Listen to the expert. Get out of US dollars!

[Devil Within]

Recently, the USD rate has gone up against SGD. Think this will continue? Unless Singapore govt are dumb enough to follow the way USA prints it money, I doubt so.

I wonder if Temasek is smart enough to ditch it's USD and it's US assets before it's too late. Looking at how Temasek's recent performance, I doubt they are smart enough.

Jim Rogers on the Destruction of the Dollar
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[johnny333]

Which currency is safe?

 

[zuoom]

the currency that you will be using most.

 

[theblackhole]

$$$Prayers and $$$Hope...once the USD is hit, the world economy will just crumble and collapse....so $$$$Pray and $$$$Hope...good luck to all developed and developing people...return to earth is the best option. merry christmas!!!hallelujah!!!

 

[Einfield]

Recently, the USD rate has gone up against SGD. Think this will continue? Unless Singapore govt are dumb enough to follow the way USA prints it money, I doubt so.

I wonder if Temasek is smart enough to ditch it's USD and it's US assets before it's too late. Looking at how Temasek's recent performance, I doubt they are smart enough.

Thanks for the clip.

Temasek holy grail is "We invest for long term"
For all screw ups.

When really under fire, "We are not investing with the country's reserve" will be the ace card to shut the critics.

 

[madmansg]

no currency is safe. only stocks maintain their values.

 

[Einfield]

no currency is safe. only stocks maintain their values.

The first part is true, no currency is safe, if US$ crash, it will drag all down, to Jim Rogers may criticize the printing of US$, but he also contribute no solution, Because there's non.

As for stock, even for companies with good fundamentals, this round they are not spared either, simply it's global this time.

 

[Whats4]

no currency is safe. only stocks maintain their values.

Gold not safe?

 

[zhihau]

Gold not safe?

was about to ask the same question...

 

[Einfield]

Gold not safe?

Nothing is safe, Gold is also volatile but compared to stock and currency, it is relatively mild.

Unlike Lemann Bro, Gold will not vaporized to $0 value and in times of war, paper money is of no value, only gold can get you a boat out of the country. That is way gold price sore when there's major conflict.

This time round, the problem is not war.

 

[Devil Within]

The first part is true, no currency is safe, if US$ crash, it will drag all down, to Jim Rogers may criticize the printing of US$, but he also contribute no solution, Because there's non.

As for stock, even for companies with good fundamentals, this round they are not spared either, simply it's global this time.

Yes, no currency is safe as most, if not all currencies have link to the USD. So the next question should be, which currency will best ride out of this crash and regain it's value relatively faster than the rest? Not USD in my opinion.

Even if Euro will not be spared, I think Euro economy is much much more stable and better divest than the US of A.

Gold is pretty stable as compared to the rest of the commodities. So gold is a good choice to park your money before the crash. Also, gold price is cheap at the moment.

 

[Whats4]

Nothing is safe, Gold is also volatile but compared to stock and currency, it is relatively mild.

Unlike Lemann Bro, Gold will not vaporized to $0 value and in times of war, paper money is of no value, only gold can get you a boat out of the country. That is way gold price sore when there's major conflict.

This time round, the problem is not war.

but its still better than keeping $$ right? no bank seem to be safe if the whole things come tumbling down

where to get gold other than sinkie land?

 

[Whats4]

was about to ask the same question...

keep in milo or biskuit tin?

 

[Goh Meng Seng]

Dear Devil Within,

I have been telling my associates, friends and family members to dump US$ since two years ago and even more since Sept. But the temporary strengthening of US$ recently has given them bullets to shoot me but I still stand firm on my own assessment.

I have asked people to switch to RMB. Crazy but yes, since last year, I have been asking people to switch to RMB.

Only time will tell. Whatever short term fluctuation of the US$ may be, the long term fundamental problems with the US economy and its debt financing will not changed in the short term. US$ will collapse along with its debts and economy. And most likely, US$ will be replaced as reserve currency. That will end the many generations of extravagance in US.

Goh Meng Seng

Yes, no currency is safe as most, if not all currencies have link to the USD. So the next question should be, which currency will best ride out of this crash and regain it's value relatively faster than the rest? Not USD in my opinion.

Even if Euro will not be spared, I think Euro economy is much much more stable and better divest than the US of A.

Gold is pretty stable as compared to the rest of the commodities. So gold is a good choice to park your money before the crash. Also, gold price is cheap at the moment.

 

[Devil Within]

Dear Devil Within,

I have been telling my associates, friends and family members to dump US$ since two years ago and even more since Sept. But the temporary strengthening of US$ recently has given them bullets to shoot me but I still stand firm on my own assessment. ...

Goh Meng Seng

The recent strengthening of the USD is because of hedge funds de-leveraging. A lot of fund managers are selling it's US assets and hence, needed the USD for the transaction. So don't be misled by the short term strengthening of the USD. After this de-leveraging when the market stabilised, you will see USD going in one way and one way only and that is down the drain. Be patient. Peter Schiff was first laughed at when he warned his peers about the impending crash. Now he has the last laugh. Your time will come.

 

[newyorker88]

No currency is safe, that is so true. However, holding on to what you have is better than speculating.

Other than gold, the other thing you can try to hold on to is properties. Stocks can go to nothing, but a piece of land is still a piece of land and a kg of gold is still a kg.

Jim Rogers may be right on certain issues. However, dumping USD is not a good option becos international trade still use it. Who other than USA has the biggest guns to bully others? Stick on to the guys with the biggest dick.

 

[DerekLeung]

Singapore I suspect will dump money and bailouts for GLCs too.

But done quietly but the effects will be similiar soon enough !

 

[Einfield]

No currency is safe, that is so true. However, holding on to what you have is better than speculating.

Other than gold, the other thing you can try to hold on to is properties. Stocks can go to nothing, but a piece of land is still a piece of land and a kg of gold is still a kg.

Jim Rogers may be right on certain issues. However, dumping USD is not a good option becos international trade still use it. Who other than USA has the biggest guns to bully others? Stick on to the guys with the biggest dick.

The lesson of the day is, if you want to screw up, make sure it's Mother of all screw ups, the bigger the better.

Like our friend USA, she owes the world 17 Trillion???
Well I guess no one can afford to see her sink or we will all die together, that's the position US is in.

 

[Porfirio Rubirosa]

Sorry to butt in, but could someone please explain to me why the Japanese Yen still appears to be strong?
TkU

Yes, no currency is safe as most, if not all currencies have link to the USD. So the next question should be, which currency will best ride out of this crash and regain it's value relatively faster than the rest? Not USD in my opinion.

Even if Euro will not be spared, I think Euro economy is much much more stable and better divest than the US of A.

Gold is pretty stable as compared to the rest of the commodities. So gold is a good choice to park your money before the crash. Also, gold price is cheap at the moment.

 

[Einfield]

Sorry to butt in, but could someone please explain to me why the Japanese Yen still appears to be strong?
TkU

To my understanding, Japanese Yen gets 0% interest back in Japan, so many park in Aussi and Kiwi $ which yield 6-8% interest.

When market crash and credit crunchn started, people and currency traders panic and start pulling our from A$ and Kiwi$, converting them back to Yen. That is why you see gov trying to calm the market down by giving guarantee on funds deposited in their local banks.

So suddenly the demand for Yen is high and therefore strengthen against all currency.

There may be more factors contributing to it but this in definitely one of it.