Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

Why is the US$ doom?

Reply
Highlighted
Super Contributor
... the Fed is printing $ at will (load of it), QE2 might = a Trillion US$. that is going to happen very soon, the Fed has found the right excuse - deflation! That's why the Rand is reach R6/$; the Oz$ will reach parity with the US$; Gold / silver will keep on going up, etc. This whole this is going to end in tears, China's will be the great winner. So, what assets do you keep / buy going forward?
0 Kudos
4 REPLIES 4
Highlighted
Super Contributor
a chinese/ english dictionary?
0 Kudos
Highlighted
Super Contributor
Hahaha, I sure we going to need a lot of those too.
0 Kudos
Highlighted
Not applicable
only the chinese are going to great lengths to devalue their currency as well
0 Kudos
Highlighted
Regular Contributor
Bordeaux Wine: "China has supplanted the United States as Bordeaux's top volume market outside of Europe. According to trade figures released recently, the People's Republic imported 13.5 million liters (equivalent to 18 million bottles) of Bordeaux in 2009."

In particular look at Chateau Lafite-Rothschild: ""It could be as simple as the fact that the name `Lafite' is easier to pronounce for Chinese consumers"

If all else fails you can still drink it...
0 Kudos