Peso to Dollar
Posted 01 June 2012 - 01:11 PM
$14.37 pesos per $1 USD
This was at the Banamex ATM in Farmacia Guadalajara.
Posted 01 June 2012 - 06:25 PM
Posted 01 June 2012 - 07:08 PM
enjoy! It won't last too long. It's due to the mess going on with the Euro right now. The money is rushing out of Spain and other troubled Euro countries to the "safe" reserve currency of the world....the US dollar....causing a temporary strength in the dollar. However, the US economy is in much worse shape than Europe, and soon it will come crashing down too. Put your money in Mexico or even better, gold and silver to preserve your wealth and the world devalues it's currency to pay it's massive debt.
This is a wise person, listen to them!
Posted 01 June 2012 - 07:37 PM
Posted 01 June 2012 - 09:39 PM
Posted 01 June 2012 - 09:45 PM
Why are you SHOUTING? Please turn off your caps lock.
YOU CAN EITHER BURY IT.....OR MOVE IT OUT OF THE COUNTRY, OR THERE ARE SOME PRIVATE SAFE DEPOSIT BOXES IN THE USA THAT IS NOT ASSOCIATED WITH ANY BANK OR GOVERNMENT INSTITUTION. THE BANKS HERE IN MEXICO SELL THE MEXICAN SILVER LIBERTAD. I RECOMMEND BUYING WHAT YOU CAN EACH MONTH EVEN IF IT IS ONLY 1-2 COINS.....IT COULD MEAN THE DIFFERENCE FROM EATING OR NOT EATING WHEN THE US DOLLAR COMES CRASHING DOWN.
Posted 01 June 2012 - 10:17 PM
I know, everybody says, "but our kids and our grandkids will have to pay for our lack of fiscal responsibilty...mañana"
But mañana will never come.
Not totally immoral to stiff the Chinese. We can rationalize it as getting even for their stealing of our industries and jobs.
So I wouldn't invest too much in gold and silver.
Posted 02 June 2012 - 12:17 AM
Posted 02 June 2012 - 04:09 AM
Posted 02 June 2012 - 08:21 AM
Posted 02 June 2012 - 08:42 AM
Posted 02 June 2012 - 09:06 AM
This won't last forever, seems to be directly correlated to the strength of the dollar.
Europe is in flux right now, and that is why the dollar is strong.
Never hurts getting a few extra pesos, no risk unless you're thinking the dollar will get a whole lot stronger, which is unlikely.
Anything in the 14's is a good deal
Posted 02 June 2012 - 09:24 AM
I never could understand the concept of buying gold or silver. Can't eat it or drink it or burn it to keep you from freezing to death.
The concept is that if paper money becomes worthless because of runaway printing of same by government, the medium of exchange would be barter and precious metals.
Think about what happened in Germany pre-Hitler, and the concept becomes very simple to understand.
Posted 02 June 2012 - 02:19 PM
Posted 02 June 2012 - 03:55 PM
Remember the Mexican banking crisis of the 1980's when rich relatives in Mexico suddenly became dependent upon loans from their NOB relatives to save their businesses?
I see where the humble penny, aka the pre 1982 US Cent, is now worth 2.3 cents bases based upon it's melt value.
I don't know what the answer is, but we had better figure it out pretty soon. The Chinese can be rather aggresive in their debt collection.
Posted 02 June 2012 - 04:21 PM
Posted 02 June 2012 - 05:11 PM
Posted 02 June 2012 - 06:30 PM
Posted 02 June 2012 - 06:41 PM
And they said the Titanic was too big to sink.
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