Reply to: Time to abandon dollars?

[TimberWolf]

I'm out of dollars and good riddance. Watch them rise now.

[DimPrawn]

I'd just like to quote the above for when the bubble bursts.

If the gold "bubble" bursts it means all the western debt, middle east strife and global population and energy problems have been solved, and good old bits of paper printed by banks have incredible buying power again.

Good luck.

[Churchill]

Only if you can find someone more stupid to buy it from you further down the line.

Yes, stick to sterling Churchy, it's not like they can just print it!

I'd just like to quote the above for when the bubble bursts.

[AtW]

Even if I hold it for a few months?

Yes.

Anything wrong with £1 = $2?

A lot.

[Jog On]

That's still dirty spekulation!

Even if I hold it for a few months? Anything wrong with £1 = $2?

[AtW]

What's wrong with £?

I'm long GBP/USD

That's still dirty spekulation!

[Jog On]

Nothing is wrong with GBP.
Keep buying, both GBP and crap/ipad2/sledges

cheers
Gordon Brown

Phew! I was second guessing myself for a moment there...

GBP/USD (2011 so far)

APPL (2011)

[DimPrawn]

[DimPrawn]

Only if you can find someone more stupid to buy it from you further down the line.

Yes, stick to sterling Churchy, it's not like they can just print it!

[ThomasSoerensen]

What's wrong with £?

I'm long GBP/USD

Nothing is wrong with GBP.
Keep buying, both GBP and crap/ipad2/sledges

cheers
Gordon Brown

[Jog On]

What's wrong with £?

I'm long GBP/USD

[lukemg]

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)

[Churchill]

(and perhaps £s too) and stick it all on gold?

Only if you can find someone more stupid to buy it from you further down the line.

[BlasterBates]

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.

[doodab]

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.