any currency traders on here?? i need help - Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum

((sr)) kelly · 09-24-2008, 06:08 PM

i have a decent amount of cash thats sitting around.. i wanted to see if anyone on here knew which countries i should look into exchanging too.. i was thinking china...

im not really too worried about making money, more so keeping it safe and out of americas shit box economy

ronmcdon · 09-24-2008, 07:08 PM

idk, but I don't think you can invest in the Chinese Renmenbi/Yen.

A resource I used a while ago was forex.com to read up on articles. Good question on what to invest right now. even the mighty euro doesn't seem to offer the stability that it once did.

ryguy · 09-24-2008, 10:01 PM

The Chinese illegally tie their currency to the U.S. Dollar, so I dont see much potential in that department. The Euro was kicking the dollar's ass, but it seems like its reversing a little lately. Why not just put it in a high interest CD or at least an online savings account? I recommend HSBC.

Matej · 09-24-2008, 10:03 PM

If you want to be safe, find a country with a stable currency.
If you like to gamble, you'll have to do a lot of research and stay on top of all the current and predicted economic trends.

ryguy · 09-24-2008, 10:05 PM

Quote:

Originally Posted by Matej

If you want to be safe, find a country with a stable currency.
If you like to gamble, you'll have to research stay on top of the current and predicted economic trends.

I heard Zimbabwe is a good bet.

ESmorz · 09-24-2008, 10:05 PM

If the American Economy goes into full collapse. I predict every other countries currency will fall heavily as well. I'm not basing that on anything. It just sounds plausible.

It may seem like a good idea. However, really you are just taking more money away from an economy that desperately needs as much as help as possible.

ryguy · 09-24-2008, 10:07 PM

Quote:

Originally Posted by ESmorz

If the American Economy goes into full collapse. I predict every other countries currency will fall heavily as well. I'm not basing that on anything. It just sounds plausible.

It may seem like a good idea. However, really you are just taking more money away from an economy that desperately needs as much as help as possible.

If the American economy does collapse, it will prop up other currencies. Foreign investors are going to get the hell out of dodge, taking value out of our economy and dollar. Sure, other economies will take some damage too, but not as bad in relation to the U.S.

imotion s14 · 09-24-2008, 10:07 PM

exchanging green paper for other fruity colored paper. lol

Buy commodities and keep your eye on the economy. I have a hunch that gold will spike.

JohnnyDrfiter22 · 09-24-2008, 10:09 PM

invest in Africa......

But no seriously I once wanted to dump my money into Foreign Currency i looked real hard and thought no, thank god i didn't. Any investor will really tell you this is a bad choice and not worth it. Investing for actually making money right now sucks. but hopefully in the long run one can buy real low now, and in 4-6 years come out BIG

ESmorz · 09-24-2008, 10:10 PM

My parents are talking about moving to Spain, or getting a farm in Costa Rica.

Then what the fuck am I going to drive? A SEAT? ew

Matej · 09-24-2008, 10:11 PM

My cousin drives a Seat.

Ironically his dad made about 20K$ doing currency trading.

But you don't have to rely on a car to get around there.

Spanish glrz are amazing, unless you have a thing for big women, in which case I'm sorry.

ESmorz · 09-24-2008, 10:14 PM

Quote:

Originally Posted by Matej

My cousin drives a Seat.

He also made about 20K$ doing currency trading.

But you don't need to rely on a car to get around there.

Women are beautiful, unless you have a thing for big girls, in which case I'm sorry.

Yeah, I just rode buses and trains.

The women are beautiful. You'll be walking behind one and be like daaaaaaaamn, then they turn around and have 50 year old face...

Matej · 09-24-2008, 10:16 PM

Those are the best. Then you can post cool stories about train sex or hot castle love in the weird places you've had sex thread.

ronmcdon · 09-24-2008, 11:26 PM

Quote:

Originally Posted by imotion s14

exchanging green paper for other fruity colored paper. lol

Buy commodities and keep your eye on the economy. I have a hunch that gold will spike.

gold is a fairly idiot-proof investment at this point. the bailout certainly isn't going to help with the value of the dollar.

09-24-2008, 06:08 PM	#1
((sr)) kelly BANNED Join Date: Jun 2007 Location: Zebulon... NC Posts: 1,035 Trader Rating: (6) Feedback Score: 6 reviews	any currency traders on here?? i need help i have a decent amount of cash thats sitting around.. i wanted to see if anyone on here knew which countries i should look into exchanging too.. i was thinking china... im not really too worried about making money, more so keeping it safe and out of americas shit box economy

09-24-2008, 10:01 PM	#3
ryguy Zilvia FREAK! Join Date: Oct 2006 Location: Chicago Suburbs Age: 35 Posts: 1,544 Trader Rating: (5) Feedback Score: 5 reviews	The Chinese illegally tie their currency to the U.S. Dollar, so I dont see much potential in that department. The Euro was kicking the dollar's ass, but it seems like its reversing a little lately. Why not just put it in a high interest CD or at least an online savings account? I recommend HSBC. __________________

09-24-2008, 10:05 PM	#6
ESmorz Post Whore! Join Date: Oct 2007 Location: It Looks Like A Dong Posts: 6,902 Trader Rating: (2) Feedback Score: 2 reviews	If the American Economy goes into full collapse. I predict every other countries currency will fall heavily as well. I'm not basing that on anything. It just sounds plausible. It may seem like a good idea. However, really you are just taking more money away from an economy that desperately needs as much as help as possible. __________________

09-24-2008, 10:10 PM	#10
ESmorz Post Whore! Join Date: Oct 2007 Location: It Looks Like A Dong Posts: 6,902 Trader Rating: (2) Feedback Score: 2 reviews	My parents are talking about moving to Spain, or getting a farm in Costa Rica. Then what the fuck am I going to drive? A SEAT? ew __________________

09-24-2008, 07:08 PM	#2
ronmcdon Post Whore! Join Date: Sep 2005 Location: beverly hills Age: 89 Posts: 4,260 Trader Rating: (6) Feedback Score: 6 reviews	idk, but I don't think you can invest in the Chinese Renmenbi/Yen. A resource I used a while ago was forex.com to read up on articles. Good question on what to invest right now. even the mighty euro doesn't seem to offer the stability that it once did.

09-24-2008, 10:03 PM	#4
Matej Post Whore! Join Date: Feb 2007 Location: N/A Posts: 9,423 Trader Rating: (39) Feedback Score: 39 reviews	If you want to be safe, find a country with a stable currency. If you like to gamble, you'll have to do a lot of research and stay on top of all the current and predicted economic trends.

09-24-2008, 10:07 PM	#8
imotion s14 Zilvia Addict Join Date: Mar 2006 Location: Houston, TX Age: 43 Posts: 713 Trader Rating: (5) Feedback Score: 5 reviews	exchanging green paper for other fruity colored paper. lol Buy commodities and keep your eye on the economy. I have a hunch that gold will spike.

09-24-2008, 10:09 PM	#9
JohnnyDrfiter22 Zilvia Addict Join Date: Apr 2008 Location: New Jersey Age: 41 Posts: 670 Trader Rating: (0) Feedback Score: 0 reviews	invest in Africa...... But no seriously I once wanted to dump my money into Foreign Currency i looked real hard and thought no, thank god i didn't. Any investor will really tell you this is a bad choice and not worth it. Investing for actually making money right now sucks. but hopefully in the long run one can buy real low now, and in 4-6 years come out BIG

09-24-2008, 10:11 PM	#11
Matej Post Whore! Join Date: Feb 2007 Location: N/A Posts: 9,423 Trader Rating: (39) Feedback Score: 39 reviews	My cousin drives a Seat. Ironically his dad made about 20K$ doing currency trading. But you don't have to rely on a car to get around there. Spanish glrz are amazing, unless you have a thing for big women, in which case I'm sorry.

09-24-2008, 10:16 PM	#13
Matej Post Whore! Join Date: Feb 2007 Location: N/A Posts: 9,423 Trader Rating: (39) Feedback Score: 39 reviews	Those are the best. Then you can post cool stories about train sex or hot castle love in the weird places you've had sex thread.