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Some interesting currency moves today
Re: Some interesting currency moves today
This used to be an active thread, thought there would be something based on a post by SMS in FB about SGD weakening, must admit that I have not had time for this kind of news with all else going on recently
Ape Shall Not Kill Ape.
Re: Some interesting currency moves today
I think Gold is safest currency in the current circumstances. With all this rubbish central banks are doing with negative rates. Fed will probably never be able to hike as US growth with fall to 1% in the second half of this year. US dollar will also fall and that will give a new leg up for gold.
http://www.barrons.com/articles/stephan ... 1471670011
This article is behind a pay wall but you can google for:
Stephanie Pomboy: A Grim Outlook for the Economy, Stocks
I am waiting for Gold to fall a bit before I start accumulating. Currently USD has Started strengthing again with this drama around rate hike which will never happen. Gold will fall a bit as USD rises, that will be a good time to buy.
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http://www.barrons.com/articles/stephan ... 1471670011
This article is behind a pay wall but you can google for:
Stephanie Pomboy: A Grim Outlook for the Economy, Stocks
I am waiting for Gold to fall a bit before I start accumulating. Currently USD has Started strengthing again with this drama around rate hike which will never happen. Gold will fall a bit as USD rises, that will be a good time to buy.
Sent from my Redmi Note 2 using Tapatalk
Re: RE: Re: Some interesting currency moves today
Good byeforextradingsignals wrote:EURUSD:- increasing towards 1.1238. For more Forex tips ...
Re: Some interesting currency moves today
Hey guys,
What's up? Resurrecting this thread. How are you guys positioning for 2017? Especially those earning in SGD, what are your views about different asset classes?
My on view is SGD will take a big hit from Trump's anti globalization measures. I think gold will be a good diversification. I am considering opening UOB gold savings account and keep transferring my new monthly savings into it. My entire portfolio is in India. It is only the new savings that I need to plan.
BTW, I have more or less decided that we will move back to India before next Jun as my daughter starts primary and it will be a good time to say Bye-Bye to Singapore. It will be 9 years here next year in Jun. Wow, I really didn't think I will stay here this long and that too without PR.
What's up? Resurrecting this thread. How are you guys positioning for 2017? Especially those earning in SGD, what are your views about different asset classes?
My on view is SGD will take a big hit from Trump's anti globalization measures. I think gold will be a good diversification. I am considering opening UOB gold savings account and keep transferring my new monthly savings into it. My entire portfolio is in India. It is only the new savings that I need to plan.
BTW, I have more or less decided that we will move back to India before next Jun as my daughter starts primary and it will be a good time to say Bye-Bye to Singapore. It will be 9 years here next year in Jun. Wow, I really didn't think I will stay here this long and that too without PR.
Re: Some interesting currency moves today
Interesting thoughts WD - however I think the old saw about USD being a currency of refuge will apply - isn't it close to 1.45 now up from 1.22?
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
Re: RE: Re: Some interesting currency moves today
I am not very sure whether USD will rise a lot from here. But Gold definitely has potential to rise as a safe haven currency. Regarding equities and bonds, I think both are at risky elevated levels.PNGMK wrote:Interesting thoughts WD - however I think the old saw about USD being a currency of refuge will apply - isn't it close to 1.45 now up from 1.22?
Gold does well not only as safe haven asset, it also does well when real interest rates turn negative. Trump's policies will cause inflation and fed will be behind the curve in raising rates, causing real rates to be negative.
And since we are buying Gold using SGD, it protects against SGD depreciation even if USD rises as long as Gold also rises along with USD.
The UOB gold savings account is paper gold. Quite unique, I don't see any other bank offering it.
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Re: Some interesting currency moves today
Just be warned that when the revolution comes "paper gold" certificates will be worthless. I have over a $1MM of them framed above my desk from Shanghai in the 1920/1930s.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
Re: Some interesting currency moves today
Well, yeah I agree. But I am not preparing for a revolution. Just Gold going back up to its previous highs.PNGMK wrote:Just be warned that when the revolution comes "paper gold" certificates will be worthless. I have over a $1MM of them framed above my desk from Shanghai in the 1920/1930s.
SPDR Gold shares is a also an efficient way of owning Gold.
https://secure.fundsupermart.com/fsm/#! ... et/SGX/O87
- Strong Eagle
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Re: Some interesting currency moves today
With that lunatic Trump in the Whitehouse, anything can happen and none of it will be good.Wd40 wrote:Well, yeah I agree. But I am not preparing for a revolution.
Re: Some interesting currency moves today
Up until last year I would have been more comfortable with stacks of "pink Maos" in the safe.PNGMK wrote:Interesting thoughts WD - however I think the old saw about USD being a currency of refuge will apply - isn't it close to 1.45 now up from 1.22?
However, with all the noise in the So. China Sea lately, looks like it may be time to go for the gold.
Re: Some interesting currency moves today
Strong Eagle wrote:With that lunatic Trump in the Whitehouse, anything can happen and none of it will be good.Wd40 wrote:Well, yeah I agree. But I am not preparing for a revolution.
Agreed. USD already dropping back to 1.42 from a 1.45 high.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
Re: Some interesting currency moves today
dude. the only reason to hold gold is to hold it physically. while I have speculated in gold on paper i would never hold it as paper.... i know you can't take it back to india so just leave it with me.Wd40 wrote:Well, yeah I agree. But I am not preparing for a revolution. Just Gold going back up to its previous highs.PNGMK wrote:Just be warned that when the revolution comes "paper gold" certificates will be worthless. I have over a $1MM of them framed above my desk from Shanghai in the 1920/1930s.
SPDR Gold shares is a also an efficient way of owning Gold.
https://secure.fundsupermart.com/fsm/#! ... et/SGX/O87
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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