Results 1 to 9 of 9

Thread: Get your tips in Euro's

  1. #1
    God/dess Deogol's Avatar
    Joined
    Dec 2003
    Posts
    5,493
    Thanks
    120
    Thanked 50 Times in 35 Posts

    Default Get your tips in Euro's

    People are converting from cash supplies of dollars to cash supplies of Euros.



    No mention of electronic supplies.

  2. #2
    God/dess Emily's Avatar
    Joined
    Feb 2003
    Location
    Las Vegas
    Posts
    11,302
    Thanks
    4
    Thanked 143 Times in 72 Posts

    Default Re: Get your tips in Euro's

    and then what? it costs too much to change them to dollars, so you have to go to Europe to spend them!

  3. #3
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Get your tips in Euro's

    I believe that Deo is referring to Euro denominated money market funds, CD's etc. and other 'cash equivalents', not the paper money itself. The bet is of course that in addition to the interest paid, from the standpoint of a saver/investor who earns money in US dollars and spends money in dollars, the Euro denominated instruments will provide an exchange rate related capital gain as the US dollar weakens.

    For example, if you had invested in a 1 year US dollar CD a year ago, when it matures tommorow you'll get your $10,000 back plus say $500 in interest earnings at 5%. On the other hand, if you put that same US$10,000 into a Euro CD, you'd only earn $270 in interest at 2.7% but instead of getting US$10,000 principal back you'd get US$10,700 because the Euro exchange rate had moved from 1.24 to 1.31 in the meantime.

    Personally, I'm getting back into gold rather than currencies because not only will a capital gain result from a weaker dollar vs other currencies, but an additional capital gain should result as EVERY country keeps printing way too much new money (except Thailand, and look what just happened to them !).

  4. #4
    Featured Member Hello_Kitty27's Avatar
    Joined
    Apr 2005
    Location
    Chicago
    Posts
    1,818
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default Re: Get your tips in Euro's

    Wow, things are getting scary these days. It used to be the almighty dollar ....now, not so much.

    The dollar is become less and less desirable, the housing market is not so strong, the general economy is great.....I'm worried about the stock market. I know it *appears* to be doing good, but that could all change in an instant.






    (just click to donate FREE food to those in need...REALLY!)

  5. #5
    God/dess Emily's Avatar
    Joined
    Feb 2003
    Location
    Las Vegas
    Posts
    11,302
    Thanks
    4
    Thanked 143 Times in 72 Posts

    Default Re: Get your tips in Euro's

    Quote Originally Posted by Hello_Kitty27 View Post
    The dollar is become less and less desirable, the housing market is not so strong, the general economy is great.....I'm worried about the stock market. I know it *appears* to be doing good, but that could all change in an instant.
    Well, to be fair...it's not that the housing market is weak. it's just going back to where it should be if not for all the factors that artifically produced a strong market.

  6. #6
    Featured Member Hello_Kitty27's Avatar
    Joined
    Apr 2005
    Location
    Chicago
    Posts
    1,818
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default Re: Get your tips in Euro's

    Quote Originally Posted by Emily View Post
    Well, to be fair...it's not that the housing market is weak. it's just going back to where it should be if not for all the factors that artifically produced a strong market.
    Defnitely....but soooo many people seemed to have jumped onto that bandwagon with everything they have. The foreclosure rates are skyrocketing and I worry about what will happen another year or two down the road. Housing values are going down (or staying relatively the same) and interest is going up, causing a LOT of foreclosures and bankruptcies. (At least from what I've seen around me)






    (just click to donate FREE food to those in need...REALLY!)

  7. #7
    Featured Member sophiemarie's Avatar
    Joined
    Jul 2006
    Location
    Brighton Beach, Brooklyn
    Posts
    831
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Get your tips in Euro's

    I don't accept money that is not real american money or fake money i.e. funny money.



    I Love Life!!!!!!!!!!!!!!!!!

  8. #8
    God/dess Deogol's Avatar
    Joined
    Dec 2003
    Posts
    5,493
    Thanks
    120
    Thanked 50 Times in 35 Posts

    Default Re: Get your tips in Euro's

    Quote Originally Posted by sophiemarie View Post
    I don't accept money that is not real american money or fake money i.e. funny money.
    You do realize if you accepted Euros' a six or so months ago you would have 30% more american dollars now? When oil is trading in Euro's expect some real fun to begin. Can anyone say Papiermark?

  9. #9
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Get your tips in Euro's

    ^^^ actually it's only 12% over the past year --->

    But GOLD has appreciated nearly 30% in the past year ... which implies that the EU is inflating the Euro just as America is inflating the US dollar, only with Euro inflation occuring at a slower relative rate !

Similar Threads

  1. Replies: 8
    Last Post: 01-27-2008, 07:10 AM
  2. 500 Euro Bill as a Savings Tool
    By 242_fair in forum Dollar Den
    Replies: 33
    Last Post: 07-24-2007, 01:29 PM
  3. the Euro tumbles ...
    By Melonie in forum Dollar Den
    Replies: 1
    Last Post: 06-05-2005, 10:07 AM
  4. Working in Portugal for the Euro 2004
    By Maggie_Simps in forum Club Chat
    Replies: 4
    Last Post: 05-16-2004, 06:17 PM
  5. For Euro 2004; European Compilation - ideas???
    By Malibu in forum Music Mix
    Replies: 7
    Last Post: 04-29-2004, 04:13 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •