Thank you Xi for these comments.. I will update you if I get any info more.,. rgrds
======= S1000+ ======= --- On Wed, 11/25/09, xi <[email protected]> wrote: From: xi <[email protected]> Subject: Re: The world moves faster away from US dollar To: "World-thread" <[email protected]> Date: Wednesday, November 25, 2009, 1:57 PM US dollars is not a good investment at all. That is for sure. Of course, only you can ponder liquidity and depreciation for you. Within next months Australian dollar is expected to raise egainst US dollar (as most currencies are). Australia sounds fine, of course. And NZ too although not so much in the short term. For investment my best advise is farmland with good water supply but it might be hard to afford it. For people who do not live in USA (such as your case) secondly I recommend commodities. Food (including water) is probably an excellent investment. I mean commodities, not necesarily the corporation that exploits those commodities. I mean there are corporations into trouble, while the commodity itself is excellent. If you decide commodities, I am not a trader I cannot tell you which commodity in particular and when is the right time to invest. But probably any time is good if you are a long term investor. Also, you might open a thread about this topic for you and Rebel. He might help too. Please, make as many comments or questions as you want. Here or through gmail. About war, of course it is not my field. It is hard for me to believe that China would be involved in a war unless another country invades China and I do not think that any country would. I do not see any sign of big wars now and of course not a war Chinad and Pakistan, it is a friend country. This is what I think. Peace and best wishes. Xi On 25 nov, 21:53, "Sumerian.." <[email protected]> wrote: > Xi.. > It is very confusing.. all what I collected in 30 years (not much any how), > is in dollars.. What is your propsal.. conver it to business?, a farm (maybe > in Australia or NZ), a house:? and then.. if so.. how to live.. It is still > for me a big puzzle.. > What do you think about mineral water company? Not sure on that worldwide.. > Maybe staturated.. > > But mind you, if US is cornered it will create another war.. Sadly I think > they will involve another country .. like Pakistan.. against China.. That > will leave things out of the economists to resolve.. > > ======= > S1000+ > ======= > > --- On Wed, 11/25/09, xi <[email protected]> wrote: > > From: xi <[email protected]> > Subject: Re: The world moves faster away from US dollar > To: "World-thread" <[email protected]> > Date: Wednesday, November 25, 2009, 7:13 AM > > Oops, a final comment: > > at least, the Fed could improve its image and do not encourage people > to get rid of the US dollar. > > Dollar Approaches 14-Year Low Against Yen on Fed Rate > Outlookhttp://www.bloomberg.com/apps/news?pid=20601087&sid=amw6UuLPKPGs&pos=4 > > Peace and best wishes. > > Xi > > On Nov 25, 4:11 pm, xi <[email protected]> wrote: > > > > > My comment: One year ago we were excited about the G20 meeting. One of > > the off-agenda topics was the international standard currency. Many > > talks held on this topic. One year later there are not any agreement. > > Well, no formal agreement but one unformal agreement: diversify our > > foreign reserves. Although the US dollar is the standard tool for > > trade, it is no longer the standard reserve. > > > Last quarter it was not the most acquired currency among central > > banks. India decided to use gold few weeks ago to diversify. Now is > > Russia turn (1) to announce its plans. The US Fed still calls "US > > decline orderly" (2). > > > There is a certain point when orderly or chaotic is not a decission, > > but a collective unspoken sentiment based on panic or in "enough is > > enough" or "if I do not it now I could be the last dumb in the row" > > etc. At a certain point what looked like robust building ago now falls > > as sand. > > > Now, the real risk is not that the US dollar remains the standard > > reserve currency, I think that time is already gone. Also, the risk is > > not that the US dollar remains the standard trade currency, I think it > > is just a matter of time. The risk is that it collapses chaotic before > > its time becomes a worthless piece of paper. It is a risk because we > > are not ready for its substitution yet. Its total collapse now would > > mean a collapse of international trade and therefore a second > > recession. > > > At least, since several weeks ago we do not hear Mr. Geithner saying > > his favourite statement "strong dollar is the best interest of > > Americans". It is a relief, its emptiness was painful. I am sorry for > > Mr. Geithner, he tied his international credibility to a statement > > without actions. > > > What to do next? We cannot do much. Accelerate as much as we can the > > transition toward diversified trade currencies and to hope that US > > dollar does not collapse completely amid chaos. > > > Peace and best wishes. > > > Xi > > > (1) Russia to Buy Canada Dollars, Mulls More > > Currencieshttp://www.bloomberg.com/apps/news?pid=20601087&sid=at5XsdLU.68w&pos=6 > > > (2) Fed Officials Watch Asset Prices for Signs of ‘Excessive > > Risk’http://www.bloomberg.com/apps/news?pid=20601087&sid=atWoGngEpam4&pos=3- > > Ocultar texto de la cita - > > - Mostrar texto de la cita - __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. 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