short-time Posted April 6, 2005 Report Share Posted April 6, 2005 I agree with you and others that the US dollar will continue to fall, how far, who can say? Read a prediction the other day that the price of a barrel of oil may reach $107 in the next couple of years... One thing I?ve done is stash a substantial sum of money in diversified International CD?s through EverBank. I?m still pondering on what to do with my 401K. I?m no economist, but if the US economy tanks the other world markets and currencies will be adversely affected also. Tough decision as to where to put your savings, but gold is starting to look better and better as a capital preservation alternative. You might not get rich investing in gold, but it?s unlikely you will lose your ass as might be the case with stocks and the rest. ST Link to comment Share on other sites More sharing options...
OCgringo Posted April 6, 2005 Author Report Share Posted April 6, 2005 Well since I started this thread months ago the dollar has gone from 41 baht down to under 38 baht and now up to 39.5 The US$ - euro rate has been up to 1.35 now 1.29 ANY pattern here ? , not that I can see I will keep my money in US$ , if it does go down 20-30% more the world economy will die , the US is the biggest market, the rest of the world cannot afford a collapse ! The money has already been made in gold , I do not see it moving 10% up ever OC Link to comment Share on other sites More sharing options...
short-time Posted April 7, 2005 Report Share Posted April 7, 2005 Well, if tong is not an option for you how about investing in black gold - Oil stocks. There seems to be no limit to price increases for oil which fuels the engines of the world. ST Link to comment Share on other sites More sharing options...
unit731 Posted April 8, 2005 Report Share Posted April 8, 2005 :nono:The U.S. dollar has been sagging against the euro, the currency used by France, Germany and 10 other European countries. After Greenspan's remarks, which spurred traders to dump more dollars, the dollar fell again, flirting with a record low against the euro. The value of the greenback dropped to a 4 1/2-year low against Japan's yen. The dollar's slide has been good for U.S. manufacturers because it makes their products less expensive in foreign markets. That can help U.S. exports and narrow the trade gap. Although the Bush administration publicly espouses a "strong dollar" policy, officials have done nothing meant specially to stem the dollar's decline. Private economists believe that's because the administration is OK with what so far has been a relatively orderly decline of the dollar. Link to comment Share on other sites More sharing options...
Prosal Posted May 3, 2005 Report Share Posted May 3, 2005 I was in Brasil recently and hang around in some Sao Paulo's fine clubs with a US bro ; 2.50 reals for the us$ began to hurt him, compared with 3.40 reals for the ?. Thailand is a bargain currently at 51 baths. Gonna take my son for a three weeks vacations to BKK and Hua Hin in July, it will cost much less than Corsica, where we usually go, even with the cost of the plane ticket !! Link to comment Share on other sites More sharing options...
OCgringo Posted June 17, 2005 Author Report Share Posted June 17, 2005 just looked and the baht has hit 41 plus against the US$ thats a pretty big drop in a couple months Link to comment Share on other sites More sharing options...
OCgringo Posted July 8, 2005 Author Report Share Posted July 8, 2005 41.75 baht TODAY as the US$ was up a litle today Link to comment Share on other sites More sharing options...
Guest Posted July 8, 2005 Report Share Posted July 8, 2005 up a little?? Lost over 3 percent on goods I bought a couple of weeks ago in SriLanka. Just got a mail stating how much more I need to wire. Euro below 1.20. tss tss... But I guess something good to get from the dollar rise Link to comment Share on other sites More sharing options...
krml Posted July 9, 2005 Report Share Posted July 9, 2005 I think the dollar will continue to go up for a while. Oil is still climbing and by what I was reading Thailand imports 98% of their oil. This is causing prices to go up in LOS which is helping to destabilize the economy. There is also talk of a possible strike if the country does not raise the minimum wage. To be honest I didn't think they had a minimum wage considering the salaries of some of the Thai people I know. Link to comment Share on other sites More sharing options...
gtharm Posted July 9, 2005 Report Share Posted July 9, 2005 Down to 42.14 today. At this rate, I'll have another 10,000+ Baht to spend without changing my budget at all(initially budgeted around 39). That is sweet! 2 more days till I get to start spending it! Link to comment Share on other sites More sharing options...
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