Question for the FOREX EXPERTS

tejasmarcos says on Apr 19, 2006, 07:06:

CLARIFICATION This is US based earned income. As such, it will immediately travel to an offshore account for deposit. I do not need to touch the money and I currently do not invest in Wall Street or any other foreign exchange for that matter. I have no expertise in this arena. I have no interest in converting to COP. My first instinct is to convert the DOLLARS to GOLD for the appreciation factor. My bank is only willing to give me 3%. Thoughts?

* My background is real estate (commercial & residential). This is my area of expertise.

trying to walk a straight line on sour mash and cheap wine...

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NewBoy says on Apr 19, 2006, 08:32:

Spread it around. I am not sure what money market funds you have in the US.

But I would would put:

Euro 40%
Swiss 30%
Pound 15%

I am from the UK, but prefer the other Countries currencies to the British pound at the moment.

Asian currencies the remainder, especially if you have a China currency fund, not sure if the are any of those though.

I am no expert, I would study some of the financial papers & magazines rather than ask people on PBH.

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coastal gringo says on Apr 19, 2006, 11:59:

Financial Advice This is probably not the best place to ask for financial advice but in my humble opinion the US dollar has the most to gain against the peso. The US economy is much stronger than Europe's at the moment and should continue to strengthen over the next 12 months. It is also the easiest to exchange in Latin America. Gold would be the worst place to put it as it has reached a peak.

For what it is worth and good luck!

“Dissent is the Highest Form of Patriotism.” -Thomas Jefferson

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oldbongo says on Apr 19, 2006, 12:15:

too easy... come invest in one of the oldgringos' shacks in
worlds best real estate market, and he will guarantee you double any bank rate, with no worries about any of those unknowns.

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untreated says on Apr 19, 2006, 12:51:

Gold will almost certainly go higher (my prediction). It's up 50% over the past 12 months.

The USD is not what it used to be ;(

I agree with GIB that the Colombian stock market is at a peak.

I myself am now in the process of buying a cute litle farm in Cesar department.

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SingSling says on Apr 20, 2006, 14:48:

Get out of the USD It doen't matter how well the US economy is doing, the government is writing IOUs to the rest of the world as fast as it can, eventually there will be a reckoning. Yield differentials are a red herring, a 2% annual cost of carry can be wiped out in 20 minutes on a volatile day. Buy the Euro do NOT buy gold (its a bubble) but most of all buy something that you can use one day if it goes against you, eg you can always live in a house but you cant eat gold.

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Boatygringo says on Apr 21, 2006, 08:24:

Gold My advice for what its worth is get out of paper money, The US and other counties are just cranking up the printing presses with nothing tangable to back up the currency. Personaly as you may have seen in my previous posts I recomend Gold or Silver, and you dont even have to hold it your self. Goldmoney,com will hold it for you.
I dont feel gold has topped out as both Gold and Silver are considered under-valued by a lot of people smarter than I.
Just my oppinion.
Boatygringo

Boatygringo

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mariasman says on Apr 22, 2006, 06:11:

I would put all you money into Bunuelos. The Colombian culture here seems to be in feeding frenzy here with these things. You will make out like a bandit.

mariasman

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tejasmarcos says on Apr 22, 2006, 07:59:

BUNUELOS? and what is this buenuelos you speak of?

*** i agree gold has not topped out and the continued devaluation of the dollar combined with the ever increasing price of oil will certainly drive gold higher.

trying to walk a straight line on sour mash and cheap wine...

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mariasman says on Apr 22, 2006, 12:49:

Bunuelos are... perfectly rounded spheres of heavily greased and fried to the teeth Cornball that Colombians here have perfected to a science. They are just a little bigger than a horse testicle and when you add extra butter, your arteries are going to really hate you.

mariasman

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