Thread: How China Might Buy More Gold Than America Owns

How China Might Buy More Gold Than America Owns



The have to dump the dollar while they can!!!

[quote name='michaelr' date='29 December 2009 - 03:12 PM' timestamp='1262117523' post='87992']

How China Might Buy More Gold Than America Owns



The have to dump the dollar while they can!!!

[/quote]



Quick question...if we were to change currency, would what I owe on my house, etc. end up being more or less than it is now?

[quote name='Blueneck' date='29 December 2009 - 01:36 PM' timestamp='1262122598' post='88056']

Quick question...if we were to change currency, would what I owe on my house, etc. end up being more or less than it is now?

[/quote]

It does not work that way. It would cost you the same as you would have to use the dollar value.



Is this a trick question?

[quote name='michaelr' date='29 December 2009 - 04:39 PM' timestamp='1262122793' post='88058']

It does not work that way. It would cost you the same as you would have to use the dollar value.



Is this a trick question?

[/quote]



No.



I don't understand monetary stuff.

[quote name='Blueneck' date='29 December 2009 - 01:47 PM' timestamp='1262123240' post='88064']

No.



I don't understand monetary stuff.

[/quote]



I am no currency expert. But you can look at it like a variable. We'll call currency " x ".



If the value of X decreases, what you owe may decrease, but also your assets and income do, at the same ratio... so effectively, the cost of your debt to you, will be the same.

[quote name='gabebrooks' date='29 December 2009 - 05:41 PM' timestamp='1262126506' post='88100']

I am no currency expert. But you can look at it like a variable. We'll call currency " x ".



If the value of X decreases, what you owe may decrease, but also your assets and income do, at the same ratio... so effectively, the cost of your debt to you, will be the same.

[/quote]



Then why is everyone so worried we'll switch currencies?

[quote name='gabebrooks' date='29 December 2009 - 02:41 PM' timestamp='1262126506' post='88100']

I am no currency expert. But you can look at it like a variable. We'll call currency " x ".



If the value of X decreases, what you owe may decrease, but also your assets and income do, at the same ratio... so effectively, the cost of your debt to you, will be the same.

[/quote]

Well thats if you hang on to it. The question was about trading it, would it require more or less. What is the best currency to trade then pay off the home. The dollar value of what ever currency is the issue, and it would be the same.



Best investment would be coins, gold.

[quote name='Blueneck' date='29 December 2009 - 01:36 PM' timestamp='1262122598' post='88056']

Quick question...if we were to change currency, would what I owe on my house, etc. end up being more or less than it is now?

[/quote]



its always going to be a gamble, even for the best and most experienced traders.



Best bet, unless you really know what you are doing, and are okay with the risk, just stick with the US Dollar.

[quote name='Pragmatist' date='01 January 2010 - 05:07 AM' timestamp='1262351241' post='89808']

Simple, just watch what Mike says and do the opposite cause he ain't got a clue.

[/quote]

Ya listen to that, you will be broke quick like.



Good grief. Have you ever wondered how I could be retired for as long as I have been and plan on staying that way. Do you think I get government funds or some shit?



Show me where i have been wrong on the economy or currencies Prag?