If there ever was a killing to be made on a currency, here is the opportunity. There is absolutely no way that the Chinese fixed rate regime can continue. An artificially low yuan has to eventually cause the country’s inflation rate to explode. Or a global economic recovery will cause Chinese exports to balloon to politically intolerable levels. Either case will force a major upward revaluation in the currency.
Global investing guru Marc Faber says that the dip in gold price is a correction and this should be taken as a great buying opportunity. Faber, a gold bug, has been telling investing public that the yellow metal is cheap at $1,100 per ounce and it will be prudent if they buy the yellow metal at this rate or below so that they can reap rich dividends in 2010.
The mega yacht business has been slow since the economy soured, but at least one luxury shipbuilder appears to be betting on a rebound. Belgium-based Emocean Yacht Design is planning an extravagant new mega yacht, which—if built—would be the world's largest vessel of its type. It would also cost in the range of $500 million to $900 million.