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the US dollar

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  1. tonkatruck tonkatruck is offline

    Chicago, IL
    United States

    Posts: 509
    Joined: Mar 06

    Jul 12th, 2007 (7/12/2007 3:35pm)

    I'm worried the US dollar might drastically lose value and I want to diversify my investments overseas. Anyone know anything about that shit?
  2. Mr. Smith Mr. Smith is offline

    FM
    United States

    Posts: 2,273
    Joined: Apr 07

    Jul 12th, 2007 (7/12/2007 3:40pm) in reply to tonkatruck

    Buy Euro's. Send the rest to that delightful outfit in Nigeria.
  3. LeftyMark LeftyMark is online now Boss of Birds

    MA
    United States

    Posts: 22,783
    Joined: Jan 07

    Jul 12th, 2007 (7/12/2007 3:42pm) in reply to Mr. Smith

    That's what I did Mr. Smith but I am still waiting for my check. Should I be worried?
  4. tonkatruck tonkatruck is offline

    Chicago, IL
    United States

    Posts: 509
    Joined: Mar 06

    Jul 12th, 2007 (7/12/2007 3:42pm) in reply to Mr. Smith

    I'm a jackass, I don't know how to buy euros (obv w/o going to Europe). Is there some reliable online currency trading thing?
    Thread Starter
  5. Mr. Smith Mr. Smith is offline

    FM
    United States

    Posts: 2,273
    Joined: Apr 07

    Jul 12th, 2007 (7/12/2007 3:43pm) in reply to LeftyMark

    They are 100% legit, Mark. My check is in the mail and should arrive any day. In fact, i just heard the mailtruck go by. Be right back.
  6. CardAce23 CardAce23 is offline

    Los Altos, CA
    United States

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    Jul 12th, 2007 (7/12/2007 3:43pm) in reply to tonkatruck

    can't u just get euros from your bank?
  7. Willywoo Willywoo is offline

    Colorado Springs, CO
    United States

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    Jul 12th, 2007 (7/12/2007 3:44pm) in reply to Mr. Smith

    I am so glad to hear that. I was beginning to worry. Thank you.
  8. tonkatruck tonkatruck is offline

    Chicago, IL
    United States

    Posts: 509
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    Jul 12th, 2007 (7/12/2007 3:45pm) in reply to CardAce23

    Get what? Can I go to my bank and say, gimme my money in Euros? I seriously don't know shit about this stuff. My money just sits in a bank account earning 5% interest (needed all my money in one place for the condo closing, now I want to invest some of it).
    Thread Starter
  9. Willywoo Willywoo is offline

    Colorado Springs, CO
    United States

    Posts: 17,803
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    Jul 12th, 2007 (7/12/2007 3:46pm) in reply to CardAce23

    "Buy land, they aren't making it anymore."

    Will Rogers
  10. LeftyMark LeftyMark is online now Boss of Birds

    MA
    United States

    Posts: 22,783
    Joined: Jan 07

    Jul 12th, 2007 (7/12/2007 3:46pm) in reply to Willywoo

    Wheewwww. Thank God, I already have that money spent.
  11. LeftyMark LeftyMark is online now Boss of Birds

    MA
    United States

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    Jul 12th, 2007 (7/12/2007 3:48pm) in reply to tonkatruck

    Invest in the stock market.
  12. cosanostra99 cosanostra99 is offline

    Guangzhou
    China

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    Jul 12th, 2007 (7/12/2007 3:55pm) in reply to Willywoo

    We are -9 trillion dollars in debt.

    invest in euros pal.

    OH MY FRIGGIN HEAD.

    gg america.
  13. JeepRounder0 JeepRounder0 is offline

    South Bend, IN
    United States

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    Jul 12th, 2007 (7/12/2007 3:57pm) in reply to cosanostra99

    what fucking bank account is giving you 5% interest, this doesnt add up at all.

    maybe if you have an ign account, maybe.
  14. tonkatruck tonkatruck is offline

    Chicago, IL
    United States

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    Jul 12th, 2007 (7/12/2007 3:58pm) in reply to LeftyMark

    I don't think investing in the stock market is quite what I want to do. Simply put, I want to make sure a good size portion of my money is VERY diversified and safe. By investing in several currencies globally, I essentially guarantee that my money will remain stable providing there isn't a massive global economic breakdown. The Euro would certainly be part of my investment, but I'd also be looking at other countries as well (China and Russia come to mind, but there are certainly others).
    Thread Starter
  15. Mr. Smith Mr. Smith is offline

    FM
    United States

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    Jul 12th, 2007 (7/12/2007 3:58pm) in reply to cosanostra99

    Please don't ban him yet. I have yet to enjoy a good 2guns 9/11 conspiracy post. I have only heard rumors.
  16. tonkatruck tonkatruck is offline

    Chicago, IL
    United States

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    Jul 12th, 2007 (7/12/2007 4:01pm) in reply to JeepRounder0

    Its an ING savings account, didn't think it was anything too special. I know 5% is a good interest rate, but I think I might be limited on my transactions or something.

    This is what I'm trying to avoid, I want to know what my money is doing for me and right now I don't.
    Thread Starter
  17. skeeze666 skeeze666 is offline

    United States

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    Jul 12th, 2007 (7/12/2007 4:03pm) in reply to tonkatruck

    Suggest not taking this kind of serious issue to the off topic section of a poker discussion board?

    yellowpages.com/financialadvice??
  18. tonkatruck tonkatruck is offline

    Chicago, IL
    United States

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    Jul 12th, 2007 (7/12/2007 4:04pm) in reply to skeeze666

    Just wanted info on where to get more info. I'm not really looking for specific investment advise. Thanks for the link to the yellowpages section though.
    Thread Starter
  19. EddieO EddieO is offline

    Tampa, FL
    United States

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    Jul 12th, 2007 (7/12/2007 4:10pm) in reply to tonkatruck

    Buy Gold - in all a seriousness Gold is a great store of value....over thousands of years - the commodity boom over the last few years has been huge - but there's definitely still room. You can buy a Gold ounce for about $680 - $700 today
  20. DaVols DaVols is offline

    Wilmington, DE
    United States

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    Jul 12th, 2007 (7/12/2007 4:18pm) in reply to tonkatruck

    Where the hell is Seykota, she is the one you want to ask about this
  21. BigMarley4 BigMarley4 is offline

    Washington, DC
    United States

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    Jul 12th, 2007 (7/12/2007 4:22pm) in reply to tonkatruck

    5% is like the min these days. FNBOdirect.com has 6% until September.
  22. JeepRounder0 JeepRounder0 is offline

    South Bend, IN
    United States

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    Jul 12th, 2007 (7/12/2007 4:26pm) in reply to DaVols

    eddie I saw that commercial at 4am too
  23. EddieO EddieO is offline

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    Jul 12th, 2007 (7/12/2007 4:32pm) in reply to JeepRounder0

    I work in the financial markets - it really is a great store of value - no 4 am infomercial period - thousands of years ago one ounce of gold had a similar value to what it has today - similar to what it could buy hundreds of years ago - just check out the inflation numbers....FWIW
  24. Braaak Braaak is offline

    Skillman, NJ
    United States

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    Jul 12th, 2007 (7/12/2007 4:35pm) in reply to tonkatruck

    forex.com. easy to use
  25. steve steve is offline

    Memphis, TN
    United States

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    Jul 12th, 2007 (7/12/2007 5:08pm) in reply to tonkatruck

    the stock market is smoking hot right now, I highly recommend being in. if you're worried about diversification, consider an index fund or a spyder. these are securities that represent a piece of every stock in an exchange or index, like the Nasdaq or the S&P 500. So basically you track the movement of the market index itself, which has been climbing steadily recently.
  26. BlindBuddah BlindBuddah is offline

    San José
    Costa Rica

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    Jul 12th, 2007 (7/12/2007 5:14pm) in reply to EddieO

    International Real Estate preferable in place with limited to no taxes

    Look for a place that is attracting Americans, cause more and more Americans are investing abroad.

    First Place that comes to mind is Panama.
  27. EddieO EddieO is offline

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    Jul 12th, 2007 (7/12/2007 5:18pm) in reply to steve

    I respectfully disagree - the market is at all time highs - yes - but you have to consider that there may be a decent pull back after one of the best bull runs in our history...just something to consider.

    OBV long run it doesnt matter - but over the next year or 2 we could decline from here...
  28. tonkatruck tonkatruck is offline

    Chicago, IL
    United States

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    Jul 12th, 2007 (7/12/2007 5:43pm) in reply to BlindBuddah

    I can't afford to put too much of my money in anything non-liquid (recently engaged, bought condo, need new car) so real estate investment is probably out of the question for now. Gold might be a good safe investment of the size I'm looking for. Is that commodity trading? I'm basically looking to divorce a portion of my investment from the US dollar.
    Thread Starter
  29. yogiblair yogiblair is offline

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    Jul 12th, 2007 (7/12/2007 5:48pm) in reply to LeftyMark

    There's GOLD in them there hills I tells ya GOLD!!!!

    Not Jamie Gold either!!

    Gold is a great long term investment!!

    Yogi
  30. poker4jab poker4jab is offline

    San Francisco, CA
    United States

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    Jul 12th, 2007 (7/12/2007 5:59pm) in reply to tonkatruck

    buy gold

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