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Old 18-09-2008, 11:59 PM
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Moredhel Moredhel is offline
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Re: thai baht rate update

Quote:
Originally Posted by Tony Stark View Post
I've not bought Thai Baht for almost a year already as I'm usually paid in Baht. But all ended up in MPs/G-Clubs. Haizzz.

What I suggested was at times like these. When THB is at 24+ region buy more and hold. Don't be too greedy.

I bought some HKD at 5.40 last week as I feel it may strengthen to 5.10 in the coming months as seen in 2007. Good to buy some JPY as well. USD maybe buy a little first as it's on upwards trend. 1.36 few months back. Now slowing climbing up at 1.4+ region. The days of 1.3-4 region will not last forever. I will whack if it drops to 1.39+ and hold long term.
Haha really too greedy. Didn't think the SG Govt will cut appreciation of SGD so soon. Was still holding out for 24.5 at that time. Pity now.

USD seems like on slight rebound but have to see how the feds handle. Seems like everyone is stockpiling cash. I'm personally going into gold.

With oil down, USD in turmoil, EUR prolly stable..GOLD is where I see all the stockpiles of cash going into.


Disclaimer: Dear SBF Forummers, pls don't chiong for gold based on this post please. It's just my subjective opinion and not a tip to buy. So pls don't blame me if you lose any monies.
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2nd-7th Oct 2008 - BKK (Mission Complete)

My sincerest wish is that one day, I can chiong the Japan scene with the mindset that "budget is not a problem, I only want the best!"