević Nenad]

I would say that it is late for ruble then. I don’t think it will go down further. Especially after the January 1.

 

[Shinzenbi]

I think investing in gold and silver makes much more sense right now. Their prices are artificially suppressed. With a fiat currency - which they all are currently - you run the risk of losing everything. Gold and silver will never devalue completely though and there is a good chance that they will rise in value - especially if/when the fiat currencies start having problems.

Indeed, investing in precious metals is a good idea, especially silver. The main reason is that the gold/silver ratio is highly distorted because of manipulation, with gold price being bubbly high. Historically, one ounce of gold was around 15 ounces of silver (1/15). It is currently higher than 70 ounces of silver (1/70). This is mainly due to mass ETF (exchange traded fund, or "paper gold") injections from banks that do NOT have gold. It makes no doubt that this quirk will one day be corrected, and the ratio will come back to normal. If you have silver, its value will relatively rocket up. Last thing : it is better to have precious coins than bars because they are much easier to trade.