I beg to differ miss sui,,
while I agree to which the Fed wouldn't too enthusiastic in rasing interest
rates like the OZ CB did..
I sincerely hard to accept the US is the largest above ground gold owners any
longer now.. Those statistics the WGC produces, it's not entirely factual..
I presume the BRIC boys especially India and China are now the largest above
ground gold in the world.. The US probably don't own much gold no more now..
Most of the Gold hedgefunders I met, shares the same thinking too lately...
--- Pada Jum, 16/10/09, It's Elaine! <elainesu...@gmail.com> menulis:
Dari: It's Elaine! <elainesu...@gmail.com>
Judul: Re: [ob] Re: NO INVESTING.
Kepada: obrolan-bandar@yahoogroups.com
Tanggal: Jumat, 16 Oktober, 2009, 10:14 PM
Well I dunno, if fed raise int rate then usd may rebound, but
I dunno. Why would the Fed endorse strong dollar policy if it only benefits
China? If I have huge debt, I want the underlying currency to be as low as it
can be (and my reserve as high as possible aka gold)
US holds the most gold in the world.
Weak dollar will make US exports goods and services cheap, more competitive and
attractive than to its Asian counterparts'. Like I said, even though prices (in
USD) may skyrocket, it's actually a deflation, because of its rapid losses in
value.
You may see, in 1-2 years, there will be a lot of foreigners walking in your
backyard, looking (stealing) your job. Indonesia will import a lot more of
goods, from raw sugar to prostitutes, because of its strong currency. Again,
only IF the fed doesn't raise int rate.
Elaine
On Fri, Oct 16, 2009 at 4:05 PM, edwin lumanto <edwin_lumanto@ yahoo.com> wrote:
Freak !!! USD/JPY bellow 80 is one big hell gate to chaos.
u re taunting right ?
From: It's Elaine! <elainesui83@ gmail.com>
To: obrolan-bandar@ yahoogroups. com
Sent: Friday, October 16, 2009 9:20:32
Subject: Re: [ob] Re: NO INVESTING.
Well I don't ask you to dump it, I was just saying that USD
is weakening, perhaps until USDJPY 50. Would you hold USD? I'm definitely not.
Cheap dollar is a pain for china as they have the biggest USD reserve in the
world.
But no worry lah, I know you only think about BUMI. hee hee
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