From the category archives:

Currency

US dollar and British pounds are doomed

January 20, 2009

Well this isn’t my theory, of course. Legendary investor Jim Rogers thinks that the US dollar is heading towards doomsday. And so is the British pound. In fact, he thinks the pound is headed towards more doom than the US dollar. On the contrary, I’ve read recently that since the pounds has come down in [...]

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Why gold is falling and when it’s expected to climb again

October 23, 2008

Gold was thought to be a perfect hedge against the stock market because it moves in opposite directions. Since the market came crashing down with the downfall of investment banks, this theory held true and the price of gold shot up almost immediately as Dow Jones slipped. However, we now see both the stock market [...]

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Should the Ringgit be pegged again?

September 22, 2008

With uncertainties looming in the world financial market and the recent developments in US, Malaysia is once again been urged to consider re-pegging the Ringgit in the hope of stabilising the economy in the wake of falling US dollar against other currencies. Back in 1997/1998, the Ringgit was pegged to the US dollar at RM3.80. Since the [...]

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Why the sudden demand for British pounds?

September 9, 2008

Lately there has been a surge of demand for the British sterling pounds. Just go around to money changers and banks and you will find that you are unable to get much of the currency. Apparently this has been going on in the last couple of weeks.
It can’t be that there’re lots of holiday-makers heading [...]

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I paid the price to learn about foreign currency FD

August 19, 2008

Some six months ago I invested in a foreign currency fixed deposit account with a local bank. The interests offered were attractive and after thinking long and hard about it, I decided to go for it.
I chose to invest in it on a month by month renewal contract rather than a fixed term of a [...]

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