GoFuckYourself.com - Adult Webmaster Forum - View Single Post - China signals plans of swapping its $1TRILLION+ reserves for Euros/CDN

$5 submissions · 11-08-2007, 05:42 AM

http://www.washingtontimes.com/apps/...111080086/1001

China roiled financial markets around the globe yesterday when it asserted that the dollar is losing its luster as the world's reserve currency and that Beijing will swap some of its $1.4 trillion in reserves out of U.S. dollars and into stronger currencies like the euro and Canadian dollar.

Looks like some rough times for the USD up ahead.

My initial thought: Wait for the bottom and buy in to USD. Over the long haul (5+years), I see it going back to previous levels.

Your thoughts?

11-08-2007, 05:42 AM
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	China signals plans of swapping its $1TRILLION+ reserves for Euros/CDN http://www.washingtontimes.com/apps/...111080086/1001 China roiled financial markets around the globe yesterday when it asserted that the dollar is losing its luster as the world's reserve currency and that Beijing will swap some of its $1.4 trillion in reserves out of U.S. dollars and into stronger currencies like the euro and Canadian dollar. Looks like some rough times for the USD up ahead. My initial thought: Wait for the bottom and buy in to USD. Over the long haul (5+years), I see it going back to previous levels. Your thoughts? __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants