The best investment in Asia that is off the radar of most Americans, according to the Jim Rogers Investment Fund, is the Renminbi. It is a blocked currency, so it isn’t very easy to buy and sell. But a couple banks have opened in the United States.
It makes for a good investment. It is artificially low, it will earn interest, and it will go higher - that’s why you make any investment. They have been removing exchange controls, and as you do that, its value will continue to go higher. The value of the dollar, however, will continue to decline. It isn’t a good situation, but it seems to be what the people in Washington want.
China is backing out of its US holdings, but what are they trading them for? They are certainly increasing their holdings of gold and commodities. Commodities will be a great investment for the Jim Rogers Investment Fund. China is also buying some currencies, but not in a big way. Unfortunately, they aren’t telling us exactly what they are buying.
