People working in Nepali bank tell me that if oil price keeps on rising (basically if average price of oil here in US reaches 5 dollars), it wouldn't be surprising if dollar weakens and goes to 60. It seems it is already overvalued.
Anyone knowing more than this, please provide your input.
Bkshres
If nep rs is not pegged against Indian rs, that would be a good thing for Nepal, not bad.
Nas bro,
The same group of people who are controlling the $ are also controlling Gold and Silver. I would be really careful buying gold and silver at those levels. It was a good buy below $1000 but at $1500 now...there is too much downside risk.
Nas bro kinna chai ka kinchau ni gold? What are the best places to buy gold?
khoi ta NAS bro mero question lai ta baal diyou yaar :-). Kinna chai kaha kinchau gold/silver?
Buy canadian dollar, it will keep on increasing.
Bodmas:: tilak jewelers ma Kinne ni, sasto bharpardo
NAS Dai : "Gold and Silver are valued much more than Iron because they are scarce in nature that is why they are called PRECIOUS metals"
What if tomorrow they dig out a gold mine that has an infinite volume of raw gold Or some kind of badass chemical that can turn iron into gold??? Afterall it's an weird unexplored world
ok say you buy load stack of gold and silver, given the scenario the value of dollar, due to inflation et al crashes, what would you then do about the gold silver reserve? what is the strategy? are you then talking about cashing in, again exchanging with the same currency which you are preaching about not using? how long should one hold on to these gold silver reserve? how does one measure the value given the scenario that the economy crashes, say at an apocalyptic scale? My point is what next?
GIven your prediction of global economic disaster, which is soon to come, would cause a domino effect in bringing down the civil society as we know it. In such situation I can guarantee that basic needs such as access to water, food, clothes, medicine, shelter precedes the value of gold, silver or any other precious metal reserve. Survival becomes an instinct.
Last edited: 27-May-11 12:17 PM
At current levels, in my opinion, precious metals are not the most secure investments; I do not expect gold to rise or plunge in the near future. The likelyhood of another Quantitative Easing is next to null, and even if the Fed raises the short-term interest rate, the raise will not be substantial enough to give the continiuity to the market movement that you might witness on the day, or two, of such announcement. Thus, expect to see the side-ways movement in the gold price.
Traditionally speaking, the corellation between dollar-index and oil-price has been pretty high (If I had to throw a number out there without doing any calculation, I would say above -0.85). However, with the dollar already at this level, I do not expect the dollar-index to react as greatly as it did in the past to the rise in oil prices. What could drag down the dollar value is the current situation with the U.S. debt ceiling. I expect the U.S. to extend its debt ceiling, but with some delays. That being siad, I am not very sure on the extend of negative impact of delays in extending the debt ceiling might have on the U.S. dollar value.
Given the uncertanity in the U.S. debt ceiling, which may or may-not drag down the dollar value, I would not start taking profit on gold yet; I would hold on to it.
On a seperate but lighter note, NAS bro, why are you trusting banks with your 80% of savings (gold and silver @ bank locker)? I am pretty sure you are avid listener of Gerald Celente. Let me remind you the three Bs that Gerald detests the most: Bullets, Bombs and Banks. Also,given the world's doom day scenario, shouldn't you allot certain percentage of your portfolio to cans of beans?
If there is a dooms day as predicted by some, the site below might come handy - food insurance!
http://www.foodinsurance.com/
Regards,
Megalomaniac
Nas bro, online gold kinne ramro store kun ho?
Well Said NAS. Visit JSmineset.com for further info.
Online store- Apmex.com
Who is the wisest man to put money in Nepali bank?
What do you do NAS. I mean what is your profession.
नाश दाई त्नपाई को सुन चादी चोर्न पाये त माल माल भाईन्थ्यो होला। लौन कता छ त्यो खजना सुटुक्क खबर पाउन।
http://economictimes.indiatimes.com/quickiearticleshow/8931335.cms
Why gold prices will continue to stay high
Vivek Kaul, ET Bureau
Gold prices have been on a roll over the past few years. The precious metal has given a return of about 160% in the past five years. That is, if you had invested Rs 100 in gold back then, it would be worth around Rs 260 today. Now, compare that to the investment made in the stock market during the same period. The 50-share NSE Nifty Index, which is a broad representation of the Indian stock market, has grown by around 83%, which means that Rs 100 invested in the stock market five years ago would have grown to Rs 183 by now.
The point is: return from gold has been almost double than from stocks. But that, as they say, is the past. What about the future? Will gold continue to perform as well as it has in the past? The answer is most likely yes. Gold prices will continue to rise even further in the days to come. Here are some reasons why.
Are Nepalese bank credible? You may lose all money .
Gold will reach 2k/ounce re. What nonsense of prediction/speculation that was.
Paul Krugman To Ron Paul: 'You're Living In A World That Was 150 Years Ago' (VIDEO)
why is gold price increasing despite high relative value of dollar?
In my opinion
1) pandemic induced global fear
2) inept American leadership
3) low or non-existent interest rate
You are behind buying gold, aren't you ?
Did you stop buying stocks?
Please log in to reply to this post
You can also log in using your Facebook
