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Forget gold, invest in Canadian dollars

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Forget gold, invest in Canadian dollars

Postby Redd_Hitler » Sun Sep 30, 2007 3:42 am

Too funny
http://au.finance.yahoo.com/currency/co ... it=Convert

The USD is more worthless than the Canadian dollar. Hilarious!!!
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Postby Jack » Sun Sep 30, 2007 5:14 am

Holy hell, I thought you were was joking. Looks like the US is finally circling the drain. Maybe crippling depression will teach Americans some humility.
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Postby The_Adventurer » Sun Sep 30, 2007 5:32 am

Time to start a business in Japan! ;)
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Postby Redd_Hitler » Sun Sep 30, 2007 5:33 am

As if there was ever reason to get rid of Bush this is it. The only president to lower the US dollar to below the canadian dollar in history. Another term and Canada will own the US...LOL!
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Re: Forget gold, invest in Canadian dollars

Postby chris001 » Sun Aug 21, 2011 8:16 pm

Redd_Hitler wrote:Too funny
http://au.finance.yahoo.com/currency/co ... it=Convert

The USD is more worthless than the Canadian dollar. Hilarious!!!


What about are you talking about. Is this only fun?
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Postby S_Parc » Sun Aug 21, 2011 8:31 pm

Canada is an export centric nation. Thus, their govt has a vested interest in keeping it weaker than the USD.

The only way for the Loonie to appreciate, without hurting the Canadian economy, is the re-direct half of that 75+% export to the USA to other nations, which don't peg themselves to the USD.

Fortunately, the short sighted folks in Ottawa never figured this out and now, they're in the same straits as every other western nation, too strong of a currency for their own good.
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Postby Grunt » Sun Aug 21, 2011 8:44 pm

One of my Windows 7 desktop widgets is a currency converter. The USD has been below the CAD for months. It went up a tiny bit after the debt ceiling was raised, but still not above parity.
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Postby Contrarian Expatriate » Mon Aug 22, 2011 1:01 am

No, no. The Canadians like relative parity with the USD so that their products can sell in the US. Look at what just happened to the Swiss Franc. It was devalued since its fast rise after people bought it as a safe haven.

Currencies are subject to considerable manipulation by central banks to influence exportability and foreign trade.

It is better to invest in Gold, Platinum and Palladium. Silver is not a bad option either but is has been run up more than gold so it might be in a bubble at the moment.
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Postby momopi » Mon Aug 22, 2011 1:33 am

http://www.insidesocal.com/sgvcrime/201 ... nd-he.html

Earlier this month, some thieves broke into the safety deposit box vault at East West Bank in Rowland Heights. I personally know at least 2 Taiwan-immigrant families who kept their valuables there. Their safety deposit box were broken into and the gold, cash, and valuables were stolen. My fishing buddy's mother kept her gold bars and coins there and her losses is in 6 figures, considering current value of gold.

For those who keep part of their assets in gold and silver, please keep in mind that the bank does NOT insure the contents of your safety deposit box!!! If you buy gold bars, make sure you record the serial #'s.
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Postby S_Parc » Mon Aug 22, 2011 2:21 am

Contrarian Expatriate wrote:No, no. The Canadians like relative parity with the USD so that their products can sell in the US. Look at what just happened to the Swiss Franc. It was devalued since its fast rise after people bought it as a safe haven.


Exactly. As soon as the Loonie hits its all time high, it might not be a bad idea to hedge against it with a non-leveraged short ETF, assuming one exists for the the CAD/USD pair. Ottawa will always de-value the CAD. A strong Loonie leads to an import-based recession for Canada.
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Postby lionchild » Mon Aug 29, 2011 11:03 am

Canada is an export centric nation. Thus, their govt has a vested interest in keeping it weaker than the USD.

The only way for the Loonie to appreciate, without hurting the Canadian economy, is the re-direct half of that 75+% export to the USA to other nations, which don't peg themselves to the USD.

Fortunately, the short sighted folks in Ottawa never figured this out and now, they're in the same straits as every other western nation, too strong of a currency for their own good.


Most of what you said here is almost true... yes its true that Canada is strengthening ties with other countries outside the USA (which is a good thing all things considered..). I think most of us know that the USD will continue its drop for the forseable future, which could be good for US exports, though dont quote me on that. I do know that the tourism industry has taken a hit up here cause of the strengthening dollar, but then again... many tourists from asia seem to be taken over the void left behind... just take a look at who is propping up the Vancouver real estate market and swelling the buses that travel canadian roads these days :)

Canada is in a much better position to ride out any future finiancial storm as the central bank here and banks in general did not get in the same mess as our friends to the south. We also have the oil sands, diamond mines, coal, and many other natural resources that remain largely untapped. The real thing that Canadians should be afraid of is the ecozealots, several first nations groups, and socialists policies that are keeping Canada from truly reaching its true potential

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Postby S_Parc » Tue Aug 30, 2011 2:07 am

lionchild wrote:Canada is in a much better position to ride out any future finiancial storm as the central bank here and banks in general did not get in the same mess as our friends to the south. We also have the oil sands, diamond mines, coal, and many other natural resources that remain largely untapped. The real thing that Canadians should be afraid of is the ecozealots, several first nations groups, and socialists policies that are keeping Canada from truly reaching its true potential


Yes, the lefty element is a problem but the economy you've described: diamond, oil, etc, is like South Africa and in many ways, not a whole lot different than the upcoming USA.

The USA is the world's largest corn, soy, and coal producer and with the shale oil fields in the Rockies coming online, another soon-to-be Alberta. And don't forget King Tobacco (southeast) and already pre-existing refining in the Gulf States for the finished petrochemical products. The problem is that by itself, it's not a heck of a lot different than a 3rd world nation's portfolio ... a number of big owners and everyone else working for them, at depressed wages.

What made the US a more dynamic economy was the value-add industries like Finished Furniture making (instead of raw timber), Telecom-Silicon Alley/Valley (in place of pure silica), Biopharma (in place of oil/minerals), etc. Thus, many top tier Canadian graduates find themselves with better opportunities in Houston, San Diego, or DC over Toronto & Vancouver. I'd spent some time in our operations in Toronto and the one thing I'd noticed was the lack of hiring and inability for companies & their clients to in-shore a lot of the high end work, done in either a development center in Austin or one in Beijing. The result is that even Toronto, Canada's largest city, has more of a sales office facade than a place in the same league as Chicago, Houston/Dallas, SF/Bay Area, or Tri-state NYC area. Now, don't get me wrong, I'd not making a comparison to Detroit, Philly, StLouis, or any other rustbelt/deadbeat stateside city but on the whole, a bright person can still find better opportunities in let's say Houston over most Canadian cities today.

Thus, if Canada doesn't expand its market for its goods, raw and finished, it could also be a 3rd world nation, much like the US, in the decades ahead.
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Postby Taco » Tue Aug 30, 2011 2:48 am

[/quote]Thus, if Canada doesn't expand its market for its goods, raw and finished, it could also be a 3rd world nation, much like the US, in the decades ahead.[/quote]

Interesting observation, Canada will be a 3rd world nation very soon. However, trying to convince most Canadians of this is rather difficult.
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Postby S_Parc » Tue Aug 30, 2011 3:04 am

Taco wrote:
Thus, if Canada doesn't expand its market for its goods, raw and finished, it could also be a 3rd world nation, much like the US, in the decades ahead.


Interesting observation, Canada will be a 3rd world nation very soon. However, trying to convince most Canadians of this is rather difficult.


I'm trying to be helpful. Who knows, perhaps he might have some contacts in Ottawa who can change things :?
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Postby JhonPaul » Tue Sep 06, 2011 8:40 pm

Seems like its time to re think. The prices of Gold are raising again in the international market with respect to Dollar.
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