23 replies to this topic

[Floradude]

Today I got the best rate ever....

$14.37 pesos per $1 USD

This was at the Banamex ATM in Farmacia Guadalajara.

[regc80]

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.

[AlanMexicali]

http://www.euroexcha...s-12031507.html


http://www.oil-price.net/



http://online.wsj.co...403-713830.html

[WA4KDC]

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!

[redpepper]

We will see who falls first and bet it won't be the USA. Where are we to store all this Gold and Silver? For most that are living from month to month we can only dream. Mexico will not even be in the picture.

[regc80]

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.

[howardF]

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.

Why are you SHOUTING? Please turn off your caps lock.

[slainte39]

The US and it's dollar are to big to fail. The creditors would be hurt more than the debtor. So for that reason, the creditors are on the hook forever, if need be. Think about it...what collateral or guarantee does any creditor have, other than the "full faith and credit"...nothing that you can take possesion of and liquidate. A small country with 15 billion dollar debt has something to worry about...the US with a 15 trillion dollar debt means nothing...just numbers for accountants. So everybody stay cool, act as if nothing is happening, let the US Treasury keep selling their debt instruments and interest rates and inflation will stay low.
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.

[regc80]

The dollar WILL fail.....the debt cannot and will not continue to climb forever. The only way out is to inflate the dollar to pay off the debt, seize personal properites, such as everyone's 401K's and property (as may well be done under Economic Marshall Law), but what we will see before that is to go to war to distract everyone's attention. We are in for some very interesting times.

[Mainecoons]

A buddy of mine who is a financial whiz says that the U.S. is the best horse in the glue factory.

[regc80]

It will all play out, and we'll see who is right. For me, I've bet against the dollar, sold all my real estate, moved all my money into precious metals and put them in a safe place where the governement can't get their greedy hands on it, and moved out of the country.

[Ajijic_hiker]

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.

http://www.nuwireinvestor.com/articles/7-disadvantages-of-investing-in-gold-55198.aspx

[Gilligan]

Good time to convert US & CAD to some pesos for next month living expenses. It's like getting a raise, or a real nice discount.
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

[Mainecoons]

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.

http://www.nuwireinv...gold-55198.aspx

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.

[maryanram]

Just got 14.395 last night at Santander,using my BOA.No fees.That's $418.32 per 6000mxp down from $500plus when the peso was @12 a short time ago.

[rufus]

Maybe it is time for some people to re read their history. What happened in 1923 under the Weimar Republic? What happened in Zimbabwe?

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.

Rufus

[vetteforron]

If Gold and Silver are so valuable, why do people sell it?

[Mainecoons]

They trade it in. Or maybe they need spendable cash at that time.

[Floradude]

I don't worry about Mexico and I don't worry about the US (unless the far right wins the election).

[Studio del Sol]

"The US and it's dollar are to big to fail. "

And they said the Titanic was too big to sink.