need some currency advice

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  • k0nr4d
    Confirmed User
    • Aug 2006
    • 9231
    #1

    need some currency advice

    Hey guys, need some advice here. I've got $30k CAD that I will be moving into either USD or EUR, but which would be better to do?

    Is USD going to tank further because of this subprime stuff?
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    • polish_aristocrat
      Too lazy to set a custom title
      • Jul 2002
      • 40377
      #2
      you moved from Canada to Poland, right?
      why not change that $30k CAD into polish PLN?

      the polish currency is stronger than ever, but it should get even more stronger before PLN gets replaced by the Euro

      and if you keep cash in the bank, you got very good interest rate in Poland now, like 7% per year or so I think

      with the USD long term I think it should get stronger compared to the EUR again at some point, but short term and mid term, I don't really know
      I don't use ICQ anymore.

        Comment

        • faxxaff
          Confirmed User
          • Dec 2002
          • 2134
          #3
          Originally posted by polish_aristocrat
          you moved from Canada to Poland, right?
          why not change that $30k CAD into polish PLN?

          the polish currency is stronger than ever, but it should get even more stronger before PLN gets replaced by the Euro

          and if you keep cash in the bank, you got very good interest rate in Poland now, like 7% per year or so I think

          with the USD long term I think it should get stronger compared to the EUR again at some point, but short term and mid term, I don't really know
          I would not count on the Greenback to recover. To bad real estate in PLN is very expensive ...
          Asian Babes

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            • k0nr4d
              Confirmed User
              • Aug 2006
              • 9231
              #4
              Originally posted by polish_aristocrat
              you moved from Canada to Poland, right?
              why not change that $30k CAD into polish PLN?

              the polish currency is stronger than ever, but it should get even more stronger before PLN gets replaced by the Euro

              and if you keep cash in the bank, you got very good interest rate in Poland now, like 7% per year or so I think

              with the USD long term I think it should get stronger compared to the EUR again at some point, but short term and mid term, I don't really know
              I can't open a bank account in Poland, there's a military draft up to age 25 so i'm technically here as a tourist not a resident until i get older then that or they remove that law... I want to get out of my Canadian bank because they don't do online wire transfers, or frankly allow ANYTHING unless you go there in person.
              Last edited by k0nr4d; 09-21-2008, 03:19 AM.
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                • k0nr4d
                  Confirmed User
                  • Aug 2006
                  • 9231
                  #5
                  Originally posted by faxxaff
                  I would not count on the Greenback to recover. To bad real estate in PLN is very expensive ...
                  No kidding. A shitty little 600sqft 1 bedroom apartment in like $160K USD, and that's not even in Warsaw.
                  Mechanical Bunny Media
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                    • Bomber8888
                      Confirmed User
                      • Mar 2004
                      • 1444
                      #6
                      If you have a TD business account you can open up an online wiring service with their business reps... i've used it .. its pretty good.
                      Icq - 403858640
                      bomber.jason AT gmail dot com

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                        • Deputy Chief Command
                          Deputy Chief Command
                          • Nov 2005
                          • 4482
                          #7
                          go to the casino and put it all on black !

                            Comment

                            • moyofun
                              Registered User
                              • Feb 2008
                              • 90
                              #8
                              Buy some real estate in Romania or Bulgaria.

                              If you want to invest 30K for long time (15-20 years or more!) buy something in Tirana (Albania)
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                                • Deputy Chief Command
                                  Deputy Chief Command
                                  • Nov 2005
                                  • 4482
                                  #9
                                  Originally posted by moyofun
                                  Buy some real estate in Romania or Bulgaria.

                                  If you want to invest 30K for long time (15-20 years or more!) buy something in Tirana (Albania)


                                  true dat . . you can buy houses there for 4000 USD . . nah . . sorry make that EURO

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