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 Gold Investment Corner V8, All About Gold

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wodenus
post May 17 2015, 11:39 AM

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QUOTE(prophetjul @ May 15 2015, 08:50 AM)
The Justice Department is preparing to announce that Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations for rigging the price of foreign currencies


Worst kept secret in the world, currencies are so predictable it's almost funny smile.gif

wodenus
post May 17 2015, 03:19 PM

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QUOTE(prophetjul @ May 17 2015, 03:12 PM)
So predictable you must be a multi billionaire by now
*
I would be if there was not such a thing as a spread and rollover fees. I'll prove it to you now, USD1 = Rm3.56 now. When it gets to 3.0-3.1, it will go up. When it gets to 3.7-3.8, it will come down.

It's really that obvious lol smile.gif Why you do not want to do this :

(1) Time value of money - your life is finite. It's kind of pointless to suffer all your life just to die a billionaire.

(2) It will not make a big difference in your quality of life - these people have billions of dollars, 3.0-3.7 means they make another few billion. For comparatively poor people, it means you ikat perut for five years.. and you are richer by Rm100 or Rm1000 or whatever. Is your five years of suffering worth only that much?

But if you want to do it, have fun smile.gif


This post has been edited by wodenus: May 17 2015, 03:30 PM
wodenus
post May 17 2015, 04:24 PM

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QUOTE(prophetjul @ May 17 2015, 04:07 PM)
so obvious that you find it suffering to make a few bucks.  biggrin.gif
*
That's beside the point. The point is, it's not exactly a secret that currencies are manipulated.


 

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