Currency in current economic climate
I'm not worried about the USD crashing per se, but you never know right about now.
Personally I'm planning on exchanging my USD to Euros after each session, or in the world more likely at the end of each day.
I would love to hear if others are considering their bankroll being in USD? Any other tips?
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I'm not worried about the USD crashing per se, but you never know right about now.
Personally I'm planning on exchanging my USD to Euros after each session, or in the world more likely at the end of each day.
I would love to hear if others are considering their bankroll being in USD? Any other tips?
Silver/Gold.
It's an asset. Price will fluctuate, usually inverse of USD, but....silver is heavily controlled by paper markets at comex. The reason isn't to make a fortune, it's to have something worth value in the event our currency tanks. You can always sell it in a country that has a currency of value, or barter in worst comes to worst situation.
As it is, mark my words. This 'market drop'. Is a **** test for fools to see if they will sell. Hedge funds will buy for fraction of the cost, and come out on top again. They do this every few years, and they push the rhetoric on purpose, paying people like Cramer to tell us 'peasants' what to do, and almost always the opposite of what's in our best interest.
Cramer says sell? Buy. Cramer says buy? Sell. He used to give legitimate advice, but then found it more profitable to be paid to pump/dump.
(Gold stores more value in lesser weights - It'll be hard to move 50 pounds of silver, but it's cheaper if you're buying a little at a time)
Silver/Gold. It's an asset. Price will fluctuate, usually inverse of USD, but....silver is heavily controlled by paper markets at comex. The reason isn't to make a fortune, it's to have something worth value in the event our currency tanks. You can always sell it in a country that has a currency of value, or barter in worst comes to worst situation.As it is, mark my words.
Thanks for the input, although I wasn't talking about investing, but instead having funds tied up in USD on poker sites. Stars, for instance, has the option of exchanging to Euros, but it gets converted back to USD every time, you sit at a table, so it's a bit of a hassle. Hence my original question as to what people are doing, if anything.
Thanks for the input, although I wasn't talking about investing, but instead having funds tied up in USD on poker sites. Stars, for instance, has the option of exchanging to Euros, but it gets converted back to USD every time, you sit at a table, so it's a bit of a hassle. Hence my original question as to what people are doing, if anything.
You're opening yourself up to gains/losses on exchange rates by swapping but you should still do whatever makes the most sense to you.
to see value between EURO and USD.
