Good time to buy US Dollars?

1) The chatter on one forex forum is that EUR/USD will go south for a bit until the results and ramifications of the Greek election have a chance to be digested by the market.

2) Kyle Bass also had his take on the above (as well as commenting on Japan's sovereign debt) and he would contemplate buying USD. I assume that means holding US currency in his hot little hands.
His rationale that it is the "flight to safety" reaction of investors.

My questions to SSers: Do you buy your USD from your local bank or the FX dealer that are in tourist areas in the CBD? Or is there somewhere else you'd use.

Cheers

 

I would not rush in before QE3 and the debt ceiling debate

 

QE3 has passed and the dollar is still strong if compared to the euro. In 2011 and 2012 there were better opportunities to buy dollars. Now I think the euro will only weaken and weaken and forex speculators will gain if they sell dollars afterwards.

 

I'd argue that QE3 has not passed, and never really will now, as it is QE to infinity.

It's just a matter of when they pull the QE triggers from this point forward and when the effects start to be seen.

 

Take the long view, TreasureHunter.

 

What was that quote about the USD being a safe haven designed to explode when you are inside?

 

Personally I'd look at Singapore dollars - but I'm paranoid and would only actually risk precious metals.