Europeans: What would you do with 50 000 USD? - GoFuckYourself.com

nastyking · 11-09-2004, 07:40 AM

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

What would you do?

Dirty F · 11-09-2004, 07:41 AM

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

Seriously.

Libertine · 11-09-2004, 07:42 AM

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

nastyking · 11-09-2004, 07:42 AM

Quote:

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?

Libertine · 11-09-2004, 07:42 AM

Quote:

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

Jakke PNG · 11-09-2004, 07:42 AM

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.

Sambo · 11-09-2004, 07:43 AM

Quote:

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?

nastyking · 11-09-2004, 07:43 AM

Quote:

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

Nylz · 11-09-2004, 07:44 AM

Bought a Maserati

Libertine · 11-09-2004, 07:44 AM

Quote:

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.

polish_aristocrat · 11-09-2004, 07:44 AM

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...

swedguy · 11-09-2004, 07:44 AM

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

Dalai lama · 11-09-2004, 07:44 AM

wait till the USD-EURO was at a better rate

nastyking · 11-09-2004, 07:47 AM

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.

Raf1 · 11-09-2004, 07:47 AM

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...

nastyking · 11-09-2004, 07:47 AM

Quote:

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

was is good

Dalai lama · 11-09-2004, 07:48 AM

Quote:

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

Nylz · 11-09-2004, 07:48 AM

Quote:

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!

Dalai lama · 11-09-2004, 07:48 AM

Quote:

Originally posted by nastyking
was is good

ya i know

nastyking · 11-09-2004, 07:50 AM

Quote:

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

Jer · 11-09-2004, 07:50 AM

I would move to Brazil and buy an apartment

Nylz · 11-09-2004, 07:51 AM

Quote:

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..

Sarma · 11-09-2004, 07:52 AM

I'd buy ? becauce USD is falling

Platinumpimp · 11-09-2004, 07:54 AM

Quote:

Originally posted by Nylz
Bought a Maserati

Yea, but that one was over 50k dollars

justsexxx · 11-09-2004, 07:54 AM

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

Nylz · 11-09-2004, 07:55 AM

Quote:

Originally posted by PlatinumPimp
Yea, but that one was over 50k dollars

yeah you're right, fuck

Well I don't know then..

justsexxx · 11-09-2004, 07:59 AM

Quote:

Originally posted by Nylz
yeah you're right, fuck

Well I don't know then..

No second hand?

Nylz · 11-09-2004, 08:01 AM

Quote:

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

JFK · 11-09-2004, 08:03 AM

Quote:

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

reynold · 11-09-2004, 08:14 AM

Quote:

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.

jf2404 · 11-09-2004, 08:46 AM

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

polish_aristocrat · 11-09-2004, 08:48 AM

Quote:

Originally posted by jf2404
Get it changed into £ pounds would be a good start.

why ?

Nicky · 11-09-2004, 08:49 AM

Quote:

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......

quincy · 11-09-2004, 08:52 AM

Quote:

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

jf2404 · 11-09-2004, 08:52 AM

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

coolfuck · 11-09-2004, 08:53 AM

Quote:

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

Tipsy · 11-09-2004, 08:55 AM

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.

volante · 11-09-2004, 09:00 AM

At the current exchange rate? Buy a Big Mac.

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

nastyking · 11-09-2004, 09:03 AM

Quote:

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

vickyQ · 11-09-2004, 09:09 AM

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. :-)

e-god · 11-09-2004, 09:31 AM

Quote:

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

ltl · 11-09-2004, 10:18 AM

Quote:

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.

11-09-2004, 07:40 AM	#1
nastyking Join Date: Nov 2002 Posts: 2,174	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? __________________

11-09-2004, 07:42 AM	#3
Libertine sex dwarf Join Date: May 2002 Posts: 17,860	Put it in my bank account with the rest of my money? __________________ /(bb\|[^b]{2})/

11-09-2004, 07:42 AM	#6
Jakke PNG ex-TeenGodFather Industry Role: Join Date: Nov 2001 Location: Suomi Finland Perkele Posts: 20,306	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.

11-09-2004, 07:44 AM	#9
Nylz Confirmed User Join Date: Apr 2004 Location: Rotterdam Posts: 8,285	Bought a Maserati __________________ No sig.

11-09-2004, 07:44 AM	#11
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	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.

11-09-2004, 07:41 AM	#2
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Get 10 hot hookers, coke and champagne and see how long it lasts. Seriously.

11-09-2004, 07:44 AM	#12
swedguy Confirmed User Industry Role: Join Date: Jan 2002 Posts: 7,981	I sure as hell wouldn't withdraw it at the current exchange rate.

11-09-2004, 07:44 AM	#13
Dalai lama Strength and Honor Join Date: Jul 2004 Location: Europe Posts: 16,540	wait till the USD-EURO was at a better rate __________________ A program you can trust. Gallerybooster Run multiply TGPs of 1 script

11-09-2004, 07:47 AM	#14
nastyking Join Date: Nov 2002 Posts: 2,174	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. __________________

11-09-2004, 07:47 AM	#15
Raf1 Too lazy to set a custom title Join Date: Oct 2003 Location: Writer for hire :) Gallery descriptions, articles, blog posts etc. ICQ: 209 356 106 Posts: 12,117	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... __________________ 80% Revshare or 30$ PPS on $1 trials: 200 Niches = Vidz.com Galleries / FLVs / Embeds 3 & 5mins FLVs \| RSS & Tube Feeds \| Matching Thumbs \| FLV Browser & Exporter \| No Prechecked Xsales >> Mobile Redirection Script: mobile.vidz.com also paying 80% net Lifetime << ICQ: 198-394-557

11-09-2004, 07:50 AM	#21
Jer God is Brazilian Join Date: Feb 2001 Location: Brazil Posts: 10,601	I would move to Brazil and buy an apartment

11-09-2004, 07:52 AM	#23
Sarma Confirmed User Join Date: Jun 2004 Location: Europe Posts: 715	I'd buy ? becauce USD is falling __________________ I make up to $175 per sale, how about you? -> MoreNiche.com

11-09-2004, 07:54 AM	#25
justsexxx Too lazy to set a custom title Join Date: Aug 2001 Location: The Netherlands Posts: 13,723	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

11-09-2004, 08:46 AM	#31
jf2404 Confirmed User Join Date: Feb 2004 Location: U.K Posts: 657	Get it changed into £ pounds would be a good start.

11-09-2004, 08:52 AM	#35
jf2404 Confirmed User Join Date: Feb 2004 Location: U.K Posts: 657	coz i live in the UK and a picture of some dead president doesnt buy shit.

11-09-2004, 08:55 AM	#37
Tipsy Confirmed User Join Date: Jul 2001 Location: See sig Posts: 6,989	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.

11-09-2004, 09:00 AM	#38
volante Confirmed User Join Date: Mar 2002 Location: LAX Immigration Posts: 2,940	At the current exchange rate? Buy a Big Mac. If there's any money left over, buy some fries.

11-09-2004, 09:09 AM	#40
vickyQ Confirmed User Join Date: Nov 2004 Posts: 141	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. :-) __________________ Hosting, domain name registrations and server security contact us for custom hosting offer