The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
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Post by The Big Daddy C-Master on Aug 4, 2015 15:00:50 GMT -5
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Post by JACK-2 on Aug 10, 2015 17:28:44 GMT -5
I'm watching this now. So, wages are falling...Is the Fed using that as a pretext to raise interest rates?
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Post by JACK-2 on Aug 11, 2015 15:06:09 GMT -5
So, when is the fed planning to raise interest rates?
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The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
|
Post by The Big Daddy C-Master on Aug 11, 2015 15:52:22 GMT -5
So, when is the fed planning to raise interest rates? It doesn't seem like they can because of the overwhelming debt. Seems more talk than walk.
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Post by JACK-2 on Aug 12, 2015 17:13:24 GMT -5
What are some good currencies to invest in? Besides Gold of course?
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The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
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Post by The Big Daddy C-Master on Aug 12, 2015 20:09:05 GMT -5
What are some good currencies to invest in? Besides Gold of course? Some like currencies in countries that are more productive. Like Australia.
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Post by magicattack on Aug 13, 2015 11:53:25 GMT -5
Interesting timing on that advice.
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The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
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Post by The Big Daddy C-Master on Aug 13, 2015 12:02:45 GMT -5
Well I'll preface that by saying that Gold isn't really purchased as a currency, or at least it's not supposed to be. It's supposed to be seen more actual money.
Gold is purchased as a hedge against a weaker performing dollar, particularly for the long term. If a person feels they want to protect their wealth against a declining dollar, they'd put some money in gold to help out against the loss in purchasing power.
Some people also do something similar in currencies as well. Some popular places would be certain Asain countries, New Zealand, etc.
There are a few approaches to it. Gold was going up for a long time and then it started going down for a bit with some spikes here and there. Now it's rising again, especially with China?
People should always do their due diligence before any investing though. Of course.
Debtors like low interest rates and inflation because it's a wealth transfer from savers to debtor. The last thing the debtor wants is high interest rates and deflation, which is why our government is so against it.
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