The peso has been dropping a lot since december. What will happen next to it

ARMacleod says on Jan 21, 2005, 15:44:

Still here? There are people that I undoubtedly abhor. They lack morals, character and above all honesty. They call for a return to those values which were outdated and impractical in the first place. In case you cannot tell, I am talking about the Trollposter.

Let's start with my claim that any rational argument must acknowledge this. Trollposter's ideas are larrikinism reincarnate. They instill a general ennui and promote brazen ideologies. Put together they imply that we were put on this planet to be active and to perpetually struggle, this to promote and reinforce notions of self esteem. It is tempting to look for simple solutions to the problem. There are none.

Because foolish demagogism exists and has for a long time, there is no reason to accept it from trollposter. Trollposter clings to any argument or principle, however avaricious or mendacious, that appears to support its litanies. Trollposter is in the true sense of the phrase a social liability.

While we accept and do nothing, those who prohibit free thinking and visualisation beyond an increasingly psychologically caged existence and they will set the stage until we ‘wise up'. If that sounds progressive to you, then you must be facing the wrong way.

The underlying message is, Trollposter will never truly understand why it scares me and others. Trapped by the cognitive dissonance engendered by hard evidence and common sense, its tricks are scary and it does scare me: its ventures are scary its tricks are scary and most of all it decries or dismisses capitalism, technology, industrialisation and systems of democratic government bourne of enlightened ideas about the dignity and freedom of human beings.

We have an obligation do more than just observe. We have an obligation to arouse peoples indignation at trollposter in general. We have an obligation to justify condemnation, constructive criticism and ridicule of it and its cranky philippics. It is ridiculous that I have to be faced radicals whose nasty invectives are treated with apathy.

Good god, this is starting to make sense to me - ah well, time to top up my medication.

Being of unsound mind and dubious disposition, I cannot be held legally liable for any indiscretions."¡El diablo me hizo hacerlo!" But don't worry, be happy.

The brain is like a parachute, it only functions correctly when it is open. Pax vobiscum.

0 funny, 0 helpful.

utopiacowboy says on Jan 21, 2005, 15:45:

"Buy low, sell high" - that's what I always say. Didn't you ask this very same question on www.trolls.com?

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

0 funny, 0 helpful.

juanalejo says on Jan 21, 2005, 15:57:

dropping a lot ??????? Do you have a problem??????? The pound was worth 4588.26 exactly a month ago and it is today 4454.88 so that is a huge drop of 2.91% by the pound not the peso. Do you really live in this planet or you just like making a fool of yourself.

0 funny, 0 helpful.

utopiacowboy says on Jan 21, 2005, 16:11:

Good one, JamesVH. Looks like you're using that Premium Unleaded.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

0 funny, 0 helpful.

Gator says on Jan 21, 2005, 19:43:

Very dangerous months January is a very dangerous month to play the money market, as is february, march, april, may, june, july, august, september, october, november and december.

P.S. If any of us REALLY knew the answer to your question, JamesVH, do you thiink we would post it?

"Credidi pretio parvo emere et magno vendere tibi in animo fuisse!" .

0 funny, 0 helpful.

spigrimace says on Jan 22, 2005, 02:43:

Peso was a great investment January 2004 to December 2004. One could have put dollars into pesos at about 2750 last January and gotten out at 2350 in December making almost 15% in foreign exchange meanwhile getting 8% in a CD (they call it a CDT there) for a total of 23%. Peso may still be a good investment as I bet OldGringo remembers days long, long gone of 800-1. (I can hear him saying "before some of you were born!!")or are companies like "companywithdirtyrottenceowhosellsdaysb4bankruptcyduetodirtyaccounting.com" and "gaveoutstockoptionsliketoiletpaperwithoutaccountingforthem.com" still your investments of choice? Wished they offered derivitives on the peso as one could have made a killing.

0 funny, 0 helpful.

viewpoint says on Jan 22, 2005, 03:18:

GATOR - Very Dangerous Months QUOTE:

"January is a very dangerous month to play the money market, as is february, march, april, may, june, july, august, september, october, november and december."

HOW TRUE - GOOD POST

spigrimace, Your math is correct regarding the return on the peso vs. the us dollar but what giveth can taketh away. This peso rally can disapear as fastly as it came or maybe faster. I would not want to risk "any" money on the peso at the current exchange rates. The Colombian peso (I believe) is a good short at 2300 or lower for the long term.

If you believe otherwise you can buy the TES notes and sleep with the peso currency risk. Although the peso has been strong over the past year it's long term trend has been in decline against the major floating currencies. Due to this instability and uncertainity the interest rates in Colombia are very high due in large part to the continuing decline over the "LONG TERM" of the peso value. Most financial instruments in Colombia are written with interest components made up of the interest rate and the inflation component. Historically the inflation component has given the owner (lender) of the financial instrument some protection as the peso devalues because the inflation component increases giving the lender a higher renturn and the loan. This is great for the lender but turns the borrower inside out. I loan that might be 13% with inflation at 5.5% can suddenly become 18% if inflation ticks up to 10.5% and so on. It's kinda like a variable rate loan in the USA. This uncertainity and high interest rates (in part) is why the economy is so weak as compared to Panama who has 20% of it's workforce employed in the booming construction sector and enjoys interest rates as low as 5% (2.5% first time homebuyer up to US$62,000) 30 year residential home loans.

The Colombian central government should have cranked up the printing presses for the peso and never allowed this peso rally to extend to this extent as it will bite their economy in the ass. Spigrimace's post is absolutely correct and accurate, but myself having bet wrong twice on both sides of the peso risk have resolved that I am not a good predicter of Colombian currency moves and economic policy.

0 funny, 0 helpful.

Mr. Hollywood says on Jan 22, 2005, 09:53:

Viewpoint Do you know a fair bit about investing in Panama? That's a subject I'm quite interested in and would love to hear any first-hand advice. I'd also gladly take the conversation to email if you don't feel like talking about it in public.

0 funny, 0 helpful.

oldbongo says on Jan 22, 2005, 11:31:

spigrimace... 800--1 no i don't remember,i was in thailand then..
but i remember 50-1
arepas were 500 centavos, now they're 1000 pesos.

the oldgringo is too retarded to worry about currency exchange,
he just keeps his gelt in diamonds, and whenever he needs something,
he just goes to christies, and sells one.

0 funny, 0 helpful.

Lowell says on Jan 22, 2005, 11:58:

Investing in Panama I've done fairly well with property in Panama. Last June I sold some Boquete property for $62K, that I bought a little over a year before, for 50K. I'm now moving to Colombia and I'm selling my apartment here in the city. I should realize about a 5 - 10% gain in my investment and I've been her for less than a year. It helps to have property/units that sell for less than 100K. IE: Larger market. I may sell out qiuck for my cost so I can make my move to Colombia. My unit may be a good start for you. It's "Turn Key", comes with a great SUV and 1/2 interest in a Boston Whaler used for fishing in Lake Gatun. All for well under 100K and tax exempt for another 7-8 years. A great deal of research/care needs to be done to make money in Panama. It's not a place that one can come here and get rich overnite. Many people have been and continue to be swindled or overcharged for properties. This is especially true in the highland areas. Hope that this info helps. Let me know if you have other questions.
Lowell

Alfred E. Newman. "What. Me Worry?"

0 funny, 0 helpful.

Gator says on Jan 22, 2005, 14:59:

Oh, for the Good Old Days... of $145/1USD

"but i remember 50-1" Oldgringo, from reading your posts you arn't that old.

"Credidi pretio parvo emere et magno vendere tibi in animo fuisse!" .

0 funny, 0 helpful.

oldbongo says on Jan 22, 2005, 15:11:

just because.. the oldgringos' posts may be juvenile, at times,
and he is "only as old as the woman he feels"
he does indeed remember these figures distincly,
through the haze, ...or was that afghanistan?...
because thats where and when he first learned
the ability to comprehend the language of the public market
when trying to feed himself....."tres un peso"...first words.

0 funny, 0 helpful.

viewpoint says on Jan 22, 2005, 15:20:

Mr. Hollywood Sent you a PM re:Panama

0 funny, 0 helpful.

KOMACHI says on Jan 23, 2005, 08:01:

hey Take a plane and take those pounds with you! we dont need them.



(^-^)/ ...como quiero a mi chinita y a mi Colombia carajo!!!...

(^-^)/ ...como quiero a mi chinita y a mi Colombia carajo!!!...

0 funny, 0 helpful.

spigrimace says on Jan 23, 2005, 09:48:

Diamonds? I thought they were a Girl's best friend. I guess their an OldGringo's best friend too. Hope you invested in some Gold or Oil futures a few years back as well. You cannot tell me 9-5 paid for the yacht. Cheers.

0 funny, 0 helpful.

spigrimace says on Jan 23, 2005, 09:48:

Diamonds? I thought they were a Girl's best friend. I guess their an OldGringo's best friend too. Hope you invested in some Gold or Oil futures a few years back as well. You cannot tell me 9-5 paid for the yacht. Cheers.

0 funny, 0 helpful.

oldbongo says on Jan 23, 2005, 10:10:

grimace,..and grin....my boy.. you're doin' just fine,you got experience.

the oldgringos' too retarded to play with paper,
or things you can't see, hold, play with,and enjoy.
or,things that are not beautiful, durable,and portable.

like la commandante dripping with diamonds and gems.

time for football...disfrute!!!

0 funny, 0 helpful.