Posted:
#1
I'm looking to invest in certain currencies, specifically the Chinese Yuan (CNY) to start. I am looking for the most economical way of doing so and noticed banks offering to sell it (most likely for travelers) but are charging a hefty fee in doing so. Really not interested in paying juice to buy a currency. I am from San Francisco and have thought about venturing into nearby Chinatown for options, but need a bit more education first. Anyone have recommendations for a novice such as myself for investing/purchasing and holding Yuan (or other currencies) ? Do currency Black Markets exist in the US?
