Only problem with that is it would cost you more that 10 pounds to ship all your money home! It would be kind of fun to come through the airport with a suitcase full of zimbabweian money and then explain that the whole case is only worth ten bucks I think if I actually had any money to invest (which i don't) it would go into euros and metals other than gold. The USD is headed in the same direction as the Zimbabwien currency these days. I think gold has too much speculation to be a good investment, but things that actually get used (copper, Aluminum, zirconium, etc) are going to just appreciate in valie as the Chineese hoover up more and more to produce crap to sell at Walmart.
Money depreciates. $1 doesn't buy what it used to, next to nothing these days, and $1 will buy even less in the future, and the same for any currency out there. I don't save in any currency for this reason.
LOL you want 17000$ to get 1 gold block yeah they are coming down. But Euro is the strongest now days. I will stop saving and Buy some thing. The problem if you buy a car or some thing THE price DROP next year. That's make you lose your mind.
Exacly CK - 1 gold block didn't cost that much before - the gold has gone up, but the money has gone down. Yes you can make money buy trading currencies but that's too much effort for me. The only cars that appreciate are mainly the popular but rare models, there are exceptions but i don't invest in cars. I like dirt, like most kids, i liked it from a young age, and i haven't stopped playing with it and i still bring home as much dirt as i can, so to speak It's good to trust your instincts sometimes.
That's why we have something like interest. As long as the interest on your savings is higher than the deflation on the currency, you're quids in. If you're looking at compound interest, things look even better. Some things will always be in demand, and hence are good investments: residential property, for instance, although location is key in this.
As the dirham has been pegged tightly to the dollar for the last 20 years that seems a bit pointless.
Compounding interest is nice, but so is a na 2 litre 4cyl. If you want to have something that not only compounds/appreciates it's value & return, but also booms like a turbo 2lt when it hits band, then you're gonna want something better The value of the dirt in any location, particularly the desired ones, is amplified by the increasing population, so get off the computer and get back to breeding your brains out ppl If the population stops increasing i'll have to stop playing with dirt & start mucking around with other more time consuming stuff
mvagusta LOL what is your story with the dirt??!!? DXR_13KE The Dollar is coming up, Are you kidding me now? cpemma Dirhams <-> Dollar, They stick tougher if the dollar go up or down, you exchange with the same rate 3.65 . So nothing happen to the dirhams if the dollar go up or down, we don't feel it. so yeah it sounds the best currency to trade to here in UAE. But I think Euro is better.
By dirt i mean land as in real estate. I was just mucking around as i tend to do a bit around here i'm such a rebel
Sorry this is of topic ComputerKing I will be in Dubai on Friday and will have about 4 and a half hours to waste before my connecting flight is there anything close to the airport worth a visit ? I believe there is a huge shop complex in the airport is that correct? Cheers Nigel
lol i think he just means the SA currency rand, krugerrands are more like our gold sovereigns, merely a piece of bullion in reality.
I don't think so, You will have to hang around on the Air port. There is big tech store and some perfumes you can try, The airport have mini mall you can say. The airport on an empty desert Enjoy your trip. Have fun on the airport, and don't forget the cola
By friday there will probably be another casino, amusement park, day spa, golf course, and probably a couple of other things aswell, all within 5 minutes of the airport. Dubai is outta control
HAHAHAH That's 100% right. Maybe some thing new will be build. Hell yeah Dubai is out of control. I heared that by 2010 - 2015 they will not find any Electric power. They will have to build Nuclear generator Ever 1 sec some thing new in duabi.
