Why us dollar rise and drop sometimes ? Is it safe to invest in Singapore dollar ? SGD got 0.003% inflation only. How bout gold ? Will gold drop to USD 200 per ounce then rise back again ? When is the best time to buy us dollar,buy gold coins/bars and sell gold ? Gold bars like credit suisse or commemorative gold coins to buy ? Gold bars or commemorative gold coins like singapore lunar 1 oz gold proof coins easier to sell ?
2006-06-22 18:59:27 · 5 answers · asked by youngfellow 2 in Business & Finance ➔ Investing
Both.
2006-06-22 19:02:06 · answer #1 · answered by Kevin 2 · 1⤊ 0⤋
Right now is a good time to buy USD. That was the whole point for the gvmt to let the USD drop - to encourage foreign investment. It's on avg 25% lower against the Euro than it should be.
2006-06-22 20:30:15 · answer #2 · answered by scubalady01 5 · 0⤊ 0⤋
right now the canadian dollar is worth more than the american dollar.
it just goes up and down sometimes... i don't really know why. i've heard of other people investing their money in foreign currencies, but like any investing, there's a chance that you won't make any money.
2006-06-22 19:03:50 · answer #3 · answered by Royb 2 · 0⤊ 0⤋
IT DOES BOTH... U JUST GOTTA LOOK OUT FOR THAT!
**LIL MISS VIXION**
2006-06-22 19:05:55 · answer #4 · answered by LIL MISS VIXION 5 · 0⤊ 0⤋
i would put it in gold..
2006-06-22 19:45:26 · answer #5 · answered by Uncle Salty 3 · 0⤊ 0⤋