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Investor and trader Nikita Demin urged the Russians to transfer part of their ruble savings to the Chinese yuan. In a conversation with NEWS.ru, the expert noted that such a move is “very profitable today,” since “the hegemony of the dollar is becoming obsolete.”
“Today, the hegemony of the dollar is becoming obsolete, in my opinion, so the prospects for the yuan are quite good. For comparison: official inflation in the US is 7.5%, and the yield on 10-year bonds is 1.87%. Inflation in China is only 1.5%, and the yield on 10-year bonds is 2.8%. Based on these data, we understand that diversification, investing part of the ruble funds is very profitable if you invest in the yuan,” – added Demin.
The day before, the Russian Ministry of Finance supported the initiative of State Duma deputies to abolish VAT on investment gold for individuals, considering investments in gold an ideal alternative to dollars. According to the website of the ministry, the price of gold is subject to short-term fluctuations, but in the long term it shows profitability.