LOS AXIXIS Posted September 14, 2009 Report Share Posted September 14, 2009 which currency will rule, other then the dollar? Link to comment Share on other sites More sharing options...
Hombre Viejo Posted September 14, 2009 Report Share Posted September 14, 2009 The answer ,over the next 25 years or so,is GOLD! Link to comment Share on other sites More sharing options...
budman123 Posted September 14, 2009 Report Share Posted September 14, 2009 AMERICAM DOLLAR Link to comment Share on other sites More sharing options...
davidhf Posted September 14, 2009 Report Share Posted September 14, 2009 Did you mean USD? I'd guess the Euro. Link to comment Share on other sites More sharing options...
Ajijic Posted September 14, 2009 Report Share Posted September 14, 2009 Last week the UN suggested another currency although did not name one. China and Russia as well have been pushing as both have dropped their US$ holdings considerably.. Link to comment Share on other sites More sharing options...
cando Posted September 14, 2009 Report Share Posted September 14, 2009 which currency will rule, other then the dollar? There wont be a single dominant currency but probably more than two. Not just the Euro, and not just the China/Russia coin. Link to comment Share on other sites More sharing options...
chelseagirls Posted September 15, 2009 Report Share Posted September 15, 2009 There wont be a single dominant currency but probably more than two. Not just the Euro, and not just the China/Russia coin. Well its not going to be the pound sterling regretably! The Russians are investing heavily in Europe and the UK so not sure about the Rouble, Potentially the two biggest economies and therefore dominant currencies will be the Chinese CNY and the Indian Rupee Link to comment Share on other sites More sharing options...
raqueteer Posted September 15, 2009 Report Share Posted September 15, 2009 Anyone who can answer this should be awarded some major international award since even the smartest economists are unsure. One thing for sure is the U.S. dollar is losing a lot of steam, and due to the dismal fiscal policies of late, will continue to fall IMO. You can´t print your way out of a "recession". The idea that you can is pure Keynsian folly, and for this reason Keynsian economic theory has been largely discredited. It´s time to return to the Austrian school of conservative monetary policy. Euro and Pound are also not good bets. Silver looks very very good to me. Link to comment Share on other sites More sharing options...
tobyjug Posted September 15, 2009 Report Share Posted September 15, 2009 Well its not going to be the pound sterling regretably! The Russians are investing heavily in Europe and the UK so not sure about the Rouble, Potentially the two biggest economies and therefore dominant currencies will be the Chinese CNY and the Indian Rupee So what is your future 1 month/year?..to days spot rate , usd/pesos 13.33peso..ukpounds/pesos 21.90....give me pounds today, this month/year Link to comment Share on other sites More sharing options...
traderspoc Posted September 16, 2009 Report Share Posted September 16, 2009 just bought more pesos viva mexico Link to comment Share on other sites More sharing options...
newinajijic Posted September 16, 2009 Report Share Posted September 16, 2009 The US dollar will always be it's own currency. Gold is doing very well and will continue to do so. Link to comment Share on other sites More sharing options...
grm Posted September 16, 2009 Report Share Posted September 16, 2009 The US dollar will always be it's own currency. Gold is doing very well and will continue to do so. You got that right John. Link to comment Share on other sites More sharing options...
raqueteer Posted September 16, 2009 Report Share Posted September 16, 2009 The US dollar will always be it's own currency. Gold is doing very well and will continue to do so. Yup might be only in the U.S. of A. Lots of talk in Asia about abandoning the dollar over there. Street vendors won´t accept U.S. 100 dollar bills, and not because they are thinking counterfeit either. Gold should do very well. Silver better. Link to comment Share on other sites More sharing options...
RVGRINGO Posted September 16, 2009 Report Share Posted September 16, 2009 When "gold is doing very well," the dollar isn't. I'm old enough to remember Gold at $20 USD per troy ounce. Now, it takes 25 times as many dollars to buy the same amount of gold. Oil, grains, minerals and other 'standard commodities' haven't really gone up all that much; the dollar has lost purchasing power. Basically, a man's fine suite of clothes has always been worth an ounce of gold. That same ounce could usually get you across any international border, too. The dollar is an artificial standard of value, which has no intrinsic value since both the silver standard and gold standard have been abolished. As our nation loses the trust of others, and our productive capacity fails to compete, the dollar becomes less and less attractive as a 'world currency'. Link to comment Share on other sites More sharing options...
Bisbee Gal Posted September 16, 2009 Report Share Posted September 16, 2009 There was talk about a year ago by OPEC of pricing oil in something other than US dollars, probably the Euro. But then the European community followed us into recession and OPEC abandoned any move to abandon the US dollar. If OPEC prices oil in the future in another currency, that currency will likely become dominant, for awhile at least. Link to comment Share on other sites More sharing options...
Hombre Viejo Posted September 17, 2009 Report Share Posted September 17, 2009 Attn RV:With gold closing tonight at $1018USD per oz.,the correct ratio would be a bit more than 50 times.Thats OK because in 20 to 25 years the price in USD will be $35,000 per oz. Link to comment Share on other sites More sharing options...
grm Posted September 17, 2009 Report Share Posted September 17, 2009 When "gold is doing very well," the dollar isn't. I'm old enough to remember Gold at $20 USD per troy ounce. Now, it takes 25 times as many dollars to buy the same amount of gold. Oil, grains, minerals and other 'standard commodities' haven't really gone up all that much; the dollar has lost purchasing power. Basically, a man's fine suite of clothes has always been worth an ounce of gold. That same ounce could usually get you across any international border, too. The dollar is an artificial standard of value, which has no intrinsic value since both the silver standard and gold standard have been abolished. As our nation loses the trust of others, and our productive capacity fails to compete, the dollar becomes less and less attractive as a 'world currency'. Whom do you think is sitting the most Gold in reserve? The US dollar will be used in our life time. For the ones that thinks that the USA are dummies wait until the oil supply drops in other countries and see who will come up with all the reserves. And wait and see who will have gold to back the US dollar. Believe me the US knows what they are doing hording all that gold. Link to comment Share on other sites More sharing options...
raqueteer Posted September 17, 2009 Report Share Posted September 17, 2009 Whom do you think is sitting the most Gold in reserve? The US dollar will be used in our life time. For the ones that thinks that the USA are dummies wait until the oil supply drops in other countries and see who will come up with all the reserves. And wait and see who will have gold to back the US dollar. Believe me the US knows what they are doing hording all that gold. Huh? Nobody has audited Fort Knox since the 50´s. Why do you think that at least 4 countries have asked for their gold holdings in the U.S. to be returned to them. Why do you think that many banks and brokerage houses are eliminating gold etfs? Because, there isn´t enough gold to cover the them or the Comex contracts or any other gold related paper assets, and somebody, maybe a lot of somebodys know that. Barrick just bought back their derivative hedge contracts,? Why, because they bet the wrong way, and it cost them bigtime. Why would you trust the people who caused this mess to deal with it? They´ve really done a GREAT job with the bailouts. Why do you think that the Chinese laughed at Tim Geithner. Confidence? I think not. Link to comment Share on other sites More sharing options...
newinajijic Posted September 17, 2009 Report Share Posted September 17, 2009 Correct me, if I'm wrong. Gold backs the US dollar. Gold is the standard of the world. Gold stocks are 17% higher than in Jan. 1, 2009 as of today and climbing!!! Do any of you think that having Gold is NOT better than stocks or mutual funds? Show me a stock or mutual fund that has outperformed Gold since Jan. 1. There aren't any. Link to comment Share on other sites More sharing options...
raqueteer Posted September 17, 2009 Report Share Posted September 17, 2009 Correct me, if I'm wrong. Gold backs the US dollar. Gold is the standard of the world. Gold stocks are 17% higher than in Jan. 1, 2009 as of today and climbing!!! Do any of you think that having Gold is NOT better than stocks or mutual funds? Show me a stock or mutual fund that has outperformed Gold since Jan. 1. There aren't any. Right and wrong. The only currency backed by gold, and that is only a 20% backing, is the swiss franc. U.S. dollar is a fiat currency, backed by nada, zip. Some gold stocks are 17% higher, Barrick just took a hit due to derivatives. I´m, a gold bug myself, however silver is historically at a very low ratio to gold, so has much higher to rise. JMHO, not advice. There might be some hedge funds but i think your mostly right there Further reference check out Bretton Woods. Link to comment Share on other sites More sharing options...
Guest RiberasMitch Posted September 17, 2009 Report Share Posted September 17, 2009 Correct me, if I'm wrong. Gold backs the US dollar. Gold is the standard of the world. Gold stocks are 17% higher than in Jan. 1, 2009 as of today and climbing!!! Do any of you think that having Gold is NOT better than stocks or mutual funds? Show me a stock or mutual fund that has outperformed Gold since Jan. 1. There aren't any. ???????????? http://en.wikipedia.org/wiki/History_of_the_United_States_dollar Link to comment Share on other sites More sharing options...
madriguera de conejos Posted September 17, 2009 Report Share Posted September 17, 2009 Correct me, if I'm wrong. Gold backs the US dollar. Gold is the standard of the world. Gold stocks are 17% higher than in Jan. 1, 2009 as of today and climbing!!! Do any of you think that having Gold is NOT better than stocks or mutual funds? Show me a stock or mutual fund that has outperformed Gold since Jan. 1. There aren't any. John, hilight is mine, don't plan on being a successful investment advisor anytime soon. Yes gold has done well but Canadian Bank Stocks far better....some up over 50%, also Canadian energy shares have generally also done better than your 17%. As always, do your homework, then invest your money. Sorry for the hijack....back to the original topic....as has already been expressed only those with a crystal ball have the answer, but personnally I wouldn't expect the USD to be in the hunt. Regards Link to comment Share on other sites More sharing options...
cando Posted September 17, 2009 Report Share Posted September 17, 2009 N/A Link to comment Share on other sites More sharing options...
cando Posted September 17, 2009 Report Share Posted September 17, 2009 In 1980 gold was $850 us per Oz, allowing for inflation that Ounce would now cost $2125 us Link to comment Share on other sites More sharing options...
raqueteer Posted September 17, 2009 Report Share Posted September 17, 2009 Whom do you think is sitting the most Gold in reserve? The US dollar will be used in our life time. For the ones that thinks that the USA are dummies wait until the oil supply drops in other countries and see who will come up with all the reserves. And wait and see who will have gold to back the US dollar. Believe me the US knows what they are doing hording all that gold. Further information provided here. http://www.thetrumpet.com/?q=6546.5025.0.0 Link to comment Share on other sites More sharing options...
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