Should I pile into the CDN dollar now?

[Mao Tse Tongue]

I have a whack of cash in US dollars. Given the loonie's slide in the last few days, is now the time to get into CDN dollars, since I figure the loonie will never drop below the sagging US dollar?

Love to hear what people think.

 

[RogerRabbit]

caveat emptor

I have a whack of cash in US dollars. Given the loonie's slide in the last few days, is now the time to get into CDN dollars, since I figure the loonie will never drop below the sagging US dollar?

Love to hear what people think.

Too many speculators are in the game now, like hedge funds, so you are going to see wild exchange rates. From below par to 1.10 back to 1.01 in the last few weeks is an unprecedebted swing. Two cents in 6 months used to be considered extreme, in USD vs. CDN, now that is happening in a day, e.g.: http://www.reportonbusiness.com/servlet/story/RTGAM.20071115.wrboc1115/BNStory/Business/home

This may be a sign of US recession, around the corner...

I would diversify and also pick up Swiss currency and gold bars too...

 

[Mao Tse Tongue]

Yea, it's been crazy. If I play the currency difference properly, all my MP visits can be free!

 

[tboy]

I'm no investment whiz (by a LONG shot lol) but if I had the coin to invest in something what I'd do is invest in a stable commodity (like gold) or real estate (US) while the dollar is strong. that way even if the dollar tanks, you've still got the max investment for your dollar.

I guess it would depend on your goals: are you looking for short turn gain, or long term security? IMO things like oil will always increase in value over the long term.

 

[BuffNaked]

Don't invest in other currencies unless you can see future. Instead, invest in precious metals. Gold will continue to keep risisng as long as the US dollar is falling because that where people put thier money to protect its value.

 

[tboy]

Sorry, I misread the original posting. Frankly I can't see the US greenback (or the US itself for that matter) being down too long. It is too large a market industrial powerhouse to be on the ropes for long.

I don't know how much US you have on hand, but I was taught to "buy low, sell high". If the greenback is low now, I'd hang on to it unless of course you think it is going to go any lower but I don't think the powers that be would let that happen. I don't all the ins and outs that they can do, but I don't think they ones making the decisions would let it slide too far before stepping in. But that's just me and my paranoid delusions about the powerful people in the world lol.

 

[multiman]

Although I agree, and have in fact recently uped my share of gold and precious metals stocks, I am actually buying up US cash. I believe the greenback will bounce back up soon, and living on a border town like I do, the chance for me to buy US at 90 cents on the dollar is just too great to avoid. Besides it just feels good for a change to have the tables turned and have our loonie worth more than there dollar.

 

[csmcclure]

If you buy the US dollar now and you're hoping for a quick strengthing you'd be betting against Warren Buffet. At a recent conference in Toronto he said that the CDN $ will remain higher than the US $ for the next 5 years.

 

[verbalks]

If you have to ask financial advise on a escort review board it is a bad idea. Clearly you don't know what you are doing.

 

[Gyaos]

If you buy the US dollar now and you're hoping for a quick strengthing you'd be betting against Warren Buffet. At a recent conference in Toronto he said that the CDN $ will remain higher than the US $ for the next 5 years.

The last advice on currencies I would take is from Warren Buffet. He only comments on it for quick short term profit gains and then cashes out when everyone forgets his comments. I say don't bet against the US Dollar in late 2008 and all of 2009.

I think the absolute best place to get financial information is on an Escort Review Board. We're talking a multi-billion dollar worldwide industry that bets for the best looking women and gaining incredible incomes just to be with them.

For 2008, the Thai Baht will continue to weaken faster than the USD if you want quickie advice. And we all know we can get laid in Bangkok too!

Gyaos Baltar.

 

[S.C. Joe]

Isn't Warren Buffet like 80 years old by now?

Not saying he wasn't a smart guy-he sure knew how to handle money no doubt-but when people get that "old" sometimes they don't think as good as they used too.

I find it hard to believe looking at where the US and Canada dollar has been swinging for the last 5 years, that the next 5 years the Canada dollar will just stay as high as it is now.

We see...I guess.

 

[sp free]

If you cash in now you are still losing money. I'd hold out.

 

[TQM]

What you should do....

the precise opposite of whatever idea comes to your head. You're asking this one way too late. By the time you're in the game, the game is over. Keeping that in mind...... do the opposite.

 

[Big Sleazy]

If you have to ask financial advise on a escort review board it is a bad idea. Clearly you don't know what you are doing.

I disagree. I'll bet there's plenty of finance, lawyers, bankers etc.. here on terb. It's not like it's just the unwashed that like sex.

BS

 

[verbalks]

I disagree. I'll bet there's plenty of finance, lawyers, bankers etc.. here on terb. It's not like it's just the unwashed that like sex.

BS

While lawyers, bankers may be smart people it does not make them a currency analysis.

How do you tell the people educated in currency trading from the pretenders.

If you can afford to speculate in the currency market you can afford professional advise.

Any professional finical adviser worth his salt would not make any recommendations with out know your risk tolerance.

Of course please feel free to take the advise of the "professionals" here.

 

[S.C. Joe]

A few months ago, nobody thought the Canadian dollar would be @ par with the US dollar.

Nobody knows whats going to happen--not next month, let alone 5 years from now.

If I lived in Canada, I be buying US dollars right now..seems theres a better chance of the US dollar going back up, then the Canada dollar keep going higher

But NOBODY knows what WILL happen.

 

[train]

I have a whack of cash in US dollars. Given the loonie's slide in the last few days, is now the time to get into CDN dollars, since I figure the loonie will never drop below the sagging US dollar?

Love to hear what people think.

Most people are asking themselves whether they should be buying US dollars now or even US real estate.

 

[goodtime]

Or purchased. Noticed our banks been cross-border shopping.

I've great respect for Warren B but hard to picture a 5 yr run with CDN > US$. Especially since many metal, oil, currencies are peg to US%. At this rate, Manhattan will be Chinese-owned just like the Japanese in the past. Difference being foreign interest in small chuck otherwise protectionism will kick in .

 

[Mao Tse Tongue]

If you have to ask financial advise on a escort review board it is a bad idea. Clearly you don't know what you are doing.

I love these asshole posts. Listen, there are plenty of really smart people on this board. I've had more assistance on this board in matters of cars, money and travel than than the $500 an hour types who also inhabit my world.

Do I rely on any one source? No. That's why I'm rich.

Thanks to others for their help.

 

[Mao Tse Tongue]

Most people are asking themselves whether they should be buying US dollars now or even US real estate.

Actually, you're wrong on both counts. Many people are piling into US dollars (read the ROB this morning for the why's) and US real estate is a bargain at the moment if you're coming with loonies.