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The Euro almost at 1.30 dollar - has it ever been so high? The Euro almost at 1.30 dollar - has it ever been so high?
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Old 06-04-2006, 01:18 PM   #1
Dirty F
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The Euro almost at 1.30 dollar - has it ever been so high?
Is this a record?


Record or not its crazy...
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Old 06-04-2006, 01:20 PM   #2
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I think the record was 2 years ago at 1.36
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Old 06-04-2006, 02:56 PM   #3
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maybe record but I hope it'll be not very long time.
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Old 06-04-2006, 03:00 PM   #4
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It sucks if you ask me.

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Old 06-04-2006, 03:07 PM   #5
Logan Videos
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Its that high when you compare it to US $...
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Old 06-04-2006, 03:09 PM   #6
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The price of booze is skyrocketing in the Southern States --

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Old 06-04-2006, 03:13 PM   #7
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no it is not a record, last month in this price "playing" 1,27-1,30
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Old 06-04-2006, 03:16 PM   #8
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Quote:
Originally Posted by nancycash(dot)com
maybe record but I hope it'll be not very long time.
Get used to it, its going to get higher.

The value of the dollar keeps getting worse and worse every year.

$10,000 in the bank today will be worth $5,000 in 5 years.
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Old 06-04-2006, 03:19 PM   #9
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Quote:
Originally Posted by Tdog
Get used to it, its going to get higher.

The value of the dollar keeps getting worse and worse every year.

$10,000 in the bank today will be worth $5,000 in 5 years.
If you think so, why dont you buy euro with your money?
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Old 06-04-2006, 03:24 PM   #10
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Originally Posted by Logan Videos
If you think so, why dont you buy euro with your money?
Why would I do something crazy like buy another worthless paper product?

I buy gold with my paper. Cant devalue gold.
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Old 06-04-2006, 03:27 PM   #11
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Originally Posted by Tdog
Why would I do something crazy like buy another worthless paper product?

I buy gold with my paper. Cant devalue gold.
Yea right. Can you explain me why in 1980, gold was at 900$ then suddenly, at the end of 1982, gold was at 300$?

Everything goes up and down... gold is just much slower than everything else, normally.
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Old 06-04-2006, 03:27 PM   #12
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Quote:
Originally Posted by Tdog
Get used to it, its going to get higher.

The value of the dollar keeps getting worse and worse every year.

$10,000 in the bank today will be worth $5,000 in 5 years.
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Old 06-04-2006, 03:33 PM   #13
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I have been trading in my Federal Notes since it was $285 an ounce in the year 2000.

Today the price is $635 an ounce.

Would I have been better off to leave my dollars in the bank or trade it in for gold?
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Old 06-04-2006, 03:46 PM   #14
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I dont think its been that high, glad I said Bye Bye to Europe 2 years ago
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Old 06-04-2006, 03:48 PM   #15
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Quote:
Originally Posted by Tdog
I have been trading in my Federal Notes since it was $285 an ounce in the year 2000.

Today the price is $635 an ounce.

Would I have been better off to leave my dollars in the bank or trade it in for gold?

I trade currency and in the last 6 years, I can tell you that I made way more than 250% back.

You must understand something: gold is not the perfect market that will always go up, like you stated. It will go down one day, just like everything else.

Anyway. I stop bitching now... Im goiing back outside.
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Old 06-04-2006, 03:54 PM   #16
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Gold, or any precious metal is only going to protect you from inflation. If you put your money in the bank for savings then you need to buy gold with that savings. This protects your savings.

If you make money and just spend it without any thought of saving, then dont buy gold.
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Old 06-04-2006, 04:01 PM   #17
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It's not that the Euro is getting higher. It's that the USD is getting lower and lower against almost all other currencies. When I started this business a few years back the USD was at 1.55 Canadian. Now it's 1.1 Canadian! By the end of the year it could be on par. Because I make my $ in USD and spend it all in CDN $ I shudder to think how much I'm losing now compared to the good old days. I think I'll start billing in CDN $ before long.
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Old 06-04-2006, 04:01 PM   #18
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Dec 2004 euro hit the peak.
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Old 06-04-2006, 04:04 PM   #19
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I hate it, im losing lots of money on the weak $
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Old 06-04-2006, 04:12 PM   #20
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Lets just hope the USD does not go the same road as Zimbabwe


Zimbabwe introduces $100,000 note
Zimbabwean banknotes
Hyperinflation currently stands at more than 1000%
Zimbabwe is introducing a bank note worth 100,000 Zimbabwe dollars, to help consumers as inflation exceeds 1,000%.

The 50,000 Zimbabwe dollar bill, introduced only four months ago, is not enough to buy a loaf of bread.

http://news.bbc.co.uk/1/hi/world/africa/5032826.stm
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Old 06-04-2006, 04:57 PM   #21
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fucking shit.... :/
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Old 06-04-2006, 04:58 PM   #22
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If you're talking about enough volume then it might make sense to insure (hedge) your foreign currency against USD fluctuations:

http://www.investopedia.com/terms/c/currencyoption.asp

It comes at a cost like any insurance but it removes risk from your day to day operations. Talk to your broker or financial advisor.
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Old 06-04-2006, 05:15 PM   #23
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Sucks big time. I make most of my money in USD and spend most of it in euros
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The Euro almost at 1.30 dollar - has it ever been so high? The Euro almost at 1.30 dollar - has it ever been so high?
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