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written by reader Dr. Steve Sjuggerud IMF October 2015

By wizard1786, April 30, 2015

Any thoughts on Dr. Steve Sjuggerud recent alarm about the IMF adding a new reserve currency in October of this year? Pushing non us dollar based investments with 1000 percent plus gains.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Dennis Hoppe
Dennis Hoppe
7 years ago

Do you know what this new Reserve Currency is. I say it’s the Chinese Yuan or Renminbi.

Garlandlink
7 years ago
Reply to  Dennis Hoppe
Mr. CW
6 years ago
Reply to  Dennis Hoppe

Its the Chinese Yuan and this will be announced officially at the next IMF Board meeting and here’s the FACTUAL INFORMATION to validate my statement. Oh, by the way, China for some unique strange reason just revealed their untapped Gold Reserves their mining in their own country, which will sustain the Asset-Backed Chinese Yuan value even more as the new world reserve currency above the US Dollar.

China discovers undersea gold reserves estimated at $16.4bn
Link:https://www.rt.com/business/321669-china-gold-seabed-discovery/

IMF’s Lagarde supports proposal to include yuan in SDR
Link: http://www.cnbc.com/2015/11/13/imfs-lagarde-supports-proposal-to-include-yuan-in-currency-basket.html

Statement by Ms. Christine Lagarde on IMF Review of SDR Basket of Currencies – http://www.imf.org/external/np/sec/pr/2015/pr15513.htm

Link: https://orders.cloudsna.com/chain?cid=MKT035907&eid=MKT076392&plcid=&snaid=&step=start&hpmv=2&affId=&s1=##AST09988

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racingparts
racingparts
7 years ago

Of course it’s the Chinese Yuan. What else could it be.

baygreen
7 years ago
Reply to  racingparts

We all know about the RENMINBI which they use the word YUAN AS THE SHORT SLANG OR THE CURRENCY BUT STEVE has other investments which is what my interest is I already own some physical YUAN but I am sure he has some other investments that might be worth finding out. There service is a step above a lot of others like Gumshoe they don’t put people down . I am sure Travis would ay Stansberry is a valuable service but maybe expensive but they deliver. I am sure Steve has more than just buy the JUAN! HE EVEN SAYS WHEN HE TEASES THIS IMF THAT THERE ARE A FEW WAYS TO PLAY IT. ANY THOUGHTS BESIDES THE JUAN, I WAS THINKING MAYBE SOME ETF’S!

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Garlandlink
7 years ago
Reply to  baygreen

Besides watching http://pro.moneymappress.com/MMRBSSH39PPM2/MMMRQC04/?a=10&o=75960&s=82739&u=1184228&l=325814&r=MC&g=0&h=true
Recommend that you look at a few tickers: VXUP, GTU, PHYS, SGDM, and CEF
And, if a cataclysmic event were to affect the dollar or US markets, these might be worth checking out: TVIX, DPK, VXX, FAZ, SKF, ERY, TZA, EDZ, UUP, DRV, BIS
Many of these tickers can be back-checked to 2008 in http://www.google.com/finance.
James Rickards has written extensively on this in his relatively fresh books “The Death of Money” and “The Big Drop”. TO get a feel for this subject matter, see http://pro.moneymappress.com/MMRBSSH39PPM2/MMMRQC04/?a=10&o=75960&s=82739&u=1184228&l=325814&r=MC&g=0&h=true

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A.M. Deist
A.M. Deist
7 years ago
Reply to  Garlandlink

There is a great risk in some of these. For example, the TVIX has dropped below $1, and anything from a reverse split to a shut down of the security could put investors at risk. Just look at GASX, which stopped trading in September of 2014. One doesn’t lose everything, but could be in a blood bath if expecting to sit and wait until the cows come back to the barn.

Johnny Boy
7 years ago

Yes, he’s favoring the Yaun but also these two investments, not sure what they are?

…And when the yuan receives its reserve currency status as I expect it to, investors and money will flood into China.

The good news is, I’ve found two super low risk investments that allow you take advantage of the opportunity brewing right now.

These investments trade right here in the United States. They are cheap and easy to buy and sell.

I believe that these two investments are probably the only places you can find truly safe triple digit gains in China.

One takes advantage of a new investing rule I bet most people haven’t heard of. Essentially, it allows Americans to own “A-class” shares of stock typically reserved for Chinese locals. These are the types of shares that I believe could earn 50%, 100% even 150% very quickly. I think this is one of the very best ways to play the trend… Because the idea of “A-shares” is gaining momentum, I don’t think you’re going to get in this cheap for much longer. And like I said, you can make this investment right here in America, with your ordinary broker.

The second opportunity plugs you into some of the biggest and safest Chinese companies on the market. For example, one of them is a mobile – phone provider with over 800 million subscribers. That’s more than twice the number of people living in America! And history has shown us that when this investment goes up, it goes WAY up. During China’s 2005 bull market, for example, it gained over 300%! If more and more companies begin using the Yuan by the end of the year, these are the Chinese companies you’ll hear about all over the news.

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Bobwins
7 years ago
Reply to  Johnny Boy

I am a big fan of Sjuggerud. I subscribe and have taken his advice on BIB, ASHR, DEM, PKW , RXL and FXI. Take a look at BIB. That’s the one I’ve held the longest. ASHR has been a rocket ship and so has RXL. ASHR and FXI are his recommends for buying into the Chinese stock market. FXI is his latest because it has lagged ASHR even though they contain some of the same companies.

He is a contrarian but has been right for several years. He recommended buying real estate when it was low and did it with his own money in Florida. He recommended Blackstock at the bottom of the cycle and is still holding. Unfortunately I didn’t act on that recommend.

The newsletter is cheap at $99 and his advice has been well thought out and generally correct. I originally bought BIB in the $60’s, it split 2for1 and is going to split 2for1 again soon from it’s current $174 price.

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franklyn
7 years ago
Reply to  Johnny Boy

you forgot to mention the stock names, I think that some of us could be interested so please write em, regards.

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Travis Johnson, Stock Gumshoe
Admin
Reply to  franklyn

The two Johnny Boy mentioned the hints for are pretty clearly ASHR and FXI, the funds that give exposure to the A-Share market (domestically traded Chinese stocks, ASHR) and the Chinese large caps that trade in Hong Kong (China large cap index, FXI).

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fabian
fabian
7 years ago

That’s correct, I confirm.