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US Dollar may crash
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cheongwee
Elite |
02-Jan-2009 10:54
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Buy some physical gold and silver for your own survival and for insurance.. Just like accident or fire insurance, you dont buy them and pray for fire and accident to happen...you buy them for the just in case and for protection.....we never know. And even if there are no finacial upheaval , gold and silver will definitely be play up in the process for us to profit. |
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cheongwee
Elite |
02-Jan-2009 10:48
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The next crises is not commercial properties or credit card, but the DOLLAR CRISES http://www.kitco.com/ind/Laird/oct232008.html What happen when all those money found their way back into US and together with the trillion inject currently??? You are going to get SUPA HYPERINFLATION.... Then you going to see dow to gold ratio of 1:1...if dow is 4000 then gold will be 4000!!!...silver 250!!!...oil 400!!!....est. |
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cheongwee
Elite |
02-Jan-2009 09:05
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http://www.kitco.com/ind/Laird/nov062008.html Will the dollar really crash??? |
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cheongwee
Elite |
02-Jan-2009 02:11
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There is more than a silver linning way above gold... http://news.silverseek.com/SilverSeek/1210917480.php |
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cheongwee
Elite |
02-Jan-2009 01:52
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for your optimistism and market confident...pls read http://www.addictedtoprofits.net/platmembers/Email%20Alert432008.pdf |
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cheongwee
Elite |
02-Jan-2009 01:42
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sorry typo error...last line should read....70 to 30 in favour of SILVER!!!..not gold.
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cheongwee
Elite |
02-Jan-2009 01:39
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$8.5 trillion in bailouts, handouts, and guarantees to stop the crisis. Won't that lead to hyperinflation and the destruction of the U.S. dollar? Buy gold and silver...and commodities stock..commodities bull is still much alive 8 month of down does not means it is the end...this bull start in 2001...average commodities bull cycle is 22 yrs..historically, if u refer to historical chart it is not unusual for the bull to hit low before going for a new high.. |
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HLJHLJ
Veteran |
02-Jan-2009 00:33
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Cash in King. Keep in Sg cash and wait for worst to be over to nibble. | ||||
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cheongwee
Elite |
02-Jan-2009 00:33
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For maximun profit, go for gold stock, if not sure than those fund relate to Precious metal...cos stock tend to outrun physical gold by 3 times.... Better still buy silver..historically, 1 oz gold buy 12 oz silver....but now 78!!!...silver is dirt cheap..rest assure silver will catch up with gold in the future.. For me it is 70 to 30 in favour of gold.... |
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dcang84
Veteran |
01-Jan-2009 21:56
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Buy GOLD!!!!!! |
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singaporegal
Supreme |
01-Jan-2009 20:30
Yells: "Female TA nut" |
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I think investing in Forex FDs are a bad idea. Currency movements are very volatile and given the nature of the FDs, you are not allowed to take out your money without a penalty. You could be stuck in a depreciating currency and not be able to get out of it.
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CWQuah
Master |
30-Dec-2008 14:42
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Same goes for Korean Won - cheap kimchi any1? I think USD more or less priced in future devaluation already - while Fed Reserve can continue to pump USD into system, frankly, at 0.25% fed rate, there's nothing much left to cut; at most they'll do quantitative easing, or better still, Fed Reserve take over the role of commercial banks and make commercial loans to boost lending. And don't forget, EUR, GBP still have more leeway compared to USD for rate cut. So, my guess is, USD will probably remain in tight value range ( likely 88-91) rather than plunge to, say, 80yen per USD. Follow the currency movement, not the news. |
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taybc1071
Senior |
30-Dec-2008 12:59
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hi pikachu, is it right time now to park spare cash into Aus/NZ Fd?
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pikachu
Veteran |
30-Dec-2008 11:50
Yells: "Holy Cow!" |
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Now is best time to go to Australia and NZ. Their dollar crash until very cheap now. Good value. |
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OneSharer
Veteran |
29-Dec-2008 02:03
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aiyo, saw thread heading  and thot can start planning for holiday.
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AK_Francis
Supreme |
29-Dec-2008 01:04
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
Jangan tension lah, thats no crahes loh. If greenback craches, world doom day liao. Ie 1 US only worth 0.5 Euro or below. | ||||
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scotty
Senior |
28-Dec-2008 21:38
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http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYiybgVHen10 |
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