Posted by: sidster May 22, 2011
1 Dollar= Rs 60 soon?
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Atiranjeet,

You can buy Stocks like GLD and SLV who claim to deliver you the actual metal upon request. They behave like cash.

Bkshres,

You have brought up a good point. There has been a good argument that India is actually piggy backing Nepali Currency with them and we have been enjoying the Indian Prosperity with the fixed exchange rate we have with Indian Rupees. There has been ideas that Nepali Rupees would be exchanged at ( $1 = Rupees 250) if it did not have fixed exchange rate with Indian Rupees. Now, i think that can be argued both ways...either India is being a good guy and preventing an economic disaster on its younger brother like it claims or India is being evil as usual by making sure INR does not fall  low enough where it would be much more cheaper to produce goods in Nepal than India.

Nas Bro,

If the world is really coming to an End and Dollar is indeed crashing, isint it wiser to buy the next dominant currency than Gold or Silver? It turns out GOLD and SILVER is just another metal they dig it out of the ground and has a less industrial use than Iron. Glen Becks and his Kind are helping naives get suckered into Gold and Silver. Are you watching what they did to Silver recently??? Silver lost 30% of its value in less than 3 weeks. I strongly believe they will do the same to Gold. They are selling/marketing gold and silver the same way they were markeing Housing back in 06/07, I think the gold will be crashed all the way below $1000  and Silver below 20.

If your theory holds any water, i would rather own a piece of farmland and guns to protect it than Gold and Silver. Even better, if US $ is indeed crashing it is lot wiser to buy the next dominant currency than Gold and Silver.



Last edited: 22-May-11 10:45 AM
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