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BMW 3-Series (E90 E92) Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board > Stable currencies?



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      12-12-2011, 01:37 AM   #23
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RMB is my choice.

Gold is too risky.
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      12-12-2011, 07:23 AM   #24
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Agree on gold. The value of it only increases

Also the eurozone crisis isnt a real crisis. Its a media crisis. Yeah the debt is a problem...but its not doomsday.

The sum debt isnt that bad within greece and italy. The problem is that their GDPs dont allow them to payoff their debt, so it will snowball. The governments of greece and italy need some big financial reform.

Take it from an american who has experience. A bailout by Germany and France will not help things.
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      12-12-2011, 07:25 AM   #25
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Libyan Dinar.
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      12-12-2011, 09:01 AM   #26
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Oh yeah because people who drive BMWs are all stupid, if they werent they wouldnt have invested huge sums of $$ in a depreciating asset .....I get that
Spend enough time in OT and see if you think macroeconomic currency analysis is one of this forums strong points

I'm not saying people are stupid here, nor do I think one needs to have an answer to OP's question to be considered smart. I don't have one, because I'm not a currency analyst, and I could be wrong but don't know of any who post here. Of course, we can all read WSJ and Bloomberg and form our own armchair opinions, but this is hardly sufficient due diligence when considering moving a large amount of resource into an unfamiliar currency.
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      12-12-2011, 03:40 PM   #27
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Originally Posted by BTM View Post
Spend enough time in OT and see if you think macroeconomic currency analysis is one of this forums strong points

I'm not saying people are stupid here, nor do I think one needs to have an answer to OP's question to be considered smart. I don't have one, because I'm not a currency analyst, and I could be wrong but don't know of any who post here. Of course, we can all read WSJ and Bloomberg and form our own armchair opinions, but this is hardly sufficient due diligence when considering moving a large amount of resource into an unfamiliar currency.
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      12-12-2011, 03:59 PM   #28
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Originally Posted by szcyxzh View Post
RMB is my choice.

Gold is too risky.
not a bad choice. my heart sinks every time i check the exchange rate. this 6.3 BS
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      12-12-2011, 05:07 PM   #29
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not a bad choice. my heart sinks every time i check the exchange rate. this 6.3 BS
Use to be 8.0.....
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      12-12-2011, 05:25 PM   #30
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Use to be 8.0.....
i still remember when it was pegged at 8.7 wtf happen to us?
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      12-12-2011, 06:32 PM   #31
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i still remember when it was pegged at 8.7 wtf happen to us?
RMB should more like 4 to a dollar, they always keep it artificially low.
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      12-12-2011, 06:51 PM   #32
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Originally Posted by M3Bahn View Post
RMB should more like 4 to a dollar, they always keep it artificially low.
4 RMB to a dollar? let's not even joke about that.
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      12-12-2011, 07:01 PM   #33
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4 RMB to a dollar? let's not even joke about that.
When I was living in china that is I thought would be a more realistic exchange rate but I forgot how i came up with it.
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