I know it speculative but I was hoping someone with more knowledge of economics might like to give me their opinion.
I am from UK but now live in US. I am selling my house shortly (UK) and will have a considerable sum of money coming to me in GBP. With the dollar nose diving to european currencies is it wise to change my GBP to USD or wait for now. Whats the chance of the dollar recovering anytime soon??
Any advice of feedback would be much appreciated.
2007-11-07 16:31:19 · 2 answers · asked by scotty 2 in Social Science ➔ Economics
The dollar will never recover. I advise you to keep it in GBP or buy gold or euros. The best option is a mix of the three.
2007-11-09 04:16:39 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I wouldn't count on the US Dollar "recovering" much- until AFTER our next President takes Office in early 2009. So if you can wait a year or so before bringing your $$$ over- it might be worth your while...
2007-11-07 16:42:24 · answer #2 · answered by Joseph, II 7 · 0⤊ 0⤋