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Reply to: Time to abandon dollars?
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Previously on "Time to abandon dollars?"
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Originally posted by Churchill View PostI'd just like to quote the above for when the bubble bursts.
Good luck.
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Originally posted by ThomasSoerensen View PostNothing is wrong with GBP.
Keep buying, both GBP and crap/ipad2/sledges
cheers
Gordon Brown
GBP/USD (2011 so far)
APPL (2011)
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Originally posted by Jog On View PostWhat's wrong with £?
I'm long GBP/USD
Keep buying, both GBP and crap/ipad2/sledges
cheers
Gordon Brown
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Too much of a bubble for me, it will go higher but best seats on the boat missed I reckon.
India has taken a recent kicking, I will be chucking some change in that direction when the bleeding cheques clear (NOT the farm of course, 5% or so)
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The reason could be that the Chinese central bank will now conduct all transactions in Yuan and not in Dollar. Last week in the US they discovered that China holds a lot more dollars than they thought. Apparently China is now the biggest creditor, in the US because the purchases were in London they'd previously been attributed to the European Union. So it looks like, after all the protectionist blustering over the last few months in the US, China is enjoying "tweaking" their nose a bit.Last edited by BlasterBates; 3 March 2011, 08:04.
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Well, unless we are facing global meltdown a la 1930s I think it's a bit of a bubble. There might be some further short term gain but it will all unwind once the real world starts getting normal again.
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