Impending Doom . . . .
Join Date: Aug 2003
Location: Middle East
Posts: 57
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No need to get upset, If you have cash (in GCC) and convert to a lower currency (like home
) do it. Put it in a nice savings account or term deposit and sit on it. Maybe buy a house in your home country.
From what I am seeing they are cheap compared to buying here, and the dirum and dinar go a long way. now.
Get one here and as many as you can in your home country, and protect your retirement. (depending on situation)
I am not buying shares at the moment as I think I may go lower, and if they do not who cares. still better than 2 years ago by a long shot.
Good luck all.
As Richard Quest says "may all you travels be profitable"
Inshalla
) do it. Put it in a nice savings account or term deposit and sit on it. Maybe buy a house in your home country. From what I am seeing they are cheap compared to buying here, and the dirum and dinar go a long way. now.
Get one here and as many as you can in your home country, and protect your retirement. (depending on situation)
I am not buying shares at the moment as I think I may go lower, and if they do not who cares. still better than 2 years ago by a long shot.
Good luck all.
As Richard Quest says "may all you travels be profitable"
Inshalla
There is potential danger sitting on a pile of cash with increasing inflationary trends. So keep an eye on that. Jim is very worried about hyper-inflation down the track.
YouTube - Jim Rogers: Inflation down the road
YouTube - Jim Rogers: Inflation down the road
