I had a dollar account with Anglo and that has now moved to AIB the interest rate is very low, does anyone know where I could get a better rate, i thinks I am getting less than 1%. Any ideas would be appeciated.
I had a dollar account with Anglo and that has now moved to AIB the interest rate is very low, does anyone know where I could get a better rate, i thinks I am getting less than 1%. Any ideas would be appeciated.
the dollar has been weakening for the last 8 years or so but hasnt yet breached the 1.50 mark against the euro, it has been trading in the 1.20 to 1.50 mark for the last 6 years or so, all currencies are weakening because of inflation, the problem with the euro is that it cannot contain the different economies comprising it,
This is very true, but if the EU goes down the path of endless bailouts of further countries then this will severely weaken the euro.were ireland , portugal or greece to leave the euro , the euro would strengthen further as it would be seen to have ditched some dead wood ,
This is very inaccurate. First of all gold is most commonly quoted in US$, it is not valued in dollars. Gold is priced in every currency, as gold is essentially money, which is why it is traded on the foreign exchange desks of various stock/commodity exchanges.btw , many people are being advised to buy gold right now , thats fine if you live in america but in euro terms , gold has not risen by one cent in nearly twelve months , gold is valued in dollars so even its going up all the time in dollars , its all relevant to how weak the dollar is against ( in our case ) the euro
Not necessarily true. If you measure all fiat currencies against gold, then they have all been declining for a long time, i.e. they are all weakening in purchasing power based on real assets. Even the strong Swiss Franc has been weakening against gold.Which rubbishes everything else including the bizarre statemetn that "all currencies are weakening" which is impossible, weakness in one means strength elsewhere.
Not necessarily true. If you measure all fiat currencies against gold, then they have all been declining for a long time, i.e. they are all weakening in purchasing power based on real assets. Even the strong Swiss Franc has been weakening against gold.
The euro is only 12 years old, not 25 years. In US$ terms gold was relatively flat from 1983 to 2000 (after the early 80s inflationary bubble), and has been increasing every single year since then. When the Euro was introduced in 1999 gold was trading at about $287 and the EURUSD exchange rate was about 1.1, so a euro price of about €260, in other words a four fold increase to today's price. So yes, that would be a perfect example of a severe weakening.Are you referring to the Euro/Gold price which had basically declined for 25 years until about 3 years ago as a weakening?
What I said was that all fiat currencies are weakening when measured against the one hard currency in the world. Could you clarify what you mean by "real rates are not affected by inflation, it is purely nominal"? Real interest rates are the summary of adding inflation, a negative number, to the net interest rate.And since he said all currencies are weakening due to inflation, then that is impossible, real rates are not affected by inflation, it is purely nominal.
Absolutely true, but as I already said, that means that all fiat currencies have weakened when measured against the only hard currency.And anyway, if you are including gold as a "currency" then Gold has strengthened and the point stands.