need some currency advice - GoFuckYourself.com

k0nr4d · 09-21-2008, 03:48 AM

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?

polish_aristocrat · 09-21-2008, 04:00 AM

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

faxxaff · 09-21-2008, 04:04 AM

Quote:

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 ...

k0nr4d · 09-21-2008, 04:18 AM

Quote:

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.

k0nr4d · 09-21-2008, 04:19 AM

Quote:

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.

Bomber8888 · 09-21-2008, 07:24 AM

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.

Deputy Chief Command · 09-21-2008, 07:36 AM

go to the casino and put it all on black !

moyofun · 09-21-2008, 07:56 AM

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)

Deputy Chief Command · 09-21-2008, 08:10 AM

Quote:

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

09-21-2008, 03:48 AM	#1
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,231	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? __________________ Mechanical Bunny Media Mechbunny Tube Script \| Mechbunny Webcam Aggregator Script \| Custom Web Development

09-21-2008, 04:00 AM	#2
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	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.

09-21-2008, 07:36 AM	#7
Deputy Chief Command Deputy Chief Command Industry Role: Join Date: Nov 2005 Posts: 4,482	go to the casino and put it all on black ! __________________

09-21-2008, 07:56 AM	#8
moyofun Registered User Join Date: Feb 2008 Posts: 90	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) __________________ Moyo-Cash 60% Lifetime Revshare!! http://moyogirls.com/webmasters http://q-babes.com/linkex for linktrade

09-21-2008, 07:24 AM	#6
Bomber8888 Confirmed User Join Date: Mar 2004 Location: Toronto Posts: 1,444	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.