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Re: Currency Play
Old 07-15-2006, 11:32 PM   #21
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Re: Currency Play

Originally Posted by PsyopRanger
In the last four years, itís down 47% against the euro, 15% against the pound, 23% against the Swiss franc, and 29%, and 31% against the Canadian and Australian Dollars.
Missing from this list are any Asian currencies.
Japan has had deflation for the past 10 years. The US has had inflation. But the yen is basically the same place it was 10 years ago even with the recent Japanese resurgence. Go figure.

In the meantime, I am waiting in vain until fall to convert my summer bonus into dollars, hoping the yen rises.


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Re: Currency Play
Old 07-17-2006, 07:33 AM   #22
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Re: Currency Play

Still have a few Japanese coins from my visit there in '86, when a buck would buy nearly 300 yen... :

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...not doing anything of true substance...
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Re: Currency Play
Old 07-17-2006, 09:10 AM   #23
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Re: Currency Play

Originally Posted by Ed_The_Gypsy
Personally, I would not try any pure plays on currencies.
Hey, currency speculation is a perfectly legitimate type of speculation! Assuming you are into speculation to begin with*
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Re: Currency Play
Old 07-17-2006, 10:34 AM   #24
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Re: Currency Play

Im too chicken to speculate.

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