Hmmm, last year when you were telling everyone to buy Renminbi you
said you sold your Euros many years ago.

Just wondering...


On 10/16/07, Gruss Gott <[EMAIL PROTECTED]> wrote:
> > Robert wrote:
> > the 80's, however, we'll only climb for so long before we come tumbling back
> > down again.
> >
>
> Well, everyone here will agree that you should pay no attention to me but ....
>
> I don't see that happening.  About 7 years ago I thought this might
> happen and so we moved all of our cash savings to Yen and Euros
> amongst others.
>
> It looked bleak for a few years there, but now of course I'm thrilled
> we did: we about doubled our money if we cashed out now (not on yen of
> course.)
>
> Just like with home equity though, the problem is always then what?
>
> Anyway, I don't the US dollar going up again for a long long time.
> Some will argue that with the great exchange rates foreigners will be
> dumping money into America - which they will - but it won't change US
> trade much since much of US money is flowing to developing countries
> like India and will continue to.
>
> Anyhoo - ever heard of Celio, the French clothes outlet?  In the early
> 00s my cousin and I made a clothes run to France and bought zillions
> of clothes including duffel bags to carry it all in and ship home.  We
> could actually cost justify a shopping trip in Paris due to the
> strength of the dollar.  I guess those days are LONG over.
>

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