Hyperinflation in US....how will it affect Mexico? - Page 7

synthia · #61 (**permalink**) 29th January 2009, 05:57 AM

The saying is that when the US gets a cough, Mexico gets a cold. Well, the US has at least a very bad cold, so Mexico may be coming down with pneumonia. There was an article the other day that for the first time in history, remittances from Mexicans living abroad were down for 2008. Since that is Mexico's second largest source of income after oil, and oil is down too, the problem may lie in the Mexican economy, and a crash in the dollar may result in a bigger crash of the peso, making the dollar still rise against the peso even if it falls against stronger currencies.

excelent3 · #62 (**permalink**) 29th January 2009, 07:40 AM

Jamie-

Nice copy and paste from "US Dollar in Hyperinflation" ?

by Trace Mayer, J.D.

US Dollar in Hyperinflation | RunToGold.com

excelent3 · #63 (**permalink**) 29th January 2009, 07:44 AM

For those that doubt that Gold has no "intrinsic" value, do you still feel it is worth the risk to hedge on "currency" ? ...... Check out the currency of Zimbabwe lately? We are headed in the same direction......

jamie · #64 (**permalink**) 29th January 2009, 07:45 AM

Quote:

Originally Posted by excelent3

Jamie-

Nice copy and paste from "US Dollar in Hyperinflation" ?

by Trace Mayer, J.D.

US Dollar in Hyperinflation | RunToGold.com

of course it's not my work. I would think that was clear. Although I definitely should have done attribution for all the copy and paste that I did. And was ready to do so. It's just that there really isn't much interest in the message. So it seemed kind of pointless and I took the easier way. Shouldn't have.

excelent3 · #65 (**permalink**) 29th January 2009, 07:53 AM

Well intended. Regardless, very informative....and a benefit to many...Just as sure as the banks are stupid enough to lend me money at 2.5% on my home equity, I bought more Gold today while they are still taking currency!

goingglobal · #66 (**permalink**) 29th January 2009, 07:31 PM

Quote:

Originally Posted by excelent3

For those that doubt that Gold has no "intrinsic" value, do you still feel it is worth the risk to hedge on "currency" ? ...... Check out the currency of Zimbabwe lately? We are headed in the same direction......

Not what I'd call a major player.

goingglobal · #67 (**permalink**) 29th January 2009, 07:42 PM

So many buzz words, so much nonsense. Debt is a good thing,btw.

synthia · #68 (**permalink**) 31st January 2009, 04:03 AM

Right now the peso continues to fall against the dollar, while the dollar continues to fall dramatically against the yen, and has lost a bit against the euro and pound.

And I just looked up 'intrinsic value' as a financial term. It applies to companies, stocks, and stock options. I couldn't find anything for commodiites. All the definitions pointed out that it can vary widely as it is based on values which are estimated rather than known, except debt.
I tried 'inherent value' too, but it was even more vague.

goingglobal · #69 (**permalink**) 31st January 2009, 06:08 PM

Quote:

Originally Posted by synthia

Right now the peso continues to fall against the dollar, while the dollar continues to fall dramatically against the yen, and has lost a bit against the euro and pound.

And I just looked up 'intrinsic value' as a financial term. It applies to companies, stocks, and stock options. I couldn't find anything for commodiites. All the definitions pointed out that it can vary widely as it is based on values which are estimated rather than known, except debt.
I tried 'inherent value' too, but it was even more vague.

I recently researched the ''intrinsic'' value of the Mexico 10 peso coin. Not going to be good for me when I have to melt all these pesos I'm buying. And that is a proper use of the word ''intrinsic''.