Sweet!mavrick 3399 wrote:
and the value of sterling goes up.
No offense guys, i just enjoy cheap holidays
Sweet!mavrick 3399 wrote:
and the value of sterling goes up.
Sure, the many trillions our government owes the world means nothing, right? If anything, we probably owe them money.Jenkinsbball wrote:
Right, I'm sure the billions and billions of dollars we've loaned them have been paid back. If we called back all outstanding loans due to our government, we'd bankrupt the planet.
I'm not saying that anyone owe's us money back for us giving money for them to rebuild their country, but I'm sure we've given plenty after that.
No.Rosse_modest wrote:
Hasn't gold actually declined in value over the last couple of years?Bertster7 wrote:
Gold is a nice solid investment. It doesn't move about much, but that also means it doesn't go up (*edit* - much, although it has gone up a bit lately). Invest in things you think will rise - gold isn't that great.JimmyBotswana wrote:
Two words: Buy gold.
Last edited by Janysc (2006-09-02 00:51:54)
Not such a good idea. The American housing market is also in trouble.Janysc wrote:
Cool! I mean, if the dollar goes down, what's to stop me from ordering tonnes rare CD's and movies instead of one or two?
Now, Americans, this is my advice to you if you're afraid for what money you have. Buy gold, like Jimmy said. Get something of value other than numbers in a bank. Like a house. Use your capitalism.
Well, that just sucks! I hate gold, it should be banned for anything but technical applications.JimmyBotswana wrote:
No.Rosse_modest wrote:
Hasn't gold actually declined in value over the last couple of years?Bertster7 wrote:
Gold is a nice solid investment. It doesn't move about much, but that also means it doesn't go up (*edit* - much, although it has gone up a bit lately). Invest in things you think will rise - gold isn't that great.
http://www.kitco.com/LFgif/au3650nyb.gif
NICE! +1comet241 wrote:
im glad to see that you have no background whatsoever in finance at all. So what if the dollar goes down a little? You think that the value of the dollar hasn't varied widely in the history of the united states?
It means nothing because the Euro is overvalued anyway and the investors are only going to get stuck in the ass. The only way that the Euro can save itself is if the EU acts as one instead of many, but it wont, and the euro will fall, just watch. why do you think several countries have kept their own currency? britain and sweden to name two. dont let some italian bankers fool you into believing the value of the dollar is going down, its currently undervalued, thats all. let the free market show you the way.
turns out pfft was the sound of some one unloading in your pie hole, lol still waiting hahaha !Spumantiii wrote:
pfft I'll take an informed man's word for it, obviously
yes ? what happend ? nothing, nothing at all. pfft.Spumantiii wrote:
pfft I'll take an informed man's word for it, obviously
The dollar fell. It is very, very low at the moment.Hunter/Jumper wrote:
yes ? what happend ? nothing, nothing at all. pfft.Spumantiii wrote:
pfft I'll take an informed man's word for it, obviously
That's not how currency markets work. They are all about demand, much like the stock market. If people buy lots of dollars, the value goes up, if people sell lots of dollars, the value goes down - likewise with the Euro, it's worth a lot because people want to buy them, the same is true of sterling. Domestically there is unlikely to be that significant an impact, except on imported goods.sfarrar33 wrote:
Ok so from what you lot have said I get a summary along the lines of:
-US $ slowly declining.
-Now Italy hits it a little and other countries may follow suit further hurting the $ but making the £ sterling stronger and in turn the euro stronger.
-For a time Europe is happy and America is not so happy.
-But then this deflation of the $ ripples throughout the world market and brings the £ and the euro down.
-The Euro and the £ recover with the rate of inflation, but the $ simply suffers if it doesn't sort its economy out or if Asia pulls funding out of the $.
-If the $ collapses the world market suffers but isn't destroyed although America is going to be a hell of a place to live in.
-Asia being the power house economy of the future comes out shining after a few years and Europe continues to plod along with an uncertain future for the EU.
-Africa isn't involved and largely doesn't care.
Have I miss interpreted anything or missed anything out?
(my opinion: then history repeats in a century or two with US or Africa gaining power and Asia falling and Europe continuing to plod along)
Last edited by Bertster7 (2007-05-29 17:13:43)
It's time for America to go back to the Gold Standard. Fiat money has run its course due to irresponsible politicians.RicardoBlanco wrote:
Interesting...
http://www.telegraph.co.uk/money/main.j … nboi03.xml
Italy is renound for having clever bankers and appears to be influenced by Germany and France who, according to the article, will most likely follow suit in slashing their holdings of US dollar bonds in favour of Sterling. This is on the back of the UAE and Qatar saying they are moving to Euro holdings.
If China and Japan decide to go the same way the dollar would crash.
I am talking about a few years (5/10/15/20 years etc) into the future and not this year or the next, I know that atm the US has high inflation, but generally that leads to an economic shortfall in the future. Currency markets on the scale we are talking of generally have direct effects on country economy as well causing deflation and infaltion, so yes whilst the markets are about supply and demand the money made and lost from this largely isn't.Bertster7 wrote:
That's not how currency markets work. They are all about demand, much like the stock market. If people buy lots of dollars, the value goes up, if people sell lots of dollars, the value goes down - likewise with the Euro, it's worth a lot because people want to buy them, the same is true of sterling. Domestically there is unlikely to be that significant an impact, except on imported goods.
It's not inflation or deflation. There is no deflation in the US. It is about comparitive values.
In fact inflation in the US is higher than in the UK, which in turn has higher (on average) inflation rates than the EU. There was concern about the level of inflation in the UK reaching 2.7%, in the US the rate of inflation for 2006 was 3.24%. That would suggest that the dollar will fall even further, due to the disparity in inflation rates between Europe and the US.
It's about par for the course in the US.Harmor wrote:
Is 3.4% inflation high?
You're jumping the gun. The predictions made in this thread are not on a timetable. Stop trying to appear high and mighty using fallacious logic.Hunter/Jumper wrote:
The dollar is fine. It was a storm in a Tea Cup. For once I wish some would just admit they were wrong.
Sorry but that is WRONG. The US is not the largest producer of rice. That is just wrong. China makes 70% of the worlds rice.Phrozenbot wrote:
"In agriculture, the country is a top producer of corn, soy beans, rice, and wheat", straight from the US article on wikipedia. I checked rice article and it looked a little different. Hmms, I'm confused. Oh well... we do though have one thing we like to export; jobs.Bertster7 wrote:
Not that much rice - India and China account for the bulk of global rice production. Agricultural exports do not account for very much of the value of US exports.Hellogoodsir wrote:
Most rice, corn, soy, and all sorts of goodies. Our bread basket is the world's baby.
The fact that my pound was worth $1.7 and its now worth $2 is quite a large change.Hunter/Jumper wrote:
The dollar is fine. It was a storm in a Tea Cup. For once I wish some would just admit they were wrong.