[redwriter]

Any Americans living in HK still getting paid in US Dollars? I have transferred all my US investments and retirement funds to Hong Kong banks. At least China will be strong for several more years. But I fear the US economy is going to collapse. I also own land in Canada which continues to be profitable. Also bought gold when it was $330 ounce. Stay clear of US dollars, that is my advice.

[climber07]

Originally Posted by redwriter

Any Americans living in HK still getting paid in US Dollars? I have transferred all my US investments and retirement funds to Hong Kong banks. At least China will be strong for several more years. But I fear the US economy is going to collapse. I also own land in Canada which continues to be profitable. Also bought gold when it was $330 ounce. Stay clear of US dollars, that is my advice.

Yes, the world it collapsing!!!! ABANDON ALL HOPE!!!!!!!! NNNNNNNNNNNOOOOOOOOOOOOOOOOOOO!!!!!!!!

If you were that worried about the Dollar (or any fiat currency for that matter) you should have been buying Bullion for the past 15 years! (Like some of us )

Stalin (albeit nuts) had something when he ordered anyone who "spread panic" SHOT!

I'm sorry but anyone who thinks Economy can exist in an ever-expanding form is a MORON! Say it with me......" BUSINESS CYCLES" All Markets will fluctuate, Real Estate, Financial, Equity, Fixed Income...Panicing about it will not help you!

So let me get this straight, you waited until the dollar fell and then locked in those losses by moving your assets over to Asia??? Wow BRILLIANT! Let me open a Hedge Fund and hire you to manage it! You're the next f**king Warren Buffet!!!!

PEOPLE - PLEASE STOP TALKING OUT OF YOUR ASS!!!!!! You're giving me a migraine.

[jonnye]

Originally Posted by climber07

Yes, the world it collapsing!!!! ABANDON ALL HOPE!!!!!!!! NNNNNNNNNNNOOOOOOOOOOOOOOOOOOO!!!!!!!!

If you were that worried about the Dollar (or any fiat currency for that matter) you should have been buying Bullion for the past 15 years! (Like some of us )

<sigh> Thank you Gordon, for forewarning the market of your intention to dump the UK gold reserve onto the market thus depressing prices... He made a few quid (slang: pounds) at the time of 'selling the family silver'. Of course the fact that gold is now considerably more than when he sold it is irrelevant.

Stalin (albeit nuts) had something when he ordered anyone who "spread panic" SHOT!

I'm sorry but anyone who thinks Economy can exist in an ever-expanding form is a MORON! Say it with me......" BUSINESS CYCLES" All Markets will fluctuate, Real Estate, Financial, Equity, Fixed Income...Panicing about it will not help you!

So let me get this straight, you waited until the dollar fell and then locked in those losses by moving your assets over to Asia??? Wow BRILLIANT! Let me open a Hedge Fund and hire you to manage it! You're the next f**king Warren Buffet!!!!

PEOPLE - PLEASE STOP TALKING OUT OF YOUR ASS!!!!!! You're giving me a migraine.

LOL - I'd been needing a good laugh for lunch time and you've provided it, climber07. You're right - the market always fluctuates and selling at a low and moving the equity into other assets (now at a high) does not strike me as the most sensible financial decision.

[KnowItAll]

A fair bit of the retail panic can be attributed to some very savvy PR by Warren Buffet and his ex-partner at Quantum (Jim Rogers) - to hype their investments in PetroChina.

If I'm not mistaken Jim Rogers has a newish commodities fund and is very much a China bull.

You know you're following the herd when supermodels start changing their contracts.

http://www.telegraph.co.uk/money/mai...ngisele105.xml

[Katanga]

Given the HKD is pegged to the USd, it does not make any difference whether you are getting paid in USD or in HKD. Its the same and the peg is around 1USD-HKD7.8.

Of course the dollar is collapsing; what do you expect when they run up such a huge trade deficit, have a housing crisis and therefore have to lower interest rates.

Worse to come before it gets better.

[Katanga]

Ohhh and KIA, Buffett is out of his PetroChina investment a few months back. He rightly sees it as an overvalued company (an China as a whole)

[EvilLandlord]

Originally Posted by KnowItAll

A fair bit of the retail panic can be attributed to some very savvy PR by Warren Buffet and his ex-partner at Quantum (Jim Rogers) - to hype their investments in PetroChina.

If I'm not mistaken Jim Rogers has a newish commodities fund and is very much a China bull.

You know you're following the herd when supermodels start changing their contracts.

http://www.telegraph.co.uk/money/mai...ngisele105.xml

warren buffet never worked at quantum, nor did he work with Jim rogers. quantum is the shop that is run by george soros.

KIA - it seems that when it comes to finance, you may not be such a know-it-all after all. ;-)

[kombuchakid]

What was One US$ worth then and now

China, 1986 - 2006
1986 3.4616 (New People's Currency) Yuan
1987 3.7314 (New People's Currency) Yuan
1988 3.7314 (New People's Currency) Yuan
1989 3.7673 (New People's Currency) Yuan
1990 4.7921 (New People's Currency) Yuan
1991 5.3337 (New People's Currency) Yuan
1992 5.5206 (New People's Currency) Yuan
1993 5.7795 (New People's Currency) Yuan
1994 8.6397 (New People's Currency) Yuan
1995 8.3700 (New People's Currency) Yuan
1996 8.3389 (New People's Currency) Yuan
1997 8.3193 (New People's Currency) Yuan
1998 8.3008 (New People's Currency) Yuan
1999 8.2783 (New People's Currency) Yuan
2000 8.2784 (New People's Currency) Yuan
2001 8.2770 (New People's Currency) Yuan
2002 8.2771 (New People's Currency) Yuan
2003 8.2772 (New People's Currency) Yuan
2004 8.2768 (New People's Currency) Yuan
2005 8.1936 (New People's Currency) Yuan
2006 7.9723 (New People's Currency) Yuan

India, 1986 - 2006
1986 12.60 Rupee
1987 12.94 Rupee
1988 13.90 Rupee
1989 16.21 Rupee
1990 17.49 Rupee
1991 22.71 Rupee
1992 28.16 Rupee
1993 31.29 Rupee
1994 31.39 Rupee
1995 32.42 Rupee
1996 35.51 Rupee
1997 36.37 Rupee
1998 41.36 Rupee
1999 43.13 Rupee
2000 45.00 Rupee
2001 47.22 Rupee
2002 48.63 Rupee
2003 46.59 Rupee
2004 45.26 Rupee
2005 44.00 Rupee
2006 45.19 Rupee

Japan, 1986 - 2006
1986 168.35 Yen
1987 144.60 Yen
1988 128.17 Yen
1989 138.07 Yen
1990 145.00 Yen
1991 134.59 Yen
1992 126.78 Yen
1993 111.08 Yen
1994 102.18 Yen
1995 93.96 Yen
1996 108.78 Yen
1997 121.06 Yen
1998 130.99 Yen
1999 113.73 Yen
2000 107.80 Yen
2001 121.57 Yen
2002 125.22 Yen
2003 115.94 Yen
2004 108.15 Yen
2005 110.11 Yen
2006 116.31 Yen

[Crocodile]

Originally Posted by KnowItAll

A fair bit of the retail panic can be attributed to some very savvy PR by Warren Buffet and his ex-partner at Quantum (Jim Rogers) - to hype their investments in PetroChina.

If I'm not mistaken Jim Rogers has a newish commodities fund and is very much a China bull.

You know you're following the herd when supermodels start changing their contracts.

http://www.telegraph.co.uk/money/mai...ngisele105.xml

Thanks for the picture.... errr, article.

[KnowItAll]

>> Buffett is out of his PetroChina investment a few months back

Oops ... have not been tracking it.

Was with a group of well to do Shanghaiers a few months ago - Jim Rogers was in that group as he was the keynote speaker at this conference - seemed to be a very calculated spin .. and I thought Warren was a part of it.

Never hurts to start a new rumor though ...

All bloody manipulated I tell you.

xx% up ... xx% down ... even Vegas odds don't fluctuate so much.

EvilLandlord : yeah .. I'll shut up now.