Home › Forums › Financial Markets/Economics › Sold my gold
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February 5, 2008 at 2:08 PM #148458February 5, 2008 at 3:08 PM #148847
Borat
ParticipantIf you want to put your stored value somewhere – try euros, swiss francs, yen, oil, corn futures.
Don’t know about the corn and oil, but any currency issued by a country that depends on the US to buy its goods may have the same problem the dollar does. As the dollar devalues relative to the euro or the yen, the european or japanese central banks may decide to devalue their own currency to keep their US exports affordable. As other countries begin consuming more, this may cease to be the case, but for now Japan and Europe need us to buy their products.
I have heard that the Swiss Franc and the Yen are good bets right now. Who knows about gold, though.
February 5, 2008 at 3:08 PM #148745ParticipantIf you want to put your stored value somewhere – try euros, swiss francs, yen, oil, corn futures.
Don’t know about the corn and oil, but any currency issued by a country that depends on the US to buy its goods may have the same problem the dollar does. As the dollar devalues relative to the euro or the yen, the european or japanese central banks may decide to devalue their own currency to keep their US exports affordable. As other countries begin consuming more, this may cease to be the case, but for now Japan and Europe need us to buy their products.
I have heard that the Swiss Franc and the Yen are good bets right now. Who knows about gold, though.
February 5, 2008 at 3:08 PM #148763ParticipantIf you want to put your stored value somewhere – try euros, swiss francs, yen, oil, corn futures.
Don’t know about the corn and oil, but any currency issued by a country that depends on the US to buy its goods may have the same problem the dollar does. As the dollar devalues relative to the euro or the yen, the european or japanese central banks may decide to devalue their own currency to keep their US exports affordable. As other countries begin consuming more, this may cease to be the case, but for now Japan and Europe need us to buy their products.
I have heard that the Swiss Franc and the Yen are good bets right now. Who knows about gold, though.
February 5, 2008 at 3:08 PM #148776ParticipantIf you want to put your stored value somewhere – try euros, swiss francs, yen, oil, corn futures.
Don’t know about the corn and oil, but any currency issued by a country that depends on the US to buy its goods may have the same problem the dollar does. As the dollar devalues relative to the euro or the yen, the european or japanese central banks may decide to devalue their own currency to keep their US exports affordable. As other countries begin consuming more, this may cease to be the case, but for now Japan and Europe need us to buy their products.
I have heard that the Swiss Franc and the Yen are good bets right now. Who knows about gold, though.
February 5, 2008 at 3:08 PM #148493ParticipantIf you want to put your stored value somewhere – try euros, swiss francs, yen, oil, corn futures.
Don’t know about the corn and oil, but any currency issued by a country that depends on the US to buy its goods may have the same problem the dollar does. As the dollar devalues relative to the euro or the yen, the european or japanese central banks may decide to devalue their own currency to keep their US exports affordable. As other countries begin consuming more, this may cease to be the case, but for now Japan and Europe need us to buy their products.
I have heard that the Swiss Franc and the Yen are good bets right now. Who knows about gold, though.
February 5, 2008 at 3:12 PM #148857scaredyclassic
Participantyeah, people have only been using gold as a store of value, since, like the beginning of recorded history. Not much of a track record. When real declines start to kick in, like dow 4000, gold will show that it is not a bet, but a hedge.
Drink Heavily.
February 5, 2008 at 3:12 PM #148755Participantyeah, people have only been using gold as a store of value, since, like the beginning of recorded history. Not much of a track record. When real declines start to kick in, like dow 4000, gold will show that it is not a bet, but a hedge.
Drink Heavily.
February 5, 2008 at 3:12 PM #148773Participantyeah, people have only been using gold as a store of value, since, like the beginning of recorded history. Not much of a track record. When real declines start to kick in, like dow 4000, gold will show that it is not a bet, but a hedge.
Drink Heavily.
February 5, 2008 at 3:12 PM #148786Participantyeah, people have only been using gold as a store of value, since, like the beginning of recorded history. Not much of a track record. When real declines start to kick in, like dow 4000, gold will show that it is not a bet, but a hedge.
Drink Heavily.
February 5, 2008 at 3:12 PM #148503Participantyeah, people have only been using gold as a store of value, since, like the beginning of recorded history. Not much of a track record. When real declines start to kick in, like dow 4000, gold will show that it is not a bet, but a hedge.
Drink Heavily.
February 5, 2008 at 4:42 PM #148543anxvariety
ParticipantIt costs that much because someone on the market is willing to pay that much for it.
WOW!! That’s amazing!
February 5, 2008 at 4:42 PM #148825ParticipantIt costs that much because someone on the market is willing to pay that much for it.
WOW!! That’s amazing!
February 5, 2008 at 4:42 PM #148898ParticipantIt costs that much because someone on the market is willing to pay that much for it.
WOW!! That’s amazing!
February 5, 2008 at 4:42 PM #148813ParticipantIt costs that much because someone on the market is willing to pay that much for it.
WOW!! That’s amazing!
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