We Are Now On Our Own In Unchartered Waters

[topfield]

One can talk talk, speculate speculate on the value of the baht but over the last few months there has been a seachange in monetary policy which affects us all and which seems permanent.

Over the last six years it did not matter if we held dollars or baht . They were pretty well interchangeable and the rate varied little . Holding dollars, we knew we could always change to baht without incurring much loss. Why ? Because the BOT and even the Monetary Authority of Singapore managed the currency. If the baht got too strong the BOT would just buy up dollars so an to ensure Thailand remained competitive , increasing the reserves at the same time ( these have doubled from 30 to 60 billion dollars over the last five years.)

The seachange has been the apparent breaking of the dollar baht link. The BOT it seems WILL NO LONGER BUY UP DOLLARS TO STABILISE THE RATE.

We are now on our own and holding dollars has suddenly become an extremely risky business. No longer can we rely on the BOT 5th Cavalry to rescue us . The dollar no longer has a floor to protect us.

Views of others agreeing or disagreeing much appreciated .

My answer ? Change your dollars to UAE DIRHEMS ! This currency is rock solid, high yielding and above all STILL TIED TO THE US DOLLAR.......but be quick..this opportunity wont last long.

Edited December 15, 2006 by topfield

[libya 115]

One can talk talk, speculate speculate on the value of the baht but over the last few months there has been a seachange in monetary policy which affects us all and which seems permanent.

Over the last six years it did not matter if we held dollars or baht . They were pretty well interchangeable and the rate varied little . Holding dollars, we knew we could always change to baht without incurring much loss. Why ? Because the BOT and even the Monetary Authority of Singapore managed the currency. If the baht got too strong the BOT would just buy up the baht so an to ensure Thailand remained competitive , increasing the reserves at the same time ( these have doubled from 30 to 60 billion dollars over the last five years.)

The seachange has been the apparent breaking of the dollar baht link. The BOT it seems WILL NO LONGER BUY UP DOLLARS TO STABILISE THE RATE.

We are now on our own and holding dollars has suddenly become an extremely risky business. No longer can we rely on the BOT 5th Cavalry to rescue us . The dollar no longer has a floor to protect us.

Views of others agreeing or disagreeing much appreciated .

My answer ? Change your dollars to UAE DIRHEMS ! This currency is rock solid, high yielding and above all STILL TIED TO THE US DOLLAR.......but be quick..this opportunity wont last long.

Why would anyone want to change their cash into UAE dirhams? It has a dollar peg and will follow the dollar rate slavishly. It will continue with its dollar peg until 2010, then GCC monetary union begins.

CHF is the way to go.

Edited December 15, 2006 by libya 115

[topfield]

One can talk talk, speculate speculate on the value of the baht but over the last few months there has been a seachange in monetary policy which affects us all and which seems permanent.

Over the last six years it did not matter if we held dollars or baht . They were pretty well interchangeable and the rate varied little . Holding dollars, we knew we could always change to baht without incurring much loss. Why ? Because the BOT and even the Monetary Authority of Singapore managed the currency. If the baht got too strong the BOT would just buy up the baht so an to ensure Thailand remained competitive , increasing the reserves at the same time ( these have doubled from 30 to 60 billion dollars over the last five years.)

The seachange has been the apparent breaking of the dollar baht link. The BOT it seems WILL NO LONGER BUY UP DOLLARS TO STABILISE THE RATE.

We are now on our own and holding dollars has suddenly become an extremely risky business. No longer can we rely on the BOT 5th Cavalry to rescue us . The dollar no longer has a floor to protect us.

Views of others agreeing or disagreeing much appreciated .

My answer ? Change your dollars to UAE DIRHEMS ! This currency is rock solid, high yielding and above all STILL TIED TO THE US DOLLAR.......but be quick..this opportunity wont last long.

Why would anyone want to change their cash into UAE dirhams? It has a dollar peg and will follow the dollar rate slavishly. It will continue with its dollar peg until 2010, then GCC monetary union begins.

CHF is the way to go.//

[Topfield : They said the same thing about the ringitt ! And think of the gain should the peg be broken !

One thing IS certain : the UAE Dirhem will not lose value....its a one way bet !]

Edited December 15, 2006 by topfield

[tomyamg00ng]

One can talk talk, speculate speculate on the value of the baht but over the last few months there has been a seachange in monetary policy which affects us all and which seems permanent.

Over the last six years it did not matter if we held dollars or baht . They were pretty well interchangeable and the rate varied little . Holding dollars, we knew we could always change to baht without incurring much loss. Why ? Because the BOT and even the Monetary Authority of Singapore managed the currency. If the baht got too strong the BOT would just buy up the baht so an to ensure Thailand remained competitive , increasing the reserves at the same time ( these have doubled from 30 to 60 billion dollars over the last five years.)

The seachange has been the apparent breaking of the dollar baht link. The BOT it seems WILL NO LONGER BUY UP DOLLARS TO STABILISE THE RATE.

We are now on our own and holding dollars has suddenly become an extremely risky business. No longer can we rely on the BOT 5th Cavalry to rescue us . The dollar no longer has a floor to protect us.

Views of others agreeing or disagreeing much appreciated .

My answer ? Change your dollars to UAE DIRHEMS ! This currency is rock solid, high yielding and above all STILL TIED TO THE US DOLLAR.......but be quick..this opportunity wont last long.

Why would anyone want to change their cash into UAE dirhams? It has a dollar peg and will follow the dollar rate slavishly. It will continue with its dollar peg until 2010, then GCC monetary union begins.

CHF is the way to go.

I wouldnt invest in any countries currency where the property market is running at 28% growth per year, ie, UAE. Remember what happend to a certain SE Asia country in '97 when that was the case.

I also wouldnt invest exclusively in the CHF. Its not a good idea to onvest in only one currency. The perception of the CHF as a save haven is slowly changing.