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pythonx

07-31-2008 08:41 AM

Do you exchange your dollars or keep them?

According to the great Jim Rogers, the dollar is doomed and will get even worse in the future :( The future is in Asia.

https://youtube.com/watch?v=zhLPNdjyjyg

I rather listen to him then to all the smartasses here on gfy who think they know something about economics :thumbsup

andrej_NDC

07-31-2008 08:59 AM

I only care about the EUR/US ratio and dollar will get stronger in that, so I'll keep my savings in $$$.

Why	07-31-2008 09:58 AM

the USD will gain some of the ground lost over the last couple years to the EUR. i hope ;)

GrouchyAdmin

07-31-2008 09:59 AM

They're still better than Charmin.

CarlosTheGaucho

07-31-2008 10:27 AM

I keep them and spend them on services priced in USD.

I believe Dollar will go even lower, the spiral is unleashed..

pythonx

07-31-2008 10:34 AM

Quote:

Originally Posted by andrej_NDC (Post 14538835)

I only care about the EUR/US ratio and dollar will get stronger in that, so I'll keep my savings in $$$.

What makes you think that?

GrouchyAdmin

07-31-2008 10:34 AM

Quote:

Originally Posted by pythonx (Post 14539514)

What makes you think that?

It's going to take a hell of a lot more dollars to turn into EU, so he'll have to carry less after conversion!

andrej_NDC

07-31-2008 12:59 PM

Quote:

Originally Posted by pythonx (Post 14539514)

What makes you think that?

The EU economy is going towards recesion, too. It just isn't the main news yet, everybody is concentrating towards US. US almost hit the bottom, EU is far from it yet.

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