34 Baht to a Dollar?

**britmaveric** · 04-11-2007, 09:11 AM

^^^ not exactly, record high of $850/oz ($27,300/kg) on 21 Jan 1980.

**Mr Earl** · 04-11-2007, 09:43 AM

^see any parallels? Such an Iranian fiasco brewing and ready to blow?

**Thormaturge** · 04-11-2007, 09:50 AM

I suppose the best investment strategy for Americans right now would be to buy gold and vote this guy into office next November...

Luckydog · 04-11-2007, 01:27 PM

I feel very sorry for those retired Americans whose pensions are going down in value......Fortunately mine is going up! Got 0ver 70bht to the pound yesterday!

**DrAndy** · 04-11-2007, 01:48 PM

I gat paid in $$ too at the moment, but I had factored the drop into my fees. I think that the US$ will continue to fall in line with the rise in oil prices, it is just a financial trick! anyway, when it reaches about £1=$2.40 then it may reverse, or not

**britmaveric** · 05-11-2007, 11:45 AM

I'm up 30% for the year.... very good year indeed.

**terry57** · 05-11-2007, 12:35 PM

Bloody wonderful if your an Aussie.

Anyway boys, look at it this way :

You Americans have had it very good for a long time with the strength of your dollar.

Its now shit its self, one cant complain to much as give it 10 years and you'll be back up there.

**Spin** · 05-11-2007, 01:08 PM

Originally Posted by donmeurett

I would call it a ALL TIME HIGH not a 28 year high. There is no time in history that it was higher than now.

well, when it reached 850 in 1980 that was the high, but at that time the dollar was more valuable than it is now which kind of makes todays price cheap?

Here the dollar strenght index, the trend dosent look good since it crashed through support at 80.

Originally Posted by aging one

Buying, it will strengthen as soon as Bush is gone

Madness, buying dollars now is not recommended. The partner business of George Soros recently said he was buying Chinese yuan. he recons it HAS to triple in value of the next three years.

bkkandrew · 06-11-2007, 02:28 AM

Originally Posted by Spin

Originally Posted by donmeurett

I would call it a ALL TIME HIGH not a 28 year high. There is no time in history that it was higher than now.

well, when it reached 850 in 1980 that was the high, but at that time the dollar was more valuable than it is now which kind of makes todays price cheap?

Here the dollar strenght index, the trend dosent look good since it crashed through support at 80.

Originally Posted by aging one

Buying, it will strengthen as soon as Bush is gone

Madness, buying dollars now is not recommended. The partner business of George Soros recently said he was buying Chinese yuan. he recons it HAS to triple in value of the next three years.

Agreed. doubling or tripling of the yuan is the only way that the trade imbalance with USA would be cured. And that has to happen from a fundamental economic point of view...

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