Home › Forums › Financial Markets/Economics › This should kick the dollar up a bit next week
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bsrsharma.
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July 5, 2009 at 1:42 PM #426244July 5, 2009 at 1:51 PM #425500
XBoxBoy
ParticipantPadreBrian,
If you take these comments at face value, then you’re probably right, they will help support the dollar. However, given how much talk has happened lately regarding dropping the dollar as a reserve currency you have to wonder how reliable these comments are.
In general I think that China, India, Russia, Brazil, and the other developing countries would like to see an orderly move away from the dollar as the reserve currency. But it’s doubtful that such a move could be orderly. So, that leaves us with either, dollar remains the reserve currency, or a sudden move that either causes a crisis, or is caused by a crisis.
I’ve got no real insight into which path this will take. But I suspect that whatever is going to happen, will happen regardless of the speeches given by various officials, either Chinese or US.
XBoxBoy
July 5, 2009 at 1:51 PM #425730ParticipantPadreBrian,
If you take these comments at face value, then you’re probably right, they will help support the dollar. However, given how much talk has happened lately regarding dropping the dollar as a reserve currency you have to wonder how reliable these comments are.
In general I think that China, India, Russia, Brazil, and the other developing countries would like to see an orderly move away from the dollar as the reserve currency. But it’s doubtful that such a move could be orderly. So, that leaves us with either, dollar remains the reserve currency, or a sudden move that either causes a crisis, or is caused by a crisis.
I’ve got no real insight into which path this will take. But I suspect that whatever is going to happen, will happen regardless of the speeches given by various officials, either Chinese or US.
XBoxBoy
July 5, 2009 at 1:51 PM #426016ParticipantPadreBrian,
If you take these comments at face value, then you’re probably right, they will help support the dollar. However, given how much talk has happened lately regarding dropping the dollar as a reserve currency you have to wonder how reliable these comments are.
In general I think that China, India, Russia, Brazil, and the other developing countries would like to see an orderly move away from the dollar as the reserve currency. But it’s doubtful that such a move could be orderly. So, that leaves us with either, dollar remains the reserve currency, or a sudden move that either causes a crisis, or is caused by a crisis.
I’ve got no real insight into which path this will take. But I suspect that whatever is going to happen, will happen regardless of the speeches given by various officials, either Chinese or US.
XBoxBoy
July 5, 2009 at 1:51 PM #426085ParticipantPadreBrian,
If you take these comments at face value, then you’re probably right, they will help support the dollar. However, given how much talk has happened lately regarding dropping the dollar as a reserve currency you have to wonder how reliable these comments are.
In general I think that China, India, Russia, Brazil, and the other developing countries would like to see an orderly move away from the dollar as the reserve currency. But it’s doubtful that such a move could be orderly. So, that leaves us with either, dollar remains the reserve currency, or a sudden move that either causes a crisis, or is caused by a crisis.
I’ve got no real insight into which path this will take. But I suspect that whatever is going to happen, will happen regardless of the speeches given by various officials, either Chinese or US.
XBoxBoy
July 5, 2009 at 1:51 PM #426249ParticipantPadreBrian,
If you take these comments at face value, then you’re probably right, they will help support the dollar. However, given how much talk has happened lately regarding dropping the dollar as a reserve currency you have to wonder how reliable these comments are.
In general I think that China, India, Russia, Brazil, and the other developing countries would like to see an orderly move away from the dollar as the reserve currency. But it’s doubtful that such a move could be orderly. So, that leaves us with either, dollar remains the reserve currency, or a sudden move that either causes a crisis, or is caused by a crisis.
I’ve got no real insight into which path this will take. But I suspect that whatever is going to happen, will happen regardless of the speeches given by various officials, either Chinese or US.
XBoxBoy
July 5, 2009 at 2:57 PM #425536PadreBrian
ParticipantGold will never go down. They ain’t making any more gold. Buy now or you’ll always be priced out.
🙂
Really though, a lil gold is fine, bought when it was reasonable. The charts for gold look like housing or oil prices a few years ago…about to burst.
Buy low sell high. That’s all I know.
July 5, 2009 at 2:57 PM #425765ParticipantGold will never go down. They ain’t making any more gold. Buy now or you’ll always be priced out.
🙂
Really though, a lil gold is fine, bought when it was reasonable. The charts for gold look like housing or oil prices a few years ago…about to burst.
Buy low sell high. That’s all I know.
July 5, 2009 at 2:57 PM #426051ParticipantGold will never go down. They ain’t making any more gold. Buy now or you’ll always be priced out.
🙂
Really though, a lil gold is fine, bought when it was reasonable. The charts for gold look like housing or oil prices a few years ago…about to burst.
Buy low sell high. That’s all I know.
July 5, 2009 at 2:57 PM #426120ParticipantGold will never go down. They ain’t making any more gold. Buy now or you’ll always be priced out.
🙂
Really though, a lil gold is fine, bought when it was reasonable. The charts for gold look like housing or oil prices a few years ago…about to burst.
Buy low sell high. That’s all I know.
July 5, 2009 at 2:57 PM #426284ParticipantGold will never go down. They ain’t making any more gold. Buy now or you’ll always be priced out.
🙂
Really though, a lil gold is fine, bought when it was reasonable. The charts for gold look like housing or oil prices a few years ago…about to burst.
Buy low sell high. That’s all I know.
July 5, 2009 at 3:44 PM #425567patientrenter
ParticipantArraya and XBoxBoy make good points.
Look at what China and other CBs do, not what they say. They clearly need to move to fewer dollars, and that will happen.
July 5, 2009 at 3:44 PM #425795ParticipantArraya and XBoxBoy make good points.
Look at what China and other CBs do, not what they say. They clearly need to move to fewer dollars, and that will happen.
July 5, 2009 at 3:44 PM #426083ParticipantArraya and XBoxBoy make good points.
Look at what China and other CBs do, not what they say. They clearly need to move to fewer dollars, and that will happen.
July 5, 2009 at 3:44 PM #426150ParticipantArraya and XBoxBoy make good points.
Look at what China and other CBs do, not what they say. They clearly need to move to fewer dollars, and that will happen.
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