Europeans: What would you do with 50 000 USD?

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  • nastyking
    • Nov 2002
    • 2174

    #1

    Europeans: What would you do with 50 000 USD?

    Let's say you live in Europe and have 50 0000 USD

    What would you do?

  • Dirty F
    Too lazy to set a custom title
    • Jul 2001
    • 59204

    #2
    Get 10 hot hookers, coke and champagne and see how long it lasts.

    Seriously.

    Comment

    • Libertine
      sex dwarf
      • May 2002
      • 17860

      #3


      Put it in my bank account with the rest of my money?
      /(bb|[^b]{2})/

      Comment

      • nastyking
        • Nov 2002
        • 2174

        #4
        Originally posted by Battuss
        Get 10 hot hookers, coke and champagne and see how long it lasts.

        Seriously.
        I meant something different

        Would you exchange it to EUR or keep the USD and wait for better times?

        Comment

        • Libertine
          sex dwarf
          • May 2002
          • 17860

          #5
          Originally posted by Battuss
          Get 10 hot hookers, coke and champagne and see how long it lasts.

          Seriously.
          With 10 hot hookers, coke and champagne it'll only last a weekend
          /(bb|[^b]{2})/

          Comment

          • Jakke PNG
            ex-TeenGodFather
            • Nov 2001
            • 20306

            #6
            Buy a crappy used car and pay for 6 months insurance and gas. That's about it, maybe buy a 6-pack of beer if there's any change left.
            ..and I'm off.

            Comment

            • Sambo
              So Fucking Banned
              • Mar 2004
              • 1187

              #7
              Originally posted by nastyking
              Let's say you live in Europe and have 50 0000 USD

              What would you do?

              This week invest it.....

              But the way things are going next week it will be toilet paper

              Anyone paying in Euros BTW?

              Comment

              • nastyking
                • Nov 2002
                • 2174

                #8
                Originally posted by punkworld


                Put it in my bank account with the rest of my money?

                You would "loose" around 11 400 EUR exchanging it

                Comment

                • Nylz
                  Confirmed User
                  • Apr 2004
                  • 8285

                  #9
                  Bought a Maserati
                  No sig.

                  Comment

                  • Libertine
                    sex dwarf
                    • May 2002
                    • 17860

                    #10
                    Originally posted by nastyking
                    I meant something different

                    Would you exchange it to EUR or keep the USD and wait for better times?
                    I'd exchange it immediately. The USD is still falling, and since it doesn't seem the deficit will get fixed any time soon, it will probably continue to fall.
                    /(bb|[^b]{2})/

                    Comment

                    • polish_aristocrat
                      Too lazy to set a custom title
                      • Jul 2002
                      • 40377

                      #11
                      I dont know shit about currency market, but I think the USD will decline in next months, but perhaps in like 3 -4 years it will be strong again...
                      I don't use ICQ anymore.

                      Comment

                      • swedguy
                        Confirmed User
                        • Jan 2002
                        • 7981

                        #12
                        I sure as hell wouldn't withdraw it at the current exchange rate.

                        Comment

                        • Dalai lama
                          Strength and Honor
                          • Jul 2004
                          • 16540

                          #13
                          wait till the USD-EURO was at a better rate

                          A program you can trust.
                          Gallerybooster Run multiply TGPs of 1 script

                          Comment

                          • nastyking
                            • Nov 2002
                            • 2174

                            #14
                            I DO NOT WANT TO KNOW HOW TO SPEND IT

                            I read an article in the newspaper today that the US dollar can go down to 1,40 EUR

                            I'm waiting for a better rate now for quite some time.

                            Comment

                            • Raf1
                              Too lazy to set a custom title
                              • Oct 2003
                              • 12117

                              #15
                              I have a similar problem. I'm not sure if I should exchange my dollars now or wait. Some say the exchange rate will get better, some say it will get worse...
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                              Comment

                              • nastyking
                                • Nov 2002
                                • 2174

                                #16
                                Originally posted by Dalai lama
                                wait till the USD-EURO was at a better rate
                                was is good

                                Comment

                                • Dalai lama
                                  Strength and Honor
                                  • Jul 2004
                                  • 16540

                                  #17
                                  Originally posted by nastyking
                                  I DO NOT WANT TO KNOW HOW TO SPEND IT

                                  I read an article in the newspaper today that the US dollar can go down to 1,40 EUR

                                  I'm waiting for a better rate now for quite some time.

                                  1,40 ?



                                  dude this shit is a fucking hell

                                  A program you can trust.
                                  Gallerybooster Run multiply TGPs of 1 script

                                  Comment

                                  • Nylz
                                    Confirmed User
                                    • Apr 2004
                                    • 8285

                                    #18
                                    Originally posted by nastyking

                                    I read an article in the newspaper today that the US dollar can go down to 1,40 EUR


                                    I WISH the us dollar was 1,40 EUR!
                                    No sig.

                                    Comment

                                    • Dalai lama
                                      Strength and Honor
                                      • Jul 2004
                                      • 16540

                                      #19
                                      Originally posted by nastyking
                                      was is good
                                      ya i know

                                      A program you can trust.
                                      Gallerybooster Run multiply TGPs of 1 script

                                      Comment

                                      • nastyking
                                        • Nov 2002
                                        • 2174

                                        #20
                                        Originally posted by Nylz


                                        I WISH the us dollar was 1,40 EUR!
                                        Sorry, Typo. I'm quite in rage after i read that article

                                        Comment

                                        • Jer
                                          God is Brazilian
                                          • Feb 2001
                                          • 10601

                                          #21
                                          I would move to Brazil and buy an apartment

                                          Comment

                                          • Nylz
                                            Confirmed User
                                            • Apr 2004
                                            • 8285

                                            #22
                                            Originally posted by nastyking
                                            Sorry, Typo. I'm quite in rage after i read that article


                                            I remember I was happy a few months ago, when the euro got below 1,20 dollar again..
                                            No sig.

                                            Comment

                                            • Sarma
                                              Confirmed User
                                              • Jun 2004
                                              • 715

                                              #23
                                              I'd buy ? becauce USD is falling
                                              I make up to $175 per sale, how about you? -> MoreNiche.com

                                              Comment

                                              • Platinumpimp
                                                Logos and such.
                                                • Jan 2004
                                                • 10214

                                                #24
                                                Originally posted by Nylz
                                                Bought a Maserati
                                                Yea, but that one was over 50k dollars
                                                I design logo's.

                                                Comment

                                                • justsexxx
                                                  Too lazy to set a custom title
                                                  • Aug 2001
                                                  • 13723

                                                  #25
                                                  I heard on business news that the dollar euro rate only will get worse for us Europeans in the coming years.

                                                  Since it's cheaper for us to Import, and the USA can easily export.

                                                  I hope they are wrong, but I guess it's true, so I cash all USD to euro's already and put that on a 4% saving account...

                                                  Andre
                                                  Questions?

                                                  ICQ: 125184542

                                                  Comment

                                                  • Nylz
                                                    Confirmed User
                                                    • Apr 2004
                                                    • 8285

                                                    #26
                                                    Originally posted by PlatinumPimp
                                                    Yea, but that one was over 50k dollars
                                                    yeah you're right, fuck

                                                    Well I don't know then..
                                                    No sig.

                                                    Comment

                                                    • justsexxx
                                                      Too lazy to set a custom title
                                                      • Aug 2001
                                                      • 13723

                                                      #27
                                                      Originally posted by Nylz
                                                      yeah you're right, fuck

                                                      Well I don't know then..
                                                      No second hand?
                                                      Questions?

                                                      ICQ: 125184542

                                                      Comment

                                                      • Nylz
                                                        Confirmed User
                                                        • Apr 2004
                                                        • 8285

                                                        #28
                                                        Originally posted by justsexxx
                                                        No second hand?
                                                        What, my car? yes it is, but it was a bit more than 50k US, since the US$ isn't worth shit anymore
                                                        No sig.

                                                        Comment

                                                        • JFK
                                                          FUBAR the ORIGINATOR
                                                          • Jan 2002
                                                          • 67369

                                                          #29
                                                          Originally posted by nastyking
                                                          Let's say you live in Europe and have 50 0000 USD

                                                          What would you do?

                                                          dump it quickly , buy Euros..........The US $ is not worth shit unfortunately

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                                                          Comment

                                                          • reynold
                                                            Too lazy to set a custom title
                                                            • Oct 2002
                                                            • 51271

                                                            #30
                                                            Originally posted by nastyking
                                                            I meant something different

                                                            Would you exchange it to EUR or keep the USD and wait for better times?
                                                            I would go for saving it and wait til what happens next.

                                                            Comment

                                                            • jf2404
                                                              Confirmed User
                                                              • Feb 2004
                                                              • 657

                                                              #31
                                                              Get it changed into £ pounds would be a good start.

                                                              Comment

                                                              • polish_aristocrat
                                                                Too lazy to set a custom title
                                                                • Jul 2002
                                                                • 40377

                                                                #32
                                                                Originally posted by jf2404
                                                                Get it changed into £ pounds would be a good start.
                                                                why ?
                                                                I don't use ICQ anymore.

                                                                Comment

                                                                • Nicky
                                                                  Too lazy to set a custom title
                                                                  • Mar 2003
                                                                  • 30071

                                                                  #33
                                                                  Originally posted by nastyking
                                                                  Let's say you live in Europe and have 50 0000 USD

                                                                  What would you do?

                                                                  Invest them in various things......

                                                                  gfynicky @ gmail.com

                                                                  Comment

                                                                  • quincy
                                                                    Confirmed User
                                                                    • Jun 2004
                                                                    • 444

                                                                    #34
                                                                    Originally posted by nastyking
                                                                    Let's say you live in Europe and have 50 0000 USD

                                                                    What would you do?

                                                                    buy Europe. hehehe

                                                                    i'll probably spend half of it while touring the continent
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                                                                    Comment

                                                                    • jf2404
                                                                      Confirmed User
                                                                      • Feb 2004
                                                                      • 657

                                                                      #35
                                                                      coz i live in the UK and a picture of some dead president doesnt buy shit.

                                                                      Comment

                                                                      • coolfuck
                                                                        Confirmed User
                                                                        • Jun 2004
                                                                        • 2440

                                                                        #36
                                                                        Originally posted by Battuss
                                                                        Get 10 hot hookers, coke and champagne and see how long it lasts.

                                                                        Seriously.
                                                                        good fucking idea .. i would do the same
                                                                        WANT TO PLACE YOUR TEXT/BANNER HERE?
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                                                                        Comment

                                                                        • Tipsy
                                                                          Confirmed User
                                                                          • Jul 2001
                                                                          • 6989

                                                                          #37
                                                                          As others have said change it unless I can find a way to invest it in the US and afford to wait several years. As it stands there's likely to be no improvement in the exchange rates anytime soon so best to cut your losses now.
                                                                          Ignorance is never bliss.

                                                                          Comment

                                                                          • volante
                                                                            Confirmed User
                                                                            • Mar 2002
                                                                            • 2940

                                                                            #38
                                                                            At the current exchange rate? Buy a Big Mac.

                                                                            If there's any money left over, buy some fries.

                                                                            Comment

                                                                            • nastyking
                                                                              • Nov 2002
                                                                              • 2174

                                                                              #39
                                                                              Originally posted by volante
                                                                              At the current exchange rate? Buy a Big Mac.

                                                                              If there's any money left over, buy some fries.
                                                                              So true

                                                                              Comment

                                                                              • vickyQ
                                                                                Confirmed User
                                                                                • Nov 2004
                                                                                • 141

                                                                                #40
                                                                                Go to the U.S. or to states where USD has good value and enjoy part of the money there.

                                                                                In U.S. you can buy very cheap electronics compared to EU, etc..

                                                                                Or, make an account in USD in your EU bank and leave the money there, get a credit card for the account and buy through the net. It's good for investment in U.S. as well.

                                                                                I think I'd do all the above with 25k, the rest would be exchanged to EUR and finally I'd have bike I dream of. :-)
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                                                                                Comment

                                                                                • e-god
                                                                                  Confirmed User
                                                                                  • Jan 2003
                                                                                  • 1738

                                                                                  #41
                                                                                  Originally posted by nastyking
                                                                                  Let's say you live in Europe and have 50 0000 USD

                                                                                  What would you do?

                                                                                  You mean 0.5 million or 50k?

                                                                                  Anyway
                                                                                  I think you should wait 4-5 years, the situation should be better than now... or worse... well heh

                                                                                  Comment

                                                                                  • ltl
                                                                                    Registered User
                                                                                    • Jul 2003
                                                                                    • 34

                                                                                    #42
                                                                                    Originally posted by Dalai lama
                                                                                    1,40 ?



                                                                                    dude this shit is a fucking hell
                                                                                    I did some quick research to find out how bad it could get... One of the worst times for the $'s value outside the US was the early 1970s with the oil crisis.

                                                                                    The EU currency didn't exist then but GBP did of course. So going on the current conversion rates from GBP to EU I worked out what the $ would be worth in EU's if they existed and were the same conversion rate from GBP to EU's today. For the rates for the 9th of Nov. 1971. It came out as 1 EU would buy you 1.72 USD (or if you prefer $1 would get you 0.58 EU). All figures apx of course as the EU didn't exist then.

                                                                                    If anyones interested that's equivalent to 1 GBP = 2.49 USD or 1 USD gets you 40 UK pence.

                                                                                    I guess we have a little way to go yet with an EU currently buying 1.29 - but if it goes there that will be very "interesting"... That wasn't the worst either - it's just one I picked from that time because it was todays date and a bad year.

                                                                                    People ought to have contingency for this just in case... since this appears to be Bush's "policy".

                                                                                    So I guess given all the above I'd probably either go to the US and spend the 50k having a good time or investing in something over there... or cash it in and take a hit on the bad conversion on the assumption it could get plenty worse yet and probably will...

                                                                                    DISCLAIMER: Apologies if any of my math is wrong but I don't think it is. Sources for conversions: Oanda's FXHistory.
                                                                                    Last edited by ltl; 11-09-2004, 08:19 AM.

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