Post: #26

(06-24-2016 02:45 AM)Phoenix Wrote:  

(06-23-2016 02:39 PM)Harvey Specter Wrote:  The betting odds, which I have found are far more accurate in predicting outcomes of political events than any polls, have UK staying in the EU by overwhelming odds (1/9 - 1/6). So I wouldn't worry much about devaluation because they aren't leaving.

Oh really?

Yeah, I deserved that. That is what I get for listening to the bettors, but they do have a good track record.

Post: #27

Delete

Post: #28

(06-21-2016 09:12 PM)Irenicus Wrote:  OK, I turned all my savings, from Euros into American Dollars like 2 days ago. I would prefer trading Euros for some precious metal, but, that is harder for non US citizens.

Like it was predicted, Euro is losing value (and Pound) compared to the dollar. Palpatine agrees with me, it seems... .

Quote:Soros, in an opinion piece in the Guardian newspaper, said that in the event of a British exit, or Brexit, the pound would fall by at least 15 percent, and possibly more than 20 percent, to below $1.15 from its current level of around $1.46.

http://www.breitbart.com/london/2016/06/...y-eu-else/


Also, some suggested CHF, so I might toy with these as well.

In any case, thanks everyone.

Congratulations on making half a years worth of savings in a day.

Post: #29

(06-22-2016 04:00 AM)The Beast1 Wrote:  Don't buy rare watches or anything collectible like that. While the value of the watches would go up, the markets for rare watches are small and you lose on the ease of convertibility

Just get USD paper notes or open a US based bank account and deposit cash in there. Schwab is pretty good and they have an international service meant just for this.

I'd go long USD and short the eur against the dollar. I don't play in forex however.

Don't get into collectibles unless you are a collector, which means you know that particular market and enjoy learning about it, as well as owning the items.