Protection from economic recession

[JackAlabama]

jkl197 said:
I confirm, as you said, I dont have a single yuan in my wallet, as I wrote myself in my previous post: "now I think is too early to invest heavily in China."
I was just talking about a long long term trend that the war seems to push

https://www.bloomberg.com/news/arti...il-paid-for-in-yuan-to-start-flowing-to-china
https://www.bloomberg.com/news/arti...-to-206-billion-reserves-in-philosophy-change
For now I keep my exposure to USD and I am enjoying the USD getting stronger.
Click to expand...

* getting stronger until it stops 😉

 

[uplana]

void said:
as you can see EUR is constantly weakening
Click to expand...

hmmm, where do you see that, comparing to the US$ it is pretty stable all time??

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[JackAlabama]

uplana said:
hmmm, where do you see that, comparing to the US$ it is pretty stable all time??
Click to expand...

January 21, 1.23
Now, 1.07

 

[Silvio]

jkl197 said:
I confirm, as you said, I dont have a single yuan in my wallet, as I wrote myself in my previous post: "now I think is too early to invest heavily in China."
I was just talking about a long long term trend that the war seems to push

https://www.bloomberg.com/news/arti...il-paid-for-in-yuan-to-start-flowing-to-china
https://www.bloomberg.com/news/arti...-to-206-billion-reserves-in-philosophy-change
For now I keep my exposure to USD and I am enjoying the USD getting stronger.
Click to expand...

Long term trend- nobody knows anything. Any prediction is equally worthless, including mine.

And just to show how hilarious it is to make predictions, all the people here that said that EUR and USD are trash and invested in Gold to combat inflation just lost 10% of their wealth in 2 months...

 

[freedomseeker]

I am considering buying some CHF till things calm down a little ... thoughts? (dumb idea?)

 

[Golden Fleece]

freedomseeker said:
I am considering buying some CHF till things calm down a little ... thoughts? (dumb idea?)
Click to expand...

It depends on your reasoning. Have you looked at the CHF/USD chart recently? CHF dropped like a rock against the USD. It is now almost at parity with the USD. If you think that things will get worse, why would you buy CHF? The USD is everyone's flight to safety. Even the EUR is almost at parity with the USD.

But if you expect things to get better rather quickly, then buying CHF might make sense -- because CHF may return to where it was before the Russian invasion.

 

[369]

Silvio said:
Long term trend- nobody knows anything. Any prediction is equally worthless, including mine.

And just to show how hilarious it is to make predictions, all the people here that said that EUR and USD are trash and invested in Gold to combat inflation just lost 10% of their wealth in 2 months...
Click to expand...

actually some people know......

freedomseeker said:
I am considering buying some CHF till things calm down a little ... thoughts? (dumb idea?)
Click to expand...

dumb idea.