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Smarter people than me - A small game for you (currencies)

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Sun Wukong
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PostPosted: 09:42 - 08 Nov 2016    Post subject: Smarter people than me - A small game for you (currencies) Reply with quote

Ok, so I have just got a job in Kazakhstan. Long story short.

I fly there this weekend, to start on Monday.

I have around GBP 1000 in Malaysian Ringit (MYR).

I am flying through Thailand, to pick up my playstation and get on Aeroflot, the world's best airline (genuinely my favourite - genuine zero fucks given).

Given the state of the Pound, the Dollar, the Euro, the Renminbi, the Ringit...

What the hell would you do with it?

I can hedge on sterling going up, as it is undervalued at present? Maybe buy in Thailand?

Or I can try and track down some Maple leafs.

What do you guys reckon?

Cheers,

Rich
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angryjonny
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PostPosted: 10:04 - 08 Nov 2016    Post subject: Reply with quote

I'd wait until the Hillary/Donald results are out later.
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Sun Wukong
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PostPosted: 10:24 - 08 Nov 2016    Post subject: Reply with quote

angryjonny wrote:
I'd wait until the Hillary/Donald results are out later.


I suppose buying Dollar after the Trumptastic collapse as short term might be wise, although I'm sure the sellers will protect themselves against that sort of short term volatility...

Or will they Twisted Evil
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Alpineandy
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PostPosted: 10:31 - 08 Nov 2016    Post subject: Reply with quote

You may be safer with Yen.... or even Baht Laughing
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Sun Wukong
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PostPosted: 10:54 - 08 Nov 2016    Post subject: Reply with quote

Alpineandy wrote:
You may be safer with Yen.... or even Baht Laughing


Exactly my issue. Weird enough that I'm about to be paid in Pounds anyway...

I suppose dollar might be hedging risk a little bit.

All of my savings are in India Laughing

What a time to be alive boys.
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Pjay
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PostPosted: 11:55 - 08 Nov 2016    Post subject: Reply with quote

I'd buy Rupees, it's been on the up and up all year.
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Sun Wukong
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PostPosted: 14:39 - 08 Nov 2016    Post subject: Reply with quote

Pjay wrote:
I'd buy Rupees, it's been on the up and up all year.


My money is in Rupees already, they are talking about devaluing it already as it is hurting exports.

Wouldn't want to buy high, although my wage is going to be buying more.

I think money is on the Trumpathon murder the dollar, although I still need spending money when I get to the other side - so can sit on it all.

Euros holding ok these days?

Edit: Dollar low to MYR has been 1:3.8, and it is currently 4.2

We shall see tomorrow when I hit the exchange.
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Pjay
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PostPosted: 15:29 - 08 Nov 2016    Post subject: Reply with quote

Ah yeah the Ringit is linked.

I'd keep hold until the western currencies get over the latest downturns that are bound to happen when either of these jokers are going to be elected.

There's very little instability in the Rupee and not really any cause for concern on the horizon, unlike the Pound, Dollar and Euro, which will probably drop and take a month or two to recover.
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Pjay
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PostPosted: 15:32 - 08 Nov 2016    Post subject: Reply with quote

Oh wait, are you hoping to buy tomorrow or today?
Tomorrow is a different story, I'd buy the pound tomorrow as it will more than likely drop and recover quicker than the Euro or Dollar.
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Sun Wukong
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PostPosted: 18:03 - 08 Nov 2016    Post subject: Reply with quote

Pjay wrote:
Oh wait, are you hoping to buy tomorrow or today?
Tomorrow is a different story, I'd buy the pound tomorrow as it will more than likely drop and recover quicker than the Euro or Dollar.


Aye, tomorrow I'll be buying...

All risky these days. I am heading to Thailand next, but buying Thai baht overseas is always a risk.
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Sun Wukong
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PostPosted: 18:49 - 08 Nov 2016    Post subject: Reply with quote

Just been told that Ponds are also a pain to get rid of in Kazakhstaaaaarn.

So erm, dollars it would seem. Or maybe Euros.

They do seem to be paying the ticket rate though (4.2), which is fancy. Let's see what it's like when I get up tomorrow Laughing
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Pjay
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PostPosted: 19:42 - 08 Nov 2016    Post subject: Reply with quote

Dollars are likely to take a bit of time to recover and could dip further with some moronic speeches by either party.
I'd steer clear, but the gains could be wonderful if you bought at the right time, I'm not sure the first drop would be the worst though and the dollar might take some time to bounce back. It's quite strong now because of the state of the country is fine, how long it takes for the world to trust? Who knows.

It's a tricky one for sure, The Baht is artificially high, so it's unlikely to have any real gains, it wasn't that long ago, maybe 8 years, that it was worth around half what it is now.

Gambler takes the Dollar, chancer takes the Euro, Pussy takes the Baht.
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Alpineandy
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PostPosted: 20:54 - 08 Nov 2016    Post subject: Reply with quote

Pjay wrote:
Gambler takes the Dollar, chancer takes the Euro, Pussy takes the Baht.


Yen?

I don't take much notice of the USD or the USA in general anymore, so I'm sure you must be correct.
With no background knowledge at all, I'd have thought that the election and the distant possibility of Trump getting in would have kept the dollar down.
IMO and I'd guess most people outside the USA, Hillary is an poor option for them but better than trump.
So I wouldn't have expected it to be strong at he moment, or for there to be a drop for the USD soon.
Why is it so strong when things are so uncertain there?
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ScaredyCat
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PostPosted: 21:54 - 08 Nov 2016    Post subject: Reply with quote

It's quite simple really, you need to put your money into muliebrous professional entertainment and powdered homophonic carbonated beverage supplies.
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Alpineandy
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PostPosted: 22:06 - 08 Nov 2016    Post subject: Reply with quote

ScaredyCat wrote:
It's quite simple really, you need to put your money into muliebrous professional entertainment and powdered homophonic carbonated beverage supplies.


You really need some insider knowledge to work in the MPEAPHCBS markets though. Wink
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mentalboy
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PostPosted: 03:06 - 09 Nov 2016    Post subject: Reply with quote

Pjay wrote:
I'd buy Rupees, it's been on the up and up all year.


Be interesting to see how it holds up short term with the announcement of the immediate removal of the old 500 and 1000 rupee notes. I reckon that could be quite a mess initially, good for long term prospects though.
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The Artist
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PostPosted: 03:31 - 09 Nov 2016    Post subject: Reply with quote

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Alpineandy
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PostPosted: 13:01 - 09 Nov 2016    Post subject: Reply with quote

Bitcoin sounds like a good idea... I've no idea where to get it though.

I'm amazed the states went for the dumb racist very rich guy instead of the political & corrupt rich woman.
It'll be interesting to see what happens to their economy etc now...
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Sun Wukong
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PostPosted: 13:16 - 09 Nov 2016    Post subject: Reply with quote

I settled on Rubles... and then couldn't find any.

I then ended up with a slightly pants (lost about 10 euros over $1000USD - manic day catching flights etc) rate on GBP and USD (USD as more liquid in cash, GBP as it is cheap as fuck and Trumpgeddon should eclipse Brexit panic).

So thanks for the help.

Bitcoin would be good, but still seems overvalued.

As for rupees, I have both a 500 and 1000 INR note in my stash wallet. When do they remove them from circulation? I'll post them to my friend and order a care package Laughing
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Rogerborg
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PostPosted: 13:17 - 09 Nov 2016    Post subject: Reply with quote

Alpineandy wrote:
dumb racist very rich guy

Who turned millions into billions while actually constructing things and weathering multiple crashes that put others under.

The markets are going to have their OMG-so-startled tizzy, then realise that having a businessman directly in charge is better than having to keep bribing a politician to get what they want.

Dollar "sinking"? DOW "plummeting"? Buy pretty much anything you want, it'll bounce back.
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Pjay
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PostPosted: 13:24 - 09 Nov 2016    Post subject: Reply with quote

I like Trump, he prosecutes women for shitting in his bunkers.

My hero.
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Alpineandy
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PostPosted: 14:51 - 09 Nov 2016    Post subject: Reply with quote

Rogerborg wrote:
Alpineandy wrote:
dumb racist very rich guy
Who turned millions into billions while actually constructing things and weathering multiple crashes that put others under.

The markets are going to have their OMG-so-startled tizzy, then realise that having a businessman directly in charge is better than having to keep bribing a politician to get what they want.

Dollar "sinking"? DOW "plummeting"? Buy pretty much anything you want, it'll bounce back.

Don't make out Trump as some business genius. If he'd taken his fathers millions and left it with any decent investment bank then (despite the global crashes) he'd have more wealth now than he actually has.
Having money to start with makes 'making more money' pretty simple compared to his father problem of making money from very little.
Being connected with the right people (the American 'old boy' network) who also financially support your business ventures tends to reduce the usual reason for failure, which is over extending yourself financially, especially when one of your main businesses is property development.
So he's done very little any other wealthy, well connected individual couldn't have done.
He'd probably have done much better if he hadn't pissed off so many people with his misogynistic and racist BS (but he got away with it as he's wealthy).
It is probably wrong to call him 'dumb' but 'ignorant and egotistical' are pretty close to the mark.
Unfortunately the other option for them to vote for was another really bad choice, but I'm surprised they didn't take it.
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Pjay
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PostPosted: 14:58 - 09 Nov 2016    Post subject: Reply with quote

Alpineandy wrote:

Don't make out Trump as some business genius. If he'd taken his fathers millions and left it with any decent investment bank then (despite the global crashes) he'd have more wealth now than he actually has.


That has been debunked. The article you read that assumed he took 100% of his fathers inheritance. He didn't he at best took 20%.

The guy made a successful business and made billions.
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Alpineandy
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PostPosted: 15:16 - 09 Nov 2016    Post subject: Reply with quote

Pjay wrote:
Alpineandy wrote:

Don't make out Trump as some business genius. If he'd taken his fathers millions and left it with any decent investment bank then (despite the global crashes) he'd have more wealth now than he actually has.

That has been debunked. The article you read that assumed he took 100% of his fathers inheritance. He didn't he at best took 20%.
The guy made a successful business and made billions.

I wasn't aware of that but never the less, 60m invested in property in NY in the mid 70s would still be a sizeable chunk of what he has now.
As I said, he's 'connected' in a way that makes it difficult not to make lots of money and he'd probably have made more if he'd stayed out of the limelight where he's pissed off a lot of people.
It'll be interesting to see if he 'goes after' some to his American enemies or decided it's better for the country if he doesn't (but I suspect he'll get to them behind the scenes). Laughing
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Pjay
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PostPosted: 16:36 - 09 Nov 2016    Post subject: Reply with quote

Well it's odd that his siblings never made anywhere near what he has. Do you even know their names? They all got an equal share and combined they are worth a fraction he is.

The fact is, he has generated a lot of employment and taxes over the years, he has put a lot of food on a lot of families tables. If he was as daft as people make out, then he'd have failed long ago. Yes, people lose millions and go under all the time.

I know he has been known as a hard baller, but then that's what I'd prefer when someone is representing my country in deals. Watch at how him and Putin will get on like a house on fire. The main reason will be because neither of them were bought up to be lying politicians that will do anything to feather their own nests. Trump has nothing financial to gain from being a president. This to me, puts him in a wonderful position to do the right thing for the people.
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