The Why and How of Investing in Chinese Yuan

Jay Carter

Jay Carter, host of Financial Survival Radio talks about his recent interview with legendary investor, Jim Rogers, and his advice that people store a portion of their wealth in the form of Chinese yuan or renminbi (RNB). He also interviews Chuck Butler of EverBank World Markets who explains how to open an FDIC insured account denominated in Chinese yuan.

WARNING: If you are offended by a four letter word that begins with the letter "s", be advised that Jay Carter does use it one time at the very beginning of the show.

Chuck Butler

One option that neither the host nor Chuck Butler mentioned however, is to purchase and hold a certain amount of yuan (RNB) in cash. This may be an option for some who don't want to fork over the $10,000 minimum needed for an Everbank World Currency account and can be done through several banks and online services. Travelex seems to have the best prices and they promise to beat any competitor's rates. Having the yuan shipped to your door can be as low as $9.99. Even better, if there is a store location in your area, you can pick up your order at no charge. They may charge you a fee if you purchase less than $500 worth of yuan, so pay attention to the total price during the online check out phase, or be sure to ask if you place your order by phone!