Canadian dollar

[Big Dog Striker]

Gold now doing at a high of $ 1,298 an ounce. As mentioned in the previous posts in this thread, greenback will decline and gold goes up. Yesterday's message by the Feds simply means more money will be printed. Which simply means BUY GOLD. Plus, its election time come November, devalue currency, improve exports, create jobs. $ 1,500 an ounce here we come.

 

[reallybig66]

I have found that in Alberta, ATB offers lower exchange rates than the other charter banks, usually 1% less. Just my 2 cents worth.

 

[juniper]

Gold now doing at a high of $ 1,298 an ounce. As mentioned in the previous posts in this thread, greenback will decline and gold goes up. Yesterday's message by the Feds simply means more money will be printed. Which simply means BUY GOLD. Plus, its election time come November, devalue currency, improve exports, create jobs. $ 1,500 an ounce here we come.

I agree about the price of gold continuing to leap upwards. On the stock market, junior golds have not kept up with the price of gold nor with the large and medium gold shares. Their time is coming and the leverage will be immense. I would recommend Golden Predator Development (GPD on the TSX), mostly mining in the Yukon and Bulion Monarch Mining (BULM on the OTC), mining in Nevada and in South America. The latter has made an application to join the TSX and it will likely occur soon. Both companies are actually quite independent as they have (passive) royalties from gold mining operations so as the price rises the more they receive. To be quite clear, I am very familiar with both companies, I used to own shares in GPD and currently own shares in BULM.

As to foreign exchange, here in Edmonton, I use Globex (it's recently changed its name). The exchange rate is more liquid than that of most banks and much better as well. I am very satisfied with Globex's services.

 

[Big Dog Striker]

For junior golds, I like Guyana Goldfields Inc. ( GUY on the TSX ). Been accumulating it since the summer of 2009. I just feel it has the potential to hit the GOLD jackpot in Guyana the same way Ventana Gold did in Colombia and Aurelian Resources in Ecuador the past few years.

 

[juniper]

Thanks for the tip, Big Dog. I'll research it and see what I come up with.

 

[Big Dog Striker]

Good strategy by the current Obama Administration to allow the greenback to depreciate much further and improve exports and create more jobs for Americans. Just follow what Strongman Putin did when the Russian economy was in shambles in 1998 and look at the Ruble now. Same as what South Korea did when they encountered the same problem in 1997. The effect might not be fast enough to save the House from the Republicans come November but might be on time to save his job by 2012. The Republicans can actually help him stay for another Presidential term by putting up Palin against him.

As of now, Swiss Francs is the best safe haven in the market for those wanting to get out of the US Dollar but won't prefer the Euro. Switzerland is back in business. Zurich over Dubai.

 

[Big Dog Striker]

Gold now doing at a high of $ 1,298 an ounce. As mentioned in the previous posts in this thread, greenback will decline and gold goes up. Yesterday's message by the Feds simply means more money will be printed. Which simply means BUY GOLD. Plus, its election time come November, devalue currency, improve exports, create jobs. $ 1,500 an ounce here we come.

Gold now at a record $ 1,341 an ounce. Here comes the Christmas Gold Rush in October. Silver prices the highest in 30 years. Greenback lowest since January 2010. Plus, oil is slowly creeping up quietly with the said US dollar depreciation, Chinese demand, and coming winter.

 

[Big Dog Striker]

Feds just announced their new QE2 $ 600 Billion Stimulus measure today to increase bond purchases to rev up the slumping economy and supposedly create jobs. For mainstreet it means, Wall Street will jack up their securities holdings at public expense. For investors, more money printed = greenback depreciation. At least, this brings more buying power to our loonie.

Btw, the US elections just finished and next one isn't near which means OIL prices going northwards.

 

[Big Dog Striker]

The US Treasury will be allowing the US Dollar to slide all the way to the 2012 elections. The Loonie will look strong. More exports, more local production, more American jobs. GOLD and OIL prices go north. GOLD is now at a record high of $ 1,518 with speculators just starting to jump in the bandwagon. I foresee one day jumps of $ 100 in the price of GOLD in the coming weeks. Paulson and Soros made money again speculating on GOLD when there was no interest in the precious commodity. A good example of it is Vancouver-based Nova Gold. When greed comes in and GOLD starts jumping as high as $ 200 a day, that's the time to shift your profits somewhere.

 

[Big Dog Striker]

As of now, Swiss Francs is the best safe haven in the market for those wanting to get out of the US Dollar but won't prefer the Euro. Switzerland is back in business. Zurich over Dubai.

As in fashion, Gold is IN and Uranium is OUT. When it comes to currency, continually accumulating Swiss Francs is still the best investment as mentioned for sometime now. Thanks to the Billionaire Saudi Prince, OIL is down. :nod: