From the category archives:
Also known simply as a reserve currency, or less frequently, an “anchor currency,” the world reserve currency is more like a vehicle or container - like a 401(k) or RRSP - which can hold a certain currency inside. In other words, there is no essential or necessary world reserve currency. It could be any currency [...]
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One of the latest Jim Rogers videos. Like Peter Schiff, he says “get out of the dollar now”. Rogers has been buying Chinese Yen for the last year. He owns about 15 different currencies, just not US.
“Do prepare yourselves, because there are going to be spectacular opportunities in the markets as these currencies unravel in [...]
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I just found out today that because I’m also a customer of my bank’s investment banking outfit, it entitles me to a better USD-CAD exchange rate than regular customers! I forgot to ask just how much the benefit was, but I am pleasantly surprised since this is the second time in about a week that [...]
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Canadian or American, the dollars are pretty much as equal as they can be today. It’s a good day to go in to your local currency exchange and pick up on the holiday dollars you need for vacationing, conferences, business, or whenever else you need to do anything across the border.
For Americans, who knows [...]
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Here’s one of Jim Rogers’ latest interviews with Bloomberg (June 5, 2008). I always smile at these. He seems so annoyed and frustrated at talking with journalists and reporters. It’s as though he feels that it’s all so common sense - of course you should know that bankruptcies are signs of bottoms [...]
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Also known as royalty trusts, income funds and unit trusts, income trusts are a special type of investment vehicle that are traded on the stock exchanges and pay out on a regular basis to their unitholders. As far as I know, these are also a uniquely Canadian product (if anything similar to income trusts [...]
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Oil is heading up, and, sure enough, the US dollar is down a bit too.
Current USD-CDN exchange rate is 1 US Dollar = 0.98486 Canadian Dollar.
Maybe I’ll start keeping track of the US-Euro and US-pound exchanges too.
Related Posts Is This The Bottom? Complexity Theory and Global Markets [...]
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