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R640 – I thought I understood

Posted by Buygold @ 7:04 on September 6, 2022  

You’re adding UVXY today because this rally we’re getting this am you thought would happen?

USD down a bit, rates up around 4 bits.

Silver giving us a break early. I thought there was the CPI and PPI this week, but it happens next week.

Maybe a week with little or no news would be good for awhile. Apparently though, Powell speaks twice this week. He’ll sound hawkish but he’s nervous.

 

This isn’t for everybody but a good idea.

Posted by goldielocks @ 5:11 on September 6, 2022  

Wise card for currency transactions. You can move your money from your bank on this pre paid card. This avoids bank foreign exchange fees and better exchange rates and can use it as a debt card for making transactions while traveling or even sending money back home. This would of been great to have before the Euro.
Somethings going on with the Euro though because they’re limiting the amount you can put on the card without fees but more than enough for travelers or expats. Or Trudeau freeze.

I’m wondering if you move it to a different currency like out of the Euro while it’s falling to the dollar and moved it back if you’d get more Euros and when Dollar goes would you save the value by holding it in another currency during the fall.
This would of came in handy with some bank failures during the 08 crash instead of having to wait to get your money back or in case they didn’t pay it all back like they did in some country’s with bail ins. That could of saved some businesses.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.