anyone plan to buy US currency?

Discussion in 'Currencies' started by gimmiethegold, Sep 16, 2013.

  1. gimmiethegold

    gimmiethegold New Member

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    If I took my 8 1oz kooks to america right now even with spot as is they would get $30 usd. The purchasing power over there for 30 us is a lot more than here for 30 from my previous travels to the states when the dollar was at parody. So if you wanted to get 30 usd now even with the dollar at 9377 by the time you get fucked by a couple of percent spread that might take the 30 to 27? AUD. Right now a cook I guess would get 27ish on ebay. Apart from this example would anyone here consider buying USD now or do people think it's likely to keep increasing under a newly elected government?
     
  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Since the US FED is creating 40 Billion new dollars every month...and they're only digging up ~60 Million Oz per month of silver... I'd stick with the Silver.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    They're actually creating 85 billion $ every month.
     
  4. Pirocco

    Pirocco Well-Known Member

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    But they don't lend it all out / don't spend it, it just sits on excess reserves balances at the Fed.
    The euro Ecb did the same as the Fed, and they already erased most of the created euro's again.
    And finding US currency buyers is apparently no problem:
    http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20081118.zip
    Take for ex there China, in september 2008 it had 585 billion dollars in its fiatreserves.
    Then juni 2013 data:
    http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
    In juni 2013 it had 1275.8 billion.
    Germany: from 41.4 to 59.3 billion.
    Japan: from 573.2 to 1083.4 billion.
    In 2008 the total was 2860.5 billion.
    Now it's around 5600 billion.
    So all this ZH/SD bullshit 'bout China/BRICS exiting dollar...
     
  5. willrocks

    willrocks Well-Known Member Silver Stacker

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    At the rate they're going, they'll be giving USD away soon.
     
  6. Pirocco

    Pirocco Well-Known Member

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    Above data shows the opposite: more and more dollars are bought by other countries as reserves.
    5600.6 / 2860.5 = 1,96 times, almost two times the amount dollars they held in 2008.
    The demand for dollars doubled.
    How does that fit in all those end-dollar stories that are littering this and other forums?
    The exact opposite is true. It's the classic trick of 'the biggest lies have most chance to be believed'. The originators of those lies just profit from people that act according to their lies, and lose.
     

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