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If these HY currencies are falling against the USD, I always feel that this does not concern me much, because I currently have no interest in USD, I won't need USD in the future and I have no connection to the USA or any country that uses the USD either. Is this ignorant considering that the USD is one of the world's dominant reserve currencies? I am holding "some" USD in one of my accounts, but only a small percentage of my total cash, probably about 5%.
If they are falling against the USD, are they falling against the THB, too?
I have thought about converting some of my AUD to SGD for diversification but I have been unsure of the right time and hesitant because the loss of income from interest.
Posts I've Made
In Topic: How Are You Hedging Against The Euro/Greek Crisis?
2012-05-17 17:07:53
w11guy, on 2012-05-17 15:09:11, said:
Yes, that was my point. It is the other poster that said people were selling their houses, not me.
In Topic: How Are You Hedging Against The Euro/Greek Crisis?
2012-05-17 17:00:22
Naam, on 2012-05-17 14:19:45, said:
balance risk with appropriate heaps of cash (USD, EUR, GBP, CAD, JPY, SGD) even though cash in these currencies provide zero yield on overnight basis.
-sell, respectively avoid high yield currencies such as (BRL, TRY, ZAR, AUD, NZD) which are always hammered in a crisis.
Naam, can you explain a bit more in detail why I should not hold AUD and ZAR, but USD and EUR currencies?
(I'm doing the opposite, mainly because I am living of the high interest rates that I am getting from AUD and ZAR btu also because I am thinking that the EUR and the USD are in trouble.)
In Topic: How Are You Hedging Against The Euro/Greek Crisis?
2012-05-17 03:36:55
w11guy, on 2012-05-16 14:20:49, said:
terryp, on 2012-05-16 09:47:51, said:
most people in the "Know" are liquidating everything; there are some mind blowing events coming along and electronic trading or property will be the last thing on peoples minds if it will even be possible (trading that is)
Just look over the past 3 months how many seriously wealthy people have sold their houses.. not to buy another..the sheep need to wake up & realize we are going thro a serious time that will change the World totally, i am not talking about prophesy.
All the Games in Europe/US and middle East are just diversions the real serious stuff is happening in plain sight, most people are so chemically dumbed down their brains are just about working or they just aint bothered
Just look over the past 3 months how many seriously wealthy people have sold their houses.. not to buy another..the sheep need to wake up & realize we are going thro a serious time that will change the World totally, i am not talking about prophesy.
All the Games in Europe/US and middle East are just diversions the real serious stuff is happening in plain sight, most people are so chemically dumbed down their brains are just about working or they just aint bothered
Laughable. Why would they sell their houses? Wealthy people have enough money to have a nice house and live in comfort. They don't worry about whether their house will drop in value. Yes things will get bad, but selling our homes isn't the solution. Where will we all live? And who will buy the houses if everyone sells? And who are these wealthy people in the know selling to? Other wealthy people not in the know?
Re-read what you wrote and then tell me if you seriously expect anyone to believe that you know people in the know and they shared this info with you so you could alert us folks on thai visa. Completely laughable.
w11guy, why would I sell my houses in Europe? I would end up with Euros and I would rather hold the properties, especially considering that they are located in my hometown.
The land and the houses will always have a value even if the currencies become worthless, I could live in the house and plant something to eat in the garden.
The current situation is the reason I decided not to sell any property, even though I am not living there most of the time and they are not suitable for renting them out.
I am also considering buying more land, agricultural land and businesses that have material assets such as machines, in addition to gold/silver. But this is easier said than done especially with the foreign business and land ownership restrictions in Thailand and without experience in agriculture.
It would also be an advantage to marry into a family with a lot of land holdings and an agricultural business I suppose.
Investing in knowledge and skills is another option.
In Topic: Living With Thai Husband In The Countryside
2012-05-15 21:41:20
More on the cultural side, I admire the women, getting up at 5 and spending 2 or 3 hours in the kitchen, cooking several, warm, nutritious meals with all fresh ingredients for the family to eat in the morning and during the day, doing heaps of dishes, I could not adapt well to this because I don't enjoy cooking and doing dishes I hate. 
I like to get up early though.
Here in Phuket I have a maid. I am lazy and spoiled, it probably does not look too good in the village.
I try to use the broom to clean the floors so that I don't just sit around, but I always feel inadequate not helping in the kitchen.
I really love to see what MIL gets up to every day outside the house, there is always something to get from the garden, Betel nuts (cutting and drying them), Durian (making durian paste), Tamarind, Coconuts, Bananas ...
I like to get up early though.
Here in Phuket I have a maid. I am lazy and spoiled, it probably does not look too good in the village.
I try to use the broom to clean the floors so that I don't just sit around, but I always feel inadequate not helping in the kitchen.
I really love to see what MIL gets up to every day outside the house, there is always something to get from the garden, Betel nuts (cutting and drying them), Durian (making durian paste), Tamarind, Coconuts, Bananas ...
