My brilliant friend Jim Gobetz manages $1.7 billion for the Wallingford Trust. He's highly respected for finding flaws in two prominent leveraged exchange-traded funds and leading many people to big profits in shorting both.
He recently made news again by being two weeks ahead of CNBC in his call on the Dubai bailout. He joins me on video today to discuss what we feel is a low-risk, longer-term way to profitably invest in China.
Jim explains that in July 2008 China repegged its currency, the yuan, to the U.S. dollar. Since then, the United States, Europe and other countries have been pressing China to unpeg the yuan and let it rise. That spells investment opportunity, and Jim has found one.
He researched an extensive field of investments intended to profit when this Chinese currency inflating does eventually occur. (more)
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