Precious Metals Investing

Chinese Currency & Reserve Status Chinese Currency to achieve reserve status - what does it mean for the stock market, the precious metals market and you? The International monetary fund will give the Chinese currency known as the Yuan or Renminbi reserve status. Sometimes there is confusion on the correct name. To clear up some of the confusion Renminbi means "People's Currency" and the name of their currency while the Yuan is the unit of currency. In this audio interview on www.preciousmetalsinvesting.com Ted Sudol and Paul Mladjenovic talk about the Chinese currency, reserve status and what it will mean for both the US dollar and your investments Some commentators believe there will hardly be any effects from this. They feel the dollar will not be challenged in any way and point to China's closed policies and many of the changes they have to make politically to cause people to have full faith in their currency. The fact that it will take some time for the Yuan to challenge the dollar is no doubt true.