Comment: Open a Chinese bank account in

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Open a Chinese bank account in

NYC. We all know the Chinese purposely devalue their currency. If you live near NYC, the Chinatown office accepts US dollars and converts it into Yuan.

I called for the details. The bare min to open an account is $1500. You recieve two accounts. One Account in dollars and the other Yuan. When you want to withdraw your Yuan account it coverts it into dollars.

I have spoke with several Chinese businessman about opening a Chinese bank account and they all agree their currency increases on average 5% each year. You cant bet against China. If I could do this I would. I dont trust the dollar. Look at all the post here telling you to invest in silver or gold.